831 East 83rd Street

Los Angeles, CA 90001

$1,695,000
Price
15
Beds
9
Baths
4,813 Sq. Ft.
$352 / Sq. Ft.
4,813
Sq. Ft.
$352
per Sq. Ft.

Description

Welcome to a dream income producing investment opportunity! This expansive 15 bed 9 bath three unit property located conveniently on 83rd and Avalon is your way to capitalize immediately on real rents! Consisting of three 5 Bed 3 bath units rented out at $4,200 each, the property requires very little maintenance and enables effortless management. Each unit comes with on site parking, generous open floor plans, and brand new appliances keeping tenant turnover low and making it very attractive to prospective...Welcome to a dream income producing investment opportunity! This expansive 15 bed 9 bath three unit property located conveniently on 83rd and Avalon is your way to capitalize immediately on real rents! Consisting of three 5 Bed 3 bath units rented out at $4,200 each, the property requires very little maintenance and enables effortless management. Each unit comes with on site parking, generous open floor plans, and brand new appliances keeping tenant turnover low and making it very attractive to prospective renters. Capitalize now on this 6.88% cap rate 3 unit building!
  1. Listed by Isaac Davidi • DRE #01819489 • Brokerage DRE #01819489 • On Track Property

Property Details for 831 East 83rd Street

Zoning
LAR2
Parcel Number
6029014008
Total Units
3.0
Living Area
4813
Source Living Area
Builder
Area
Metropolitan South (C37)
Vacancy Rate
Occupied
Lot Size Area
5101

Location

Listing Courtesy of On Track Property, Isaac Davidi, DRE #01819489
Add your commute
LISTING UPDATED: 05/29/2024 12:01 AM

Property Details for 831 East 83rd Street

StatusActive
MLS #24-394823
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.12 AC / 5,101 SF
CountyLos Angeles County

Location

Listing Courtesy of On Track Property, Isaac Davidi, DRE #01819489
Add your commute

Building Information for 831 East 83rd Street

Stories2Residences-Year Built2023Building Size-Lot Size0.12 AC / 5,101 SF

Payment Calculator

$9,250 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,250

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 831 East 83rd Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: Fire Sprinklers, Gated
  • Property Condition: New Construction
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $151,200
  • Net Operating Income: $116,424.00
  • Gross Income: $151,200
  • Cap Rate: 6.88%
  • Gross Rent Multiplier: $11.21
  • Owner Pays: Gardener
  • Total Annual Expense: 34776
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1171
  • Lot Size Square Feet: 5101
  • Lot Size Dimensions: 40x128
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 4
  • Covered Parking: 2
  • Carport Spaces Total: 2
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Stackable W/D Hookup, Hood Fan, Freezer, Range/Oven, Refrigerator
  • Common Walls: Attached
  • Laundry: Stackable
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,200.00
  • Unit Actual Rent: $4,200.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,200.00
  • Unit Actual Rent: $4,200.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,200.00
  • Unit Actual Rent: $4,200.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $102,000.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $408,000.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $510,000.00

Property History for 831 East 83rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 831 East 83rd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mckinley Avenue Elementary School
PublicK to 6

Charles Drew Middle School
Public7 to 8

John Hope Continuation 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.

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831 East 83rd Street is a multi-family home for sale in Los Angeles, CA 90001. This property was listed for sale on May 21, 2024 by On Track Property, it's currently listed at $1,695,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Mckinley Avenue Elementary School, Charles Drew Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 831 East 83rd Street is a 15-bed, 9-bath, 4,813 sqft multi-family home built in 2023.

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 On Track Property, Isaac Davidi, DRE #01819489

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.