
1250 W 83rd St Los Angeles, CA 90044
Vermont Knolls NeighborhoodEstimated payment $9,610/month
About This Home
FANTASTIC INVESTMENT OPPORTUNITY! Located in vibrant South Los Angeles! This beautiful remodeled 6-U property offers 4 desirable 1B/1BATH units and 2 cozy studios.
Recent upgrades include new flooring throughout, fresh interior paint, and modern lighting and fixtures. Some new plumbing and electrical systems
Windows provide ample natural light and improved energy efficiency.
Enjoy the low maintenance charm of new artificial grass, complemented by an outdoor privacy gate for added security and seclusion.
This is an ideal investment for both seasoned and new investors alike with a 8% cap rate! Expenses such as property taxes are calculated based on current listed price. Insurance and water expenses are based on current fees.
Dont miss out on this exceptional opportunity!!
DRIVE BY ONLY DO NOT DISTURB TENANTS
Buyer to cooperate with seller's 1031 exchange at no cost to buyer
Listing Agent
Casa Bella Realty Group Brokerage Phone: 310-951-1875 License #01350945 Listed on: 08/06/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 3,065 Sq Ft Lot
- 1 Common Wall
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
Home Design
- Apartment
Interior Spaces
- 3,513 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 6033
- Assessor Parcel Number 6033004001
- $808 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,000
- Other Expense $7,484
- Water Sewer Expense $2,000
- New Taxes Expense $18,750
- Operating Expense $28,234
- Gross Income $142,203
- Net Operating Income $118,453
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/06/2024 08/06/24 | For Sale | $1,499,999 | +96.1% | $427 / Sq Ft |
01/31/2019 01/31/19 | Sold | $765,000 | -3.0% | $218 / Sq Ft |
01/04/2019 01/04/19 | Pending | -- | -- | -- |
01/03/2019 01/03/19 | For Sale | $788,888 | +43.4% | $225 / Sq Ft |
08/23/2017 08/23/17 | Sold | $550,000 | 0.0% | $157 / Sq Ft |
08/14/2017 08/14/17 | Pending | -- | -- | -- |
08/01/2017 08/01/17 | For Sale | $550,000 | -- | $157 / Sq Ft |
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Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24162218

APN: 6033-004-001
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