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141 W 83rd, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

141 W 83rd, Los Angeles, California 90003 home-pic-0
ACTIVE$899,900
141 W 83rd, Los Angeles, California 90003
0Bed
0Bath
1,504Sqft
5,340Lot
Year Built
1964
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$598
HOA
-
Days on market
-
Sold On
-
MLS number
DW25238910
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $899.9K(81th), sqft - 1504(33th), beds - undefined(50th), baths - undefined(50th).

Welcome to 141 West — a turnkey, income-producing triplex with approved ADU blueprints ready for permits! Beautifully updated in 2018 (with additional 2022 upgrades), this 4-bed, 3-bath property offers modern finishes, new plumbing, windows, flooring, cabinetry, tankless water heaters, and mini-split A/C. Sitting on a 5,340 sq ft lot with secure gated entry, laundry hookups for each unit, and ample parking — it’s built for low-maintenance cash flow. Approved architectural plans for a 2-bed, 1-bath 885 sq ft ADU let the next owner skip months of city review and unlock $7,200 +/mo potential income (˜ 8 % pro-forma cap). Perfect for investors or owner-occupants seeking a move-in-ready property with built-in upside — all in the vibrant heart of Los Angeles.

Price History

Date
Event
Price
10/27/25
Listing
$899,900
07/18/13
Sold
$330,000
02/05/04
Sold
$220,000
Condition Rating
Excellent
The property, though originally built in 1964, has undergone extensive and recent renovations. The description explicitly states it was 'beautifully updated in 2018 with additional 2022 upgrades,' including modern finishes, new plumbing, windows, flooring, cabinetry, tankless water heaters, and mini-split A/C. The images confirm a modern aesthetic with wood-look tile flooring, white shaker-style kitchen cabinets, dark countertops, and contemporary appliances. These comprehensive updates, particularly those within the last 5 years, ensure that all major components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'excellent' condition.
Pros & Cons

Pros

Significant Value-Add with Approved ADU: The property includes approved architectural plans for a 2-bed, 1-bath 885 sq ft ADU, allowing the next owner to bypass lengthy city review and potentially unlock an additional $7,200+/month in income, leading to an estimated 8% pro-forma cap rate.
Extensive Modern Upgrades: Beautifully updated in 2018 with additional 2022 upgrades, featuring modern finishes, new plumbing, windows, flooring, cabinetry, tankless water heaters, and mini-split A/C, ensuring low immediate maintenance for a new owner.
Turnkey Income Property: Described as a 'turnkey, income-producing triplex' built for low-maintenance cash flow, making it an attractive and ready-to-operate investment for landlords or owner-occupants.
Tenant-Friendly Amenities & Security: Features secure gated entry, laundry hookups for each unit, and ample parking, enhancing tenant convenience, security, and overall appeal for renters.
Versatile Investment Appeal: Perfect for both investors seeking strong cash flow and owner-occupants looking for a move-in-ready property with built-in upside in a vibrant Los Angeles location.

Cons

Compact Unit Sizes: With 1504 sq ft for a triplex, individual units are likely compact, which may limit the tenant pool or rental income potential compared to properties offering larger living spaces.
Original Construction Age: While extensively updated, the property was originally built in 1964. Despite recent renovations, there could be underlying structural or older system components not explicitly mentioned as replaced that may require future attention.
Location Perception: Located in the 90003 postal code (South Los Angeles), which, despite being described as 'vibrant,' may carry certain market perceptions that could influence tenant demographics or resale value for some buyers.

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