348 W 83rd Street, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This Modern Residential Income Duplex represents a Prime Investment Opportunity, with a List Price of $999,999—positioned well below the $1,025,750 Fair Market Value by 2%. This valuation provides $25,751 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the 2005 Modern Construction features Updated Flooring, Recessed Lighting, and a Private Patio. With a Detached Garage and gated parking, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 348 W 83rd Street Subject | $999,999* List Price | 0 | 0 | 2,660 | $386 | - |
A 431 W 81st St Sold | $920,000 | 7 | 3 | 2,539 | $362 | 0.2 mi |
B 217 E 77th Street Sold | $905,000 | 0 | 0 | 2,120 | $427 | 0.6 mi |
C 253 E 82nd Sold | $750,000 | 0 | 0 | 1,612 | $465 | 0.6 mi |
D 8410 S Grand Active | $1,099,997 List Price | 0 | 0 | 2,780 | $396 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, the property falls within the 20-year age bracket and is well-maintained. Recent updates include new laminate flooring, fresh interior paint, and recessed lighting. While the kitchen cabinetry and bathroom tile are dated to the original construction, the home is functional and move-in ready with updated electrical panels visible.
As a residential income duplex with multiple living spaces, this property offers excellent versatility for owner-users looking to house-hack or investors seeking strong rental yields in a high-demand Los Angeles market.
Built in 2005, this property is significantly newer than the typical century-old housing stock in the area, likely resulting in lower maintenance costs and more modern building systems.
The property features a detached garage, gated access, and a sizable yard with plenty of parking space, which is a premium feature for multi-unit living in high-density neighborhoods.
The list price of $999,999 represents a significant jump from its recent $850,000 sale in late 2024, which may present challenges for appraisal and investor ROI calculations.
While convenient for commuters, the close proximity to the 110 freeway can lead to increased noise pollution and air quality concerns, potentially impacting long-term tenant retention.
Excellent residential income opportunity located at 348 W 83rd St, Los Angeles, CA 90003. This versatile property features multiple living spaces, making it ideal for investors or owner-users seeking rental income potential. The front home offers a bright and open layout with updated flooring, recessed lighting, and spacious living areas filled with natural light. The kitchen is generously sized with ample cabinetry and workspace, providing functionality for everyday living. Bedrooms are well-proportioned, and bathrooms have been refreshed for comfort and convenience. Additional units provide strong income potential, with separate living areas that can accommodate tenants or extended family. The property also includes a detached garage, gated access, and a sizable yard with plenty of parking space—an added bonus for multi-unit living. Conveniently located near the 110 freeway, this property offers easy access to Downtown Los Angeles and surrounding areas. Close proximity to public transportation, shopping, dining, and schools makes it a highly desirable location for tenants. Whether you're looking to expand your investment portfolio or live in one unit while renting the others, this property presents a fantastic opportunity with great upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,660 | 2,120 | 65% |
| Lot Size | 5,585 | 5,202 | 81% |
| Price | $1000.0K | $760.0K | 81% |
| Price per sq ft | $376 | $360 | 56% |
| Built year | 2005 | 1925 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 190 | 2% |
Apr 19, 2026
$999,999
Initial Listing
Oct 1, 2024
$850,000
Public Record
Mar 2, 2011
$247,000
Public Record
May 13, 2005
$499,000
Public Record