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146 83rd Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

146 83rd Street, Los Angeles, California 90003 home-pic-0
ACTIVE$775,000
146 83rd Street, Los Angeles, California 90003
0Bed
0Bath
1,800Sqft
5,084Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Duplex: This property is a versatile duplex offering immediate income potential, ideal for investors or owner-occupiers looking to offset mortgage costs by renting out one unit.
Top Cons:
Limited Bathroom-to-Bedroom Ratio: Each 3-bedroom unit features only one bathroom, which may not meet the needs of all potential tenants or owner-occupants, potentially limiting its market appeal or rental income potential compared to properties with more bathrooms.

Compared to the nearby listings

Price:$775.0K vs avg $750.0K (+$25,000)52%
Size:1,800 sqft vs avg 1,843 sqft50%
Price/sqft:$431 vs avg $37569%

More Insights

Built in 1990 (35 years old).
Condition: Built in 1990, this property is 34 years old. The interior, including the kitchen and bathroom, appears largely original or from an older renovation (15-20+ years ago). The kitchen features dated dark wood cabinets, older countertops, and a basic white gas range, with worn tile flooring. The bathroom is basic with an older vanity and standard tub/shower combo. The bedroom carpet is heavily stained and worn, requiring immediate replacement. While functional, the property shows significant signs of age and heavy use as a rental, necessitating substantial cosmetic updates and some repairs (like flooring) to enhance its appeal and meet current standards. Major components are functional but outdated, aligning with a 'Fair' condition.
Year Built
1990
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$431
HOA
-
Days on market
-
Sold On
-
MLS number
RS25218484
Home ConditionFair
Features
Patio
View-

About this home

Incredible Residential Income Opportunity in South Los Angeles. Discover this versatile duplex in the heart of South Los Angeles, a rare chance to own an income-producing property with unbeatable location and potential! Each unit is 3-beds and 1-bath. Whether you’re an investor expanding your portfolio or a first-time buyer eager to build equity, this property offers endless possibilities. Live in one unit and rent out the other, or lease both units for maximum returns. With an existing Section 8 tenant already in place, you can enjoy a steady income stream from day one. This duplex has served as a reliable rental property for years, making it a perfect addition to any rental portfolio. At an affordable price point, it’s also an accessible pathway to homeownership and the American Dream. Situated close to major public transportation, shopping hubs, and the 110 freeway, this property offers effortless access to Downtown Los Angeles, LAX, and Southern California’s favorite destinations, including Manhattan Beach, Redondo Beach, Long Beach, and all the region’s top attractions. Sports and entertainment fans will love being just minutes from SoFi Stadium, Intuit Dome, Dodger Stadium, and Crypto.com Arena, plus countless restaurants, nightlife, and cultural venues. Minutes from Southern California’s premier beaches, stadiums, and entertainment venues. Don’t miss this rare opportunity to own an income-producing property in one of LA’s fastest-growing neighborhoods. Schedule your showing today and take the first step toward growing your real estate portfolio or securing your dream home with built-in income potential!

Price History

Date
Event
Price
07/29/15
Sold
$400,000
Condition Rating
Fair
Built in 1990, this property is 34 years old. The interior, including the kitchen and bathroom, appears largely original or from an older renovation (15-20+ years ago). The kitchen features dated dark wood cabinets, older countertops, and a basic white gas range, with worn tile flooring. The bathroom is basic with an older vanity and standard tub/shower combo. The bedroom carpet is heavily stained and worn, requiring immediate replacement. While functional, the property shows significant signs of age and heavy use as a rental, necessitating substantial cosmetic updates and some repairs (like flooring) to enhance its appeal and meet current standards. Major components are functional but outdated, aligning with a 'Fair' condition.
Pros & Cons

Pros

Income-Generating Duplex: This property is a versatile duplex offering immediate income potential, ideal for investors or owner-occupiers looking to offset mortgage costs by renting out one unit.
Existing Section 8 Tenant: The presence of an existing Section 8 tenant provides a stable and reliable income stream from day one, reducing vacancy risk and ensuring consistent rental payments.
Strategic Location & Accessibility: Situated in South Los Angeles, the property boasts excellent connectivity to major public transportation, the 110 freeway, Downtown LA, and LAX, enhancing its appeal for commuters and tenants.
Proximity to Major Attractions: The location is minutes away from premier sports and entertainment venues like SoFi Stadium, Intuit Dome, Dodger Stadium, and Crypto.com Arena, as well as shopping, dining, and cultural venues, increasing tenant desirability.
Affordable Entry Point: Described as an 'affordable price point,' this property offers an accessible pathway to homeownership with built-in income potential or an attractive addition to an investment portfolio in a growing LA neighborhood.

Cons

Limited Bathroom-to-Bedroom Ratio: Each 3-bedroom unit features only one bathroom, which may not meet the needs of all potential tenants or owner-occupants, potentially limiting its market appeal or rental income potential compared to properties with more bathrooms.
Age of Construction (1990): Built in 1990, the property may have original systems and finishes that could require significant updates or maintenance in the near future, representing potential capital expenditure for a new owner.
Lack of Specific Upgrades Mentioned: The description does not highlight any recent renovations or modern amenities, suggesting the property might require cosmetic or functional upgrades to maximize its rental income or appeal to a broader tenant pool.

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