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1250 W 83rd Street

Los Angeles (City), CA 90044
  • $1,499,999
  • STATUS: Active
  • ON SITE: 227 Days
  • MLS #: SB24162218
UPDATED: 198 min ago
$1,499,999
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Listing Agent(s): Erica Ruiz of Casa Bella Realty Group (310-675-2999)


Description

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 TENANTSBuyer to cooperate with seller's 1031 exchange at no cost to buyer

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-22T00:29:20.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/153394215
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1250 W 83rd Street Los Angeles (City), CA 90044

  • Price: $1,499,999
  • Status: Active
  • On Site: 227 Days
  • Updated: 198 min ago
  • MLS #: SB24162218
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1930
Built
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
Property Description
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 TENANTSBuyer to cooperate with seller's 1031 exchange at no cost to buyer
Exterior Features

Entry Level 1 Entry Location front door Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 6 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 8 Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 149688 Insurance Expense 3000 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 118453 New Construction YN No New Taxes Expense 18750 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 23750 Other Expense 7484 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Trash Expense 0 Vacancy Allowance Rate 5 Water Sewer Expense 2000 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-22T00:29:20.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Erica Ruiz of Casa Bella Realty Group (310-675-2999)