826 E 83rd Street, Los Angeles, California 90001, Los Angeles, 90001 - 3 bed, 2 bath
ACTIVE$625,000
826 E 83rd Street, Los Angeles, California 90001
3Beds
2Baths
1,156Sqft
5,096Lot
Year Built
1927
Close
-
List price
$625K
Original List price
$625K
Price/Sqft
$541
HOA
-
Days on market
-
Sold On
-
MLS number
IV25144508
Home ConditionGood
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Possibly Over-Priced:The estimated price is 32% below the list price. We found 3 Cons,5 Pros. Rank: price - $625.0K(69th), sqft - 1156(58th), beds - 3(50th), baths - 2(54th).
This charming Spanish-style home, sits on one of the larger lots you'll find in Los Angeles. With over 5,000 square feet of land, there's incredible potential to build multifamily units or add an ADU in the back. The property was recently remodeled and includes modern finishes throughout. The home is tenant occupied so please do not disturb the tenants. Showings will be by appointment only. Whether you're an investor or a buyer looking for space and upside, this is a rare chance to secure a property with both style and future potential.
Nearby schools
3/10
Mckinley Avenue Elementary School
Public,•K-6•0.3mi
3/10
South Park Elementary School
Public,•K-6•0.5mi
5/10
Russell Elementary School
Public,•K-6•0.5mi
5/10
Wisdom Elementary School
Public,•K-6•0.7mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•0.9mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.0mi
4/10
Sixty-Sixth Street Elementary School
Public,•K-6•1.2mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•1.7mi
3/10
Sixty-First Street Elementary School
Public,•K-6•2.0mi
1/10
Charles Drew Middle School
Public,•6-8•0.7mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.2mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.3mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•0.7mi
Price History
Date
Event
Price
11/08/01
Sold
$140,000
Condition Rating
Good
The property, built in 1927, has been recently remodeled with updated flooring, paint, and recessed lighting, making it move-in ready. The kitchen features traditional wood cabinets and granite countertops, which are clean and functional but not high-end modern. Bathrooms are also updated with clean fixtures and tiling, though one has a basic shower stall and the other a clawfoot tub, indicating a refresh rather than a full luxury renovation. Overall, the home is well-maintained and requires no immediate renovations, aligning with a 'Good' condition score.
Pros & Cons
Pros
Significant Development Potential: The property sits on a large 5,096 sq ft lot, offering excellent potential for adding an Accessory Dwelling Unit (ADU) or multi-family units, appealing to investors and those seeking future value.
Recent Remodel & Modern Finishes: The home has been recently remodeled and includes modern finishes throughout, providing a move-in ready condition and reducing immediate renovation needs for a buyer.
Charming Architectural Style: The property is a charming Spanish-style home, which often appeals to buyers looking for character and unique aesthetic appeal.
Desirable City Lights View: The property offers a desirable 'City Lights' view, enhancing its aesthetic appeal and potentially increasing its market value.
Spacious Lot for Urban Area: A lot size of over 5,000 square feet is notably generous for Los Angeles, providing ample outdoor space and flexibility for various uses.
Cons
Tenant Occupancy & Showing Limitations: The property is tenant-occupied with showings strictly by appointment, which can complicate and limit access for potential buyers, potentially extending market time.
Age of Property: Built in 1927, the home, despite recent remodels, may still present challenges associated with older construction, such as potential for unseen infrastructure issues (e.g., plumbing, electrical).
Automated Valuation Discrepancy: The listing price of $625,000 is significantly higher than the automated estimation value of $423,170.80, which could raise questions about market value and financing for some buyers or lenders.