1346 West 83rd Place

Los Angeles, CA 90044

$1,099,000
Price
9
Beds
5
Baths
2,324 Sq. Ft.
$473 / Sq. Ft.
2,324
Sq. Ft.
$473
per Sq. Ft.

Description

Great investment opportunity here in the city of Los Angeles. The property is 10 minutes away from the Rams/Sofi stadium, the USC soccer stadium, and also the new Intuit Dome, an arena under construction in Inglewood, California located south of SoFi Stadium. It will be the home of the Los Angeles Clippers of the National Basketball Association (NBA). Amazing income property. 3 units were upgraded with laminated floors, new kitchens, remodeled bathrooms. Great investment for future development and...Great investment opportunity here in the city of Los Angeles. The property is 10 minutes away from the Rams/Sofi stadium, the USC soccer stadium, and also the new Intuit Dome, an arena under construction in Inglewood, California located south of SoFi Stadium. It will be the home of the Los Angeles Clippers of the National Basketball Association (NBA). Amazing income property. 3 units were upgraded with laminated floors, new kitchens, remodeled bathrooms. Great investment for future development and the zoning is a R1.5 zone! Total of 4 units. Each unit has a separate meter for gas and electricity. This is a great investment opportunity you do not want to miss out. 3 Units are generating $5200 already. A lucrative income potential with its current gross rents per month and remarkably low operating expenses. Owner is highly motivated. submit subject to interior inspection. Property sold in its AS-IS condition. Open house Saturday (03/09/2024) and Sunday (03/10/2024) from 10am to 2pm. Showing Agent will show ONLY Front Unit and front/back of the property but will not show the rest of the units. Please, Do Not Disturb the tenants of the units 2-4. You cannot go on your own, the showing agent must be present with you at all times.
  1. Listed by Jose Ortiz • DRE #01773075 • Brokerage DRE #00680645 • Lovett & Associates, REALTORS

Property Details for 1346 West 83rd Place

Architectural Style
Traditional
View
City Lights, Neighborhood
Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Lovett & Associates, REALTORS, Jose Ortiz, DRE #01773075
Add your commute
LISTING UPDATED: 03/10/2024 07:14 AM

Property Details for 1346 West 83rd Place

StatusActive
MLS #DW24037323
Days on Market69
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.14 AC / 5,899 SF
CountyLos Angeles County

Location

Listing Courtesy of Lovett & Associates, REALTORS, Jose Ortiz, DRE #01773075
Add your commute

Virtual Tour

Building Information for 1346 West 83rd Place

Stories2Residences-Year Built1951Building Size-Lot Size0.14 AC / 5,899 SF

Payment Calculator

$6,839 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,998

Property Taxes

$841

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1346 West 83rd Place

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $110,400
  • Net Operating Income: $91,124
  • Gross Multiplier: 10.05
  • Cap Rate: 8.29
  • Current Financing: VA
Expense Details
  • Operating Expense: $19,276
  • New Taxes Expense: $13,738
  • Licenses Expense: $320
  • Pest Control Expense: $556
  • Electric Expense: $1,062
  • Insurance Expense: $1,532
  • Trash Expense: $0
  • Water Sewer Expense: $2,068
  • Total Expenses: $19,276
Tax / Assessment Info
  • Tax Annual Amount: $9,066
  • Tax Tract Number: 2382
  • Tax Census Tract: 2382.00
  • CFD/Mello-Roos Fee: $447
  • Tax Lot: 18
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Tankless Water Heater, Trash Compactor, Water Heater
  • Equipment: Gas Or Electric Dryer Hookup, Microwave, Trash Compactor
  • Interior Features: Ceiling Fan(s), Granite Counters, Recessed Lighting
  • Room Type: All Bedrooms Down, Entry, Living Room
  • Bedroom Features: All Bedrooms Down
  • Water Heater Features: Gas, Tankless
  • Water Heater Type: Gas, Tankless
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central, Wall
  • Heating: Central, Wall Furnace
  • Flooring: Laminate, Tile
Exterior Features
  • Door Features: Double Door Entry, Mirror Closet Door(s)
  • Window Features: Blinds, Double Pane Windows, Screens
  • Security Features: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Gated Community, Security System, Smoke Detector(s), Window Bars
  • Security: Gated Community, Security Bars
  • Construction Materials: Drywall Walls, Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Lighting, Rain Gutters
  • Roof: Composition, Shingle
  • Entry Location: Street
  • Fence: Yes
  • Fence: Chain Link, Wrought Iron
  • Fencing: Block, Chain Link, Wrought Iron
  • Foundation Details: Raised, Slab
  • Other Structures: Storage
  • Property Condition: Fixer, Repairs Major, Updated/Remodeled
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Level with Street, Rectangular Lot, Paved, Up Slope from Street
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property, Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned, Driveway, Garage, Garage - 1 Car, Gated
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Assigned, Driveway, Concrete, Paved, Garage, Garage - Single Door, Gated
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Range: 4
  • Number With Disposal: 4

Property History for 1346 West 83rd Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1346 West 83rd Place

Taxable ValueLand$428,879Additions$289,694Total$718,573
Tax Record2023$10,092 ($841 / month)
Home Facts
Total Finished SqFt2,115 SqFtAbove Grade Finished SqFt2,115 SqFtLot Size5,897 SqFtStyleQuadraplexYear Built1951ZoningLARD1.5CountyLOS ANGELESAPN6033-004-017

Schools near 1346 West 83rd Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
La Salle Avenue Elementary School
PublicK to 5

Vox Collegiate of Los Angeles
Charter6 to 8

George Washington Preparatory High School
Public9 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.

Similar Homes

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1346 West 83rd Place is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on February 22, 2024 by Lovett & Associates, REALTORS, it's currently listed at $1,099,000. It has been on the market for a total of 69 days and was last sold on May 10, 2019. 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. 1346 West 83rd Place is a 9-bed, 5-bath, 2,324 sqft multi-family home built in 1951.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lovett & Associates, REALTORS, Jose Ortiz, DRE #01773075

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.