4 months on rocket

1250 W 83rd St, Los Angeles, CA, 90044

$1,499,999

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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1250 W 83rd St, Los Angeles$1,499,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage4 spaces
Year Built1930
HeatingWall Furnace
CoolingNone
FireplaceNone
MLS #SB24162218
Lot Size0.07 Acres
StatusActive

About 1250 W 83rd St

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

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Stories: 2

Listing Office:

  • Office Name: Casa Bella Realty Group
  • Office Phone: (310) 951-1875
  • Listing Agent: Erica Ruiz

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: West of Vermont and North of 83rd ST

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,499,999

Tax Information:

  • Annual Amount: $9,696
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1250 W 83rd St vs Los Angeles

141 DAYS ON ROCKET

+103 Days

$1,499,999

+$478.4K More

KEY TAKEAWAY

This property is $478.4K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24162218

Listing Office:

  • Office Name: Casa Bella Realty Group
  • Office Phone: (310) 951-1875
  • Listing Agent: Erica Ruiz

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/26/2024, 1:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 31, 2019Home Sold
$765,000
Aug 23, 2017Home Sold
$575,000

Tax History

YEARPROP. TAXASSESSMENT
2021$9,696$788,383
2020$2,134$780,300
2019$7,267$586,500
2018$922$575,000
2017$922$44,732

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1643190
4
/10

  • Raymond Avenue Elementary

  • 7511 Raymond Ave

  • 0.56 miles

  • Public District Grades KG-5

school-card-donut-1643191
3
/10

  • La Salle Avenue School

  • 8715 La Salle Ave

  • 0.60 miles

  • Public District Grades KG-5

school-card-donut-1643192
4
/10

  • Loren Miller Elementary School

  • 830 W 77th St

  • 0.68 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,886. Residents of Los Angeles, CA typically earn less than $35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1250 W 83rd St

What is the listing price of this property?

The listing price of 1250 W 83rd St property is $1,499,999.

What type of property is this?

The property 1250 W 83rd St is a condo located in Los Angeles, California, 90044.

Is this property for sale now?

Active Listing: 1250 W 83rd St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $9,696 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 31, 2019 for $765,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1250 W 83rd St is 1930.

Rocket Homes›California›Los Angeles County›Los Angeles›90044›1250 W 83rd St

This home is located at 1250 W 83rd St in Los Angeles, CA and zip code 90044 in the South LA neighborhood. This home, which was built in 1930, sits on a 0.07 acre lot. It has been listed on Rocket Homes since August 06, 2024 and is currently priced at $1,499,999.

In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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