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Los Angeles, CA 90001
Overview Location Location Property Info Property History Public Records Schools Similar Homes 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!
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
Compass CA Los Angeles 90001 Florence 831 East 83rd Street Listing Courtesy of On Track Property, Isaac Davidi, DRE #01819489
LISTING UPDATED: 05/22/2024 01:52 PM
Property Details for 831 East 83rd Street
Status Active MLS # 24-394823 Days on Market 1 Taxes - HOA Fees - Condo/Co-op Fees - Compass Type Multi Family MLS Type Residential Income Year Built 2023 Lot Size 0.12 AC / 5,101 SF County Los Angeles County
Compass CA Los Angeles 90001 Florence 831 East 83rd Street Listing Courtesy of On Track Property, Isaac Davidi, DRE #01819489
Building Information for 831 East 83rd Street
Stories 2 Residences - Year Built 2023 Building Size - Lot Size 0.12 AC / 5,101 SF
$10,401 per month
30 year fixed, 7.25% Interest
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
Number Of Buildings: 1
Type Of Units: Apartments
Security Features: Fire Sprinklers, Gated
Property Condition: New Construction
Income & Expenses Information
Income & Expenses Information
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
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
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
Tax and Assessed Info
Assessed Land Value: $408,000.00
Assessed Land Percent: 80
Assessed Total Value: $510,000.00
Property History for 831 East 83rd Street
Date Event & Source Price Appreciation
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 831 East 83rd Street
Taxable Value Land $408,000 Additions $102,000 Total $510,000
Tax Record 2023 $13,808 ($1,151 / month)
Home Facts
Beds 2 Total Finished SqFt 1,027 SqFt Above Grade Finished SqFt 1,027 SqFt Stories 1 Lot Size 5,099 SqFt Style Single Family Residence Year Built 1929 Zoning LAR2 County LOS ANGELES APN 6029-014-008
Schools near 831 East 83rd Street
This home is within
Los Angeles Unified School District
.
Rating
School
Type
Grades
Distance
3 /10 Public - Serves this home K to 6 0.3 mi 2 /10 Public - Serves this home 7 to 8 0.7 mi 2 /10 Public - Serves this home 9 to 12 0.7 mi 2 /10 Public - Choice school 9 to 12 0.5 mi
Rating
School
Distance
3 /10 0.3 mi 2 /10 0.7 mi 2 /10 0.7 mi 2 /10 0.5 mi
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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Homes for Sale near Florence Neighborhoods Florence-Graham Green Meadows Florence Central Alameda South Park South Los Angeles Walnut Park Southeast LA Vernon Broadway Watts Vermont-Slauson Vermont Knolls Metropolitan Southwest Vermont Vista Vermont Square South Central LA Figueroa Boulevard Los Angeles Southwest Metropolitan Cities Los Angeles Huntington Park South Gate Lynwood Bell Cudahy Maywood Compton Commerce Inglewood East Los Angeles Gardena Hawthorne Bell Gardens Downey Paramount Carson Monterey Park Long Beach Torrance ZIPs 90058 90002 90003 90011 90255 90280 90037 90044 90262 90059 90061 90201 90007 90270 90023 90062 90047 90021 90089 90222 More information about 831 East 83rd Street, Los Angeles, CA 90001 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. It has been on the market for a total of 1 days and was last sold on December 14, 2021. 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.