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Los Angeles, CA 90044 1346 W 83rd Place

$1,099,000

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Presented By: Jose Ortiz with Lovett & Associates, REALTORS;
  • MLS# DW24037323
  • 02/22/2024
  • Request Tour
  • Request Info
  • BedBeds • 9
  • BathBaths • 5
  • FootageSQFT • 2,324
  • GarageGarage • 2

Home Details

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.
Presented By: Jose Ortiz with Lovett & Associates, REALTORS;

Interior Features for 1346 W 83rd Place

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Tile
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, GasDryerHookup
Street SuffixPlace
Total Stories2
Window FeaturesBlinds, DoublePaneWindows, Screens

Other Rooms

Entry Level1

General for 1346 W 83rd Place

AccessibilityParking
Additional Parcels Y/NNo
AppliancesDisposal, GasOven, GasRange, GasWaterHeater, Microwave, TrashCompactor, TanklessWaterHeater, WaterHeater
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate8.29
Carport Y/NNo
CityLos Angeles
Community FeaturesStreetLights, Sidewalks, Gated
Construction MaterialsDrywall, Stucco
CoolingCentralAir
CountyLos Angeles
Current FinancingVA
Days on Market17
DirectionsWest of the 110
DisclosuresDeathOnProperty3yrs, RentControl
ElectricElectricityOnProperty, Standard
Electric Expense1062.0
Entry LocationStreet
Exterior FeaturesLighting, RainGutters
Garage Spaces2.0
Garage Y/NYes
Gross Income0.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral, WallFurnace
Home Warranty Y/NNo
Insurance Expense1532.0
Interior FeaturesCeilingFans, GraniteCounters, RecessedLighting, AllBedroomsDown
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoExistingLoan, CashtoNewLoan, Conventional, Submit
Lot Size Square Feet5899.0
MLS AreaC34 - Los Angeles Southwest
MobileHomeRemainsYNNo
Net Operating Income91124.0
New ConstructionNo
Number of Units Leased3
Open Parking Spaces2.0
Operating Expense19276.0
Other StructuresStorage
Pool FeaturesNone
PossessionClosePlus3Days
Private PoolNo
Property Attached Y/NYes
Property ConditionFixer, UpdatedRemodeled, RepairsMajor
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Shingle
Security FeaturesSecuritySystem, ClosedCircuitCameras, CarbonMonoxideDetectors, GatedCommunity, SmokeDetectors, WindowBars
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street Name83rd
Tax Annual Amount9066.0
Tax Lot18
Taxes$13,738
Tenant PaysElectricity, Gas
Total Actual Rent5200.0
Total Units4
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewCityLights, Neighborhood
View Y/NYes
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense2068.0
Waterfront Y/NNo
Year Built1951
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 1346 W 83rd Place

Building Area Total2324.0
Crops Included Y/NNo
Door FeaturesDoubleDoorEntry, MirroredClosetDoors
FencingBlock, ChainLink, WroughtIron
Foundation DetailsRaised, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre, BackYard, FrontYard, Paved, RectangularLot, StreetLevel, SlopedUp
Lot Size Acres0.1354
Lot Size Area5899.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Concrete, DoorSingle, Driveway, Garage, Gated, Paved
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,099,000
MLS#DW24037323
List Date 02/22/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors