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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

  • Compass
  • CA
  • Los Angeles
  • 90001
  • Florence
  • 831 East 83rd Street

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

Add your commute

LISTING UPDATED: 05/22/2024 01:52 PM

Property Details for 831 East 83rd Street

StatusActive
MLS #24-394823
Days on Market1
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

  • Compass
  • CA
  • Los Angeles
  • 90001
  • Florence
  • 831 East 83rd Street

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

$10,401 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,250

Property Taxes

$1,151

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.

Public Records for 831 East 83rd Street

Taxable ValueLand$408,000Additions$102,000Total$510,000

Tax Record2023$13,808 ($1,151 / month)

Home Facts

Beds2Total Finished SqFt1,027 SqFtAbove Grade Finished SqFt1,027 SqFtStories1Lot Size5,099 SqFtStyleSingle Family ResidenceYear Built1929ZoningLAR2CountyLOS ANGELESAPN6029-014-008

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

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Sorry, we can't find any similar sold homes at this time. Please check back later.

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.

831 East 83rd Street, Los Angeles, CA 90001 | Compass (2024)

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