1250 West 83rd Street

Los Angeles, CA 90044

$1,499,999
Price
—
Beds
3,065 Sq. Ft.
$489 / Sq. Ft.
3,065
Sq. Ft.
$489
per Sq. Ft.

Description

FANTASTIC INVESTMENT OPPORTUNITY 8% CAP RATE and GRM 10% One of the best investments out there! Property is located in vibrant South Los Angeles. This beautiful remodeled property consist of 4 1bed 1 bath units and 2 cozy studios. Recent upgrades include new flooring throughout, fresh interior paint, and modern lighting fixtures. some new plumbing and electrical systems. windows provide ample natural light and improved energy efficiency. low maintenance artificial grass, outdoor privacy gate for...FANTASTIC INVESTMENT OPPORTUNITY 8% CAP RATE and GRM 10% One of the best investments out there! Property is located in vibrant South Los Angeles. This beautiful remodeled property consist of 4 1bed 1 bath units and 2 cozy studios. Recent upgrades include new flooring throughout, fresh interior paint, and modern lighting fixtures. some new plumbing and electrical systems. windows provide ample natural light and improved energy efficiency. low maintenance artificial grass, outdoor privacy gate for added security and seclusion. Ideal investment for both seasoned and new investors! Drive by only, do not disturb tenants
  1. Listed by Erica Ruiz • DRE #01350945 • Brokerage DRE #01305116 • Casa Bella Realty Group • 310-951-1875

Property Details for 1250 West 83rd Street

Total Units
6.0
Lot Size Source
Assessor
Building Area Total
3065
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
6033004001
Area
Metropolitan Southwest (C36)
LISTING UPDATED: 08/19/2024 06:13 AM

Property Details for 1250 West 83rd Street

StatusActive
MLS #SB24171616
Days on Market124
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1930
Lot Size0.07 AC / 3,065 SF
CountyLos Angeles County

Building Information for 1250 West 83rd Street

Stories2Residences-Year Built1930Building Size-Lot Size0.07 AC / 3,065 SF

Property Information for 1250 West 83rd Street

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $149,688
  • Vacancy Allowance: 7484
  • Vacancy Allowance Rate: 5
  • Net Operating Income: $118,453
  • Cap Rate: 8.0
Expense Details
  • Operating Expense: $21,234
  • Expense Year: $2,023
  • Insurance Expense: $3,000
  • Water Sewer Expense: $2,000
  • Real Estate Tax Expense: $18,750
Tax / Assessment Info
  • Tax Year: 2023
  • Tax Annual Amount: $18,750
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,301
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,973
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,950
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,950
  • Unit Type Type: 6

Property History for 1250 West 83rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1250 West 83rd Street

Taxable ValueLand$632,400Additions$275,400Total$907,800
Tax Record2024$11,695 ($975 / month)
Home Facts
Total Finished SqFt3,513 SqFtAbove Grade Finished SqFt3,513 SqFtLot Size3,065 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningLARD1.5CountyLOS ANGELESAPN6033-004-001

Schools near 1250 West 83rd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
La Salle Avenue Elementary School
Public - K to 5
Vox Collegiate of Los Angeles
Charter - 6 to 10
George Washington Preparatory High School
Public - 9 to 12
Alliance Piera Barbaglia Shaheen Health Services Academy
Charter - 9 to 12
Rating
School
Distance
La Salle Avenue Elementary School
PublicK to 5

Vox Collegiate of Los Angeles
Charter6 to 10

George Washington Preparatory High School
Public9 to 12

Alliance Piera Barbaglia Shaheen Health Services Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1250 West 83rd Street, Los Angeles, CA 90044

1250 West 83rd Street is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on August 19, 2024 by Casa Bella Realty Group, it's currently listed at $1,499,999. It has been on the market for a total of 124 days and was last sold on February 27, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include La Salle Avenue Elementary School, Vox Collegiate of Los Angeles and George Washington Preparatory High School. 1250 West 83rd Street is a 0-bed, 0-bath, 3,065 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Casa Bella Realty Group, Erica Ruiz, DRE #01350945

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.