823 W 81st Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
823 W 81st Street
Los Angeles, California 90044
Property Price
SUMMARY
Analysis of 823 W 81st Street, Los Angeles, California 90044 is currently available with a list price of $1,400,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
The property was built in 1923, making it very old. While the listing mentions 'brand-new flooring throughout' and 'two units with newly installed cabinets,' the images reveal that other kitchens still have older wood cabinets and all units feature older white appliances. Bathrooms are basic and functional but not modern. The exterior shows significant age, and cooling appears to be via window AC units. The updates are primarily cosmetic and functional for tenants, but not extensive enough to modernize the entire property or all units. Major systems are likely original or very old, showing signs of being outdated, aligning with the 'fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Investment Opportunity
The property is explicitly marketed as a 'Prime 5-Unit Investment Property' and 'multi-family property/Commercial', offering significant potential for strong rental income and portfolio expansion.
- Desirable Location & Accessibility
Situated in a 'desirable location' near major highways, ensuring high tenant demand and convenient access for residents.
- Recent Cosmetic Upgrades
Features 'brand-new flooring throughout' and 'two units with newly installed cabinets', indicating some modernization and reducing immediate tenant turnover costs for those units.
CONSRISKS & DEFICIENCIES
- Age of Property & Potential Systemic Issues
Built in 1923, the property is over 100 years old, suggesting a high likelihood of aging infrastructure (plumbing, electrical, roof, HVAC) that may require substantial future capital expenditures beyond cosmetic updates.
- Incomplete Renovation Scope
While some units have new flooring and cabinets, the description does not detail updates for all five units or major building systems, implying potential deferred maintenance and further investment needed for full modernization.
- Data Inconsistencies & Missing Information
The property's square footage is listed as 1 sqft (a clear data error), and there's a discrepancy between the '5-Unit' description and 'Quadruplex' sub-type, making accurate valuation and assessment challenging without further clarification.
About 823 W 81st Street
Prime 5-Unit Investment Property for Sale! Don't miss this incredible opportunity to own a well-maintained 5-unit multi-family property/Commercial in a desirable location. Perfect for investors seeking strong rental income. Conveniently located near major highways, ensuring high tenant demand. This Property features brand-new flooring throughout and two units with newly installed cabinets. The Property does come with 5 Parking Spaces. Whether you're looking to expand your portfolio or start investing in real estate, this property offers great potential and long-term value. Contact us today for more details or to schedule a private showing!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1923
- Lot Size
- 9,304 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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
Manchester Avenue Elementary School
Grades 1-6 • 0.5 mi
Raymond Avenue Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1 | 2,004 | 12% |
| Lot Size | 9,304 | 6,253 | 94% |
| Price | $1.40M | $850.0K | 88% |
| Price per sq ft | $1.40M | $404 | 94% |
| Built year | 1923 | 1924 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 163 | 213 | 41% |
Pricing History
Listed for Sale
Sep 25, 2025
$1,400,000
Initial Listing
Price Change
Sep 24, 2025
$1,600,000
Initial Listing