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928 W 83Rd St

Los Angeles, CA 90044
  • $1,350,000
  • STATUS: Active
  • ON SITE: 26 days
  • MLS #: 21-732864
$1,350,000
  • 7
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,214
    SQFT
  • $420
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Description

An excellent opportunity to acquire a completely remodeled and turn key 7 unit apartment building in South Los Angeles. The remodel includes: new plumbing, new electrical, new tankless water heaters, new fire sprinkler system, part of the foundation was replaced, new windows, and a new roofing layer. The interiors have been remodeled with new modern laminate flooring, new kitchen cabinetry, new fixtures, stainless steel appliances, and new bathrooms. All units are occupied by section 8 tenants. The property also features ample on-site parking. Two units delivered vacant. The property is located within a strong and dense rental pocket of South Los Angeles. Tenants are within walking distance to Smart & Final and Manchester Ave Elementary School; and have convenient access to many local and and national retailers in the immediate area. Tenants also have easy access to the 105 and 110freeways so you can get to other parts of Los Angeles easily.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/117298749
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928 W 83Rd St Los Angeles, CA 90044

  • Price: $1,350,000
  • Status: Active
  • MLS #: 21-732864
7
Beds
0
Baths
0
½ Baths
0.21
Acres
3,214
SQFT
$420
$/SQFT
1922
Built
Neighborhood:
Metropolitan Southwest
County:
Los Angeles
Area:
Metropolitan Southwest
Property Description
An excellent opportunity to acquire a completely remodeled and turn key 7 unit apartment building in South Los Angeles. The remodel includes: new plumbing, new electrical, new tankless water heaters, new fire sprinkler system, part of the foundation was replaced, new windows, and a new roofing layer. The interiors have been remodeled with new modern laminate flooring, new kitchen cabinetry, new fixtures, stainless steel appliances, and new bathrooms. All units are occupied by section 8 tenants. The property also features ample on-site parking. Two units delivered vacant. The property is located within a strong and dense rental pocket of South Los Angeles. Tenants are within walking distance to Smart & Final and Manchester Ave Elementary School; and have convenient access to many local and and national retailers in the immediate area. Tenants also have easy access to the 105 and 110freeways so you can get to other parts of Los Angeles easily.
Exterior Features

Lot Size Area 9089 Other Structures None Parking Garage Other Total Parking 8

Interior Features

Baths Total 7.00 Common Walls Attached Cooling Central Equipment Other Heating Central

Property Features

Assessed Total Value 212445 Gross Income 119832 Gross Operating Income 116237 Like Units1 6 Like Units2 1 Net Operating Income 72325.00 Number Of Buildings 2 Number Of Units 7 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 43912 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Anubhav Kawatra DRE#01881930 of Anubhav Kawatra.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
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Rancho Mirage CA, 92270