2 months on rocket

843 W 82nd St, Los Angeles, CA, 90044

$3,500,000

0.21 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeOther
ViewNone
MLS #24358681
Lot Size0.21 Acres
StatusActive

About 843 W 82nd St

This is an affordable housing development opportunity at 843 W82nd St, located between S Vermont Ave and S Hoover St inSouth Los Angeles. The 9,301 SF lot will be delivered fully entitled for87 income-restricted housing units and 1 manager unit with no parking required.The project's central infill location and proximity to major employment hubs such as Downtown LA, Vernon, Commerce, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8.Plans call for an efficient five story project, utilizing Type III construction for a fully stacked design reducing construction costs for the developer. The existing duplex will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects.The finished project totals 48,123 SF and has a desirable unit mix of 4 x singles, 79 x one-bedrooms, and 5 x two-bedrooms.The project is offered at a low price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies. In addition, the affordability of the projects opens avenues of mission driven financing through CDFIs or mission driven lenders (contact agent for details). Located in a dense location of South Los Angeles with an easy commute throughout the city with access to the 110 Freeway from Manchester Ave; walking distance to multiple Metro local lines on S Vermont Ave.The subject property is walking distance to retail amenities along S Vermont Ave; nearby to Loren Miller Elementary School, Frederick K.C. Price III Christian Schools, and the Algin Sutton Recreation Center.

Property Details

Property Features

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Neema Ahadian

Exterior Features

Exterior Information:

  • View: None

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

School Info

Assigned Schools Information:

  • John C. Fremont Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Mary Mcleod Bethune Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Manchester Avenue Elementary School, Public District Grades 1-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: 843 W 82nd is located between S Vermont Ave and S Hoover St in South Los Angeles.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,500,000

Tax Information:

  • Annual Amount: $6,509
  • Tax Year: 2021
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Housing Market Comparison

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

843 W 82nd St vs Los Angeles

76 DAYS ON ROCKET

+42 Days

$3,500,000

+$2.5M More

KEY TAKEAWAY

This property is $2.5M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24358681

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Neema Ahadian

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 6:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 14, 2016Home Sold
$475,000
May 12, 2015Home Sold
$296,500

Tax History

YEARPROP. TAXASSESSMENT
2021$6,509$519,479
2020$6,321$514,153
2019$6,194$504,073
2018$6,065$494,190
2017$6,065$484,500

History based on county public records data.

Payment Calculator

$17.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4580884
5
/10

  • Manchester Avenue Elementary School

  • 661 W 87th St

  • 0.39 miles

  • Public District Grades 1-6

school-card-donut-4580885
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 8.89 miles

  • Public Magnet Grades KG-6

school-card-donut-4580886
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 17.30 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-4580887
3
/10

  • Mary Mcleod Bethune Middle School

  • 155 W 69th St

  • 1.15 miles

  • Public Magnet Grades 6-8

school-card-donut-4580888
4
/10

  • Studio

  • 2211 W Avenue 30

  • 10.12 miles

  • Public District Grades 6-8

High School

school-card-donut-4580889
2
/10

  • John C. Fremont Senior High School

  • 7676 S San Pedro St

  • 1.17 miles

  • Public Magnet Grades 9-12

school-card-donut-4580890
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 6.68 miles

  • Public Magnet Grades 9-12

school-card-donut-4580891
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 19.86 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,091. Most Los Angeles, CA residents have annual incomes less than $35k. Residents typically live in single, with kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 843 W 82nd St

What is the listing price of this property?

The listing price of 843 W 82nd St property is $3,500,000.

What type of property is this?

The property 843 W 82nd St is land located in Los Angeles, California, 90044.

Is this property for sale now?

Active Listing: 843 W 82nd St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 843 W 82nd St are:
Manchester Avenue Elementary School: GreatSchools Rating 5/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Mary Mcleod Bethune Middle School: GreatSchools Rating 3/10
Studio: GreatSchools Rating 4/10
John C. Fremont Senior High School: GreatSchools Rating 2/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,509 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 14, 2016 for $475,000. (source: MLS/tax record).

How much acreage is this property?

The property 843 W 82nd St is 0.21 acres.
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Rocket Homes›California›Los Angeles County›Los Angeles›90044›843 W 82nd St

This home is located at 843 W 82nd St in Los Angeles, CA and zip code 90044 in the South LA neighborhood. This home sits on a 0.21 acre lot. It has been listed on Rocket Homes since February 15, 2024 and is currently priced at $3,500,000.

Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between March 2024 and April 2024 increased by 14.9%. In April 2024 median list price was $986,427 and the average listing age was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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