1050 West 84th Place

Los Angeles CA 90044

3444 sq. ft.

5263 sq. ft.

Other

Last sold for $1,200,000

Jason Tuvia, last sold this property on 10 November 2022 after -3 days on market.

Overview

We are pleased to present a six (6) unit apartment building located at 1050 West 84th Place in Los Angeles, California. The subject property is positioned in a solid South Los Angeles location, north of Manchester Avenue and west of Vermont Avenue. Originally built in 1939, this property contains a good unit mix of two (2) newly constructed (2022) ADU studio / one bathroom units and four (4) one bedroom / one bathroom units. Spread across two (2) buildings, all the tenants have Section 8 which guarantees in place positive initial cash flow. Located in the coveted Vermont Knolls neighborhood of South LA, the property features lovely curb appeal, a lush front yard, and a relaxing center courtyard all in a quiet residential pocket with plenty of street parking adjacent to major commercial corridors on Manchester Avenue and Vermont Avenue. Los Angeles County's new Transit Oriented Vermont-Manchester mixed-use project, which was recently awarded $20 million, is also located less than a quarter mile away from the subject property. Tenants will enjoy being just minutes away from the Ram's SoFi Stadium, USC, and Downtown LA. Within walking distance residents can find great restaurant, retail, and recreational amenities such as Wingstop, Bamboo Garden, Alfredo's Mexican Food, Smart & Final, Beauty Supply, and Hardcore Training Gym. Outdoor recreation is also available less than half a mile away at Vermont Miracle Park. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for an any investor to capitalize on an initial 5.65% cap rate in a gentrifying market of Los Angeles.

Features

4 bedrooms

6 bathrooms

3444 sq. ft. floor area

5263 sq. ft. lot size

Other

Estimated Value

Based on this property and similar 4 bedroom other properties sold in Los Angeles over the last 12 months, the estimated median property value of 1050 West 84th Place is $697.5k.

Median value

$697.5k

Estimated value range

$575k - $920k

Median days on market

Estimated value trend

-6%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1050 West 84th Place

2022

Sold

$1,200,000

10 Nov 2022 by Jason Tuvia, of Marcus & Millichap

2020

Sold

$600,000

11 Aug 2020 by Janette Sterling, of Sterling Real Estate Group

2020

Sold

$600,000

11 Aug 2020 by Janette Sterling, of Keller Williams Premier Prop

Happy sellers in Los Angeles

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.