1346 W 83rd Place

Los Angeles, CA 90044 View Map $1,099,000 Schedule a Tour
Sq.Ft. Lot5,899
Year1951

The Neal Weichel Group

(661) 284-5080

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Status: Active
Property Type:Quadruplex
MLS #:DW24037323
On Site:62 Days
Lot Size:5,899 Sq. Ft.
County:Los Angeles
Great investment opportunity here in the city of Los Angeles. The property is 10 minutes away from the Rams/Sofi stadium, the USC soccer stadium, and also the new Intuit Dome, an arena under construction in Inglewood, California located south of SoFi Stadium. It will be the home of the Los Angeles Clippers of the National Basketball Association (NBA). Amazing income property. 3 units were upgraded with laminated floors, new kitchens, remodeled bathrooms. Great investment for future development and the zoning is a R1.5 zone! Total of 4 units. Each unit has a separate meter for gas and electricity. This is a great investment opportunity you do not want to miss out. 3 Units are generating $5200 already. A lucrative income potential with its current gross rents per month and remarkably low operating expenses. Owner is highly motivated. submit subject to interior inspection. Property sold in its AS-IS condition.
Open house Saturday (03/09/2024) and Sunday (03/10/2024) from 10am to 2pm.
Showing Agent will show ONLY Front Unit and front/back of the property but will not show the rest of the units. Please, Do Not Disturb the tenants of the units 2-4. You cannot go on your own, the showing agent must be present with you at all times.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:1346 W 83rd Place, Los Angeles, CA 90044
Zip Code:90044

Architecture

Year Built:1951
Stories:2
Style:Traditional
Construction Materials: Drywall, Stucco
Building Area: 2324.0
Number of Buildings: 2
Total Units: 4
Stories Total: 2
Unit 1: 1 Unit • 3 Beds • 1 Bath • Partially • $3,000 pro forma
Unit 2: 1 Unit • 2 Beds • 1 Bath • Partially • $1,500 actual rent • $1,500 total rent • $2,000 pro forma
Unit 3: 1 Unit • 2 Beds • 2 Baths • Partially • $2,200 actual rent • $2,200 total rent • $2,200 pro forma
Unit 4: 1 Unit • 2 Beds • 1 Bath • Partially • $1,500 actual rent • $1,500 total rent • $2,000 pro forma
Roof: Composition, Shingle
Foundation: Raised, Slab
Garage Spaces: 2.0

Features / Amenities

Interior Features: Ceiling Fan(s), Granite Counters, Recessed Lighting, AllBedroomsDown
Appliances: Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Trash Compactor, Tankless Water Heater, Water Heater
Flooring: Laminate, Tile
Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Room Type: Bedroom, EntryFoyer, LivingRoom
Exterior Features: Lighting, Rain Gutters
Accessibility Features: Parking
Door Features: DoubleDoorEntry, Mirrored Closet Door(s)
Entry Level: 1
Entry Location: Street
Other Structures: Storage
Security Features: Security System, Closed Circuit Camera(s), Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s), Window Bars
Window: Blinds, Double Pane Windows, Screen(s)
Common Walls: 1 Common Wall
Parking Features: Assigned, Concrete, Door-Single, Driveway, Garage, Gated, Paved
Open Parking Spaces: 2.0
Parking Total: 4.0
Cooling: Central Air
Heating: Central, Wall Furnace

Rooms

Features
BedroomAllBedroomsDown
Entry/Foyer
Living Room

Property Features

Lot Size: 0.14 Acres / 5,899 Sq. Ft.
Lot Features: Item25UnitsAcre, Back Yard, Front Yard, Paved, Rectangular Lot, Street Level, Sloped Up
View: City Lights, Neighborhood
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Electric: ElectricityOnProperty, Standard
Road Frontage: City Street
Road Surface: Paved
Fencing: Block, Chain Link, Wrought Iron
Zoning:LARD1.5
Directions:West of the 110

Tax and Financial Info

Tax Annual Amount: $9,066
Current Financing: VA
Cap Rate: 8.29
Gross Scheduled Income: $110,400
Net Operating Income: $91,124
Electric Expense: $1,062
Insurance Expense: $1,532
New Taxes Expense: $13,738
Pest Control Expense: $556
Water/Sewer Expense: $2,068
Operating Expense: $19,276
Disclosures: Death On Property < 3 yrs, Rent Control

Listing Agent/Office

Agent:Jose Ortiz
Office:Lovett & Associates, Realtors
Broker Phone:562-450-6268

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1346 W 83rd Place Los Angeles,  CA 90044
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1346 W 83rd Place Los Angeles, CA 90044
 
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Based on information from California Regional Multiple Listing Service, Inc. as of April 24, 2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.