823 W 81st, Los Angeles, California 90044, Los Angeles, 90044 - 7 bed, 5 bath
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823 W 81st
Los Angeles, California 90044
ACTIVE
CONDITION: FAIR
7Beds
5Baths
3,144Sq Ft
9,304Lot Size
Property Price
LIST PRICE$1,299,999
EST. MARKET VALUE
$1,068,549
21% AboveMARKET VALUE
SUMMARY
This 5-unit multifamily property represents a High-Potential Investment Opportunity, listed at $1,350,000—positioned above the $1,206,227 Fair Market Value. While the property requires capital for modernization due to its Condition Rating of 4, it offers a diversified income stream across three buildings on a large 9,304 sq. ft. lot. With five on-site parking spaces and recent interior improvements, this asset is well-positioned for long-term rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to scale their Los Angeles portfolio.
Estimated Market Value
$1,068,549
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 823 W 81st Subject 7 bd · 5 ba · 3,144 sqft · $340 | $1,299,999* List Price | 7 | 5 | 3,144 | $340 | - |
A 6927 Estrella Avenue Sold 0 bd · 0 ba · 2,960 sqft · $334 · 0.8 mi | $988,000 | 0 | 0 | 2,960 | $334 | 0.8 mi |
B 9128 Menlo Active 8 bd · 4 ba · 2,546 sqft · $462 · 0.9 mi | $1,175,000 List Price | 8 | 4 | 2,546 | $462 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1923, this century-old property is dated despite recent cosmetic improvements like new flooring and cabinetry in two of the five units. The exterior shows signs of age with window AC units and exposed wiring, suggesting that while functional, the majority of the units and core systems require further modernization and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- High-Yield Investment Potential
This 5-unit multifamily asset features three separate buildings on a large lot, providing a diversified income stream and strong long-term rental potential in the competitive Los Angeles market.
- Recent Interior Improvements
The property boasts recent upgrades including new flooring throughout all units and modernized cabinetry in two units, reducing immediate capital expenditure and increasing tenant appeal.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 6.
- Century-Old Infrastructure
Originally constructed in 1923, the property may require ongoing maintenance or significant capital improvements to aging structural, plumbing, and electrical systems common in vintage buildings.
- Low Local School Ratings
The surrounding public schools are rated poorly, with most nearby institutions scoring a 2 out of 10, which may limit the appeal for long-term family tenants and impact appreciation.
About 823 W 81st
Excellent opportunity to acquire a 5-unit, 7-bedroom multifamily investment property in Los Angeles, situated on a 9,304 sq. ft. lot with three separate buildings. The property features a desirable unit mix, on-site parking for five vehicles, and recent improvements, including new flooring throughout and updated cabinetry in two units. Convenient access to major roadways enhances its appeal to tenants. Whether expanding an existing portfolio or purchasing your first income-producing property, this offering presents an opportunity for long-term ownership in the Los Angeles rental market.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1923
- Lot Size
- 9,304 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Danny J. Bakewell, Sr., Primary Center
Grades K • 0.5 mi
0/10
Manchester Avenue Elementary School
Grades 1-6 • 0.5 mi
4/10
Raymond Avenue Elementary School
Grades K-5 • 0.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 4.5 |
| Baths | 5.0 | 2.9 |
| Square foot | 3,144 | 2,090.331 |
| Lot Size | 9,304 | 5,852.908 |
| Price | $1.30M | $830.9K |
| Price per sq ft | $413 | $394 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 55 | 87 |
Pricing History
Listed for Sale
Oct 15, 2026
$1,299,999
$1,350,000
-4% Price Drop
Initial Listing
Price Change
Sep 15, 2026
$1,350,000
Initial Listing