Los Angeles, CA 90044 1250 W 83rd Street
$1,499,999
16 more
Presented By: Erica Ruiz with Casa Bella Realty Group; 310-951-1875
- MLS# SB24162218
- 08/06/2024
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 4
Baths • 5
SQFT • 3,513
Garage • 4
Home Details
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
Presented By: Erica Ruiz with Casa Bella Realty Group; 310-951-1875
Interior Features for 1250 W 83rd Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 1250 W 83rd Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate8.0
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
CoolingNone
CountyLos Angeles
DirectionsWest of Vermont and North of 83rd ST
Electric Expense0.0
Entry Locationfront door
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income0.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense3000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToNewLoan
Lot Size Square Feet3065.0
Lot Size UnitsSquareFeet
MLS AreaC36 - Metropolitan Southwest
MobileHomeRemainsYNNo
Net Operating Income118453.0
New ConstructionNo
Number Of Units Total6
Operating Expense23750.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot2
Taxes$18,750
Tenant PaysCableTv, Electricity, Gas
Trash Expense0.0
Water Sewer Expense2000.0
Year Built1930
Year Built SourceAssessor
ZoningLARD1.5
Exterior for 1250 W 83rd Street
Building Area Total3513.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.0704
Lot Size Area3065.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate