This is an affordable housing development opportunity at 843 W82nd St, located between S Vermont Ave and S Hoover St inSouth Los Angeles. The 9,301 SF lot will be delivered fully entitled for87 income-restricted housing units and 1 manager unit with no parking required.The project's central infill location and proximity to major employment hubs such as Downtown LA, Vernon, Commerce, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8.Plans call for an efficient five story project, utilizing Type III construction for a fully stacked design reducing construction costs for the developer. The existing duplex will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects.The finished project totals 48,123 SF and has a desirable unit mix of 4 x singles, 79 x one-bedrooms, and 5 x two-bedrooms.The project is offered at a low price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies. In addition, the affordability of the projects opens avenues of mission driven financing through CDFIs or mission driven lenders (contact agent for details). Located in a dense location of South Los Angeles with an easy commute throughout the city with access to the 110 Freeway from Manchester Ave; walking distance to multiple Metro local lines on S Vermont Ave.The subject property is walking distance to retail amenities along S Vermont Ave; nearby to Loren Miller Elementary School, Frederick K.C. Price III Christian Schools, and the Algin Sutton Recreation Center.
Property Details
Property Features
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.21 Acres
Other
Directions Information:
Directions: 843 W 82nd is located between S Vermont Ave and S Hoover St in South Los Angeles.
Price Information
Listing Price Info
Price Summary:
List Price: $2,995,000
Tax Information:
Annual Amount: $6,509
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.9M 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: #24358681
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
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: 11/21/2024, 2:20:59 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
DATE
EVENT
PRICE
Jan 14, 2016
Jan 14, 2016Home Sold
$475,000
May 12, 2015
May 12, 2015Home Sold
$296,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$6,509
$519,479
2020
$6,321
$514,153
2019
$6,194
$504,073
2018
$6,065
$494,190
2017
$6,065
$484,500
History based on county public records data.
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NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Loren Miller Elementary School
830 W 77th St
Distance between this listing and this school0.33 miles
Public District Grades KG-6
6
/10
Kipp Empower Academy
8466 S Figueroa St
Distance between this listing and this school0.40 miles
Public Charter Grades KG-4
6
/10
Manchester Elementary School
661 W 87th St
Distance between this listing and this school0.43 miles
Public District Grades 1-6
Nearby Schools
3
/10
Kipp Academy of Opportunity
8500 S Figueroa St
Distance between this listing and this school0.43 miles
Public Charter Grades 5-8
7
/10
Vox Collegiate of los Angeles
1100 W Manchester Ave
Distance between this listing and this school0.46 miles
Public Charter Grades 6-8
2
/10
Bret Harte Preparatory
9301 S Hoover St
Distance between this listing and this school0.89 miles
Public District Grades 6-8
Nearby Schools
2
/10
Youth Opportunities Unlimited
915 W Manchester Ave
Distance between this listing and this school0.31 miles
Public District Grades 9-12
5
/10
Alliance Piera Barbaglia Shaheen Health Services Academy
8515 Kansas Ave
Distance between this listing and this school0.44 miles
Public Charter Grades 9-12
3
/10
John C. Fremont High School
7676 S San Pedro St
Distance between this listing and this school1.18 miles
The neighbors living near this home have an average income of $29,091. Most Los Angeles, CA residents have annual incomes less than $35k. Most families are single, with kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 843 W 82nd St
What is the listing price of this property?
The listing price of 843 W 82nd St property is $2,995,000.
What type of property is this?
The property 843 W 82nd St is land located in Los Angeles, California, 90044.
Is this property for sale now?
Active Listing: 843 W 82nd 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 $6,509 (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 14, 2016 for $475,000. (source: MLS/tax record).
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This home is located at 843 W 82nd St in Los Angeles, CA and zip code 90044 in the South LA neighborhood. This home sits on a 0.21 acre lot. It has been listed on Rocket Homes since February 15, 2024 and is currently priced at $2,995,000.
While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
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. 
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