141 W 83rd, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
141 W 83rd
Los Angeles, California 90003
Property Price
SUMMARY
Analysis of 141 W 83rd, Los Angeles, California 90003 is currently available with a list price of $899,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1964, the property underwent extensive renovations in 2018 with additional upgrades in 2022. The listing explicitly states 'modern finishes, new plumbing, windows, flooring, cabinetry, tankless water heaters, and mini-split A/C,' indicating that all major components are new or virtually new. The images confirm modern white kitchen cabinets, dark countertops, wood-look tile flooring, and mini-split AC units, aligning with current quality standards and a 'turnkey' condition. The bathroom, while having a slightly more traditional tile style, appears clean and well-maintained, consistent with a recent renovation.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential & ADU Value-Add
Income-producing triplex with approved ADU blueprints, offering significant future income potential ($7,200+/mo, 8% pro-forma cap) and immediate value-add opportunity.
- Extensive Modern Renovations
Recently updated in 2018 and 2022 with modern finishes, new plumbing, windows, flooring, cabinetry, tankless water heaters, and mini-split A/C, ensuring a turnkey condition.
- Turnkey & Low-Maintenance Operation
Positioned as a 'turnkey' property 'built for low-maintenance cash flow,' appealing to investors and owner-occupants seeking operational ease.
CONSRISKS & DEFICIENCIES
- Geographic Discrepancy & Market Perception
The MLS area listing as 'West Los Angeles' contradicts the 90003 postal code (South Los Angeles), potentially leading to different buyer expectations regarding neighborhood characteristics and market value.
- Compact Unit Sizes
The main triplex structure's 1504 sq ft suggests relatively small individual units, which might limit appeal to tenants or owner-occupants desiring more spacious living areas.
- Projected Income (Pro-Forma)
The attractive income and cap rate figures are 'pro-forma,' based on future ADU completion and market conditions, meaning current income may be lower and projections are not guaranteed.
About 141 W 83rd
Welcome to 141 West — a turnkey, income-producing triplex with approved ADU blueprints ready for permits! Beautifully updated in 2018 (with additional 2022 upgrades), this 4-bed, 3-bath property offers modern finishes, new plumbing, windows, flooring, cabinetry, tankless water heaters, and mini-split A/C. Sitting on a 5,340 sq ft lot with secure gated entry, laundry hookups for each unit, and ample parking — it’s built for low-maintenance cash flow. Approved architectural plans for a 2-bed, 1-bath 885 sq ft ADU let the next owner skip months of city review and unlock $7,200 +/mo potential income (˜ 8 % pro-forma cap). Perfect for investors or owner-occupants seeking a move-in-ready property with built-in upside — all in the vibrant heart of Los Angeles.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1964
- Lot Size
- 5,340 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,504 | 1,888 | 26% |
| Lot Size | 5,340 | 5,206 | 59% |
| Price | $899.9K | $770.0K | 77% |
| Price per sq ft | $598 | $370 | 92% |
| Built year | 1964 | 1923 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 130 | 204 | 31% |
Pricing History
Listed for Sale
Oct 27, 2025
$899,900
Initial Listing
Sold
Jul 18, 2013
$330,000
Public Record
Sold
Feb 5, 2004
$220,000
Public Record