1019 E 84th Place, Los Angeles, California 90001, Los Angeles, 90001 - 0 bed, 0 bath
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Los Angeles, California 90001
This High-Potential Investment Opportunity is a 2022 New Construction Triplex listed at $1,669,000, positioned slightly above the $1,600,081 Fair Market Value. As a Non-Rent Controlled Asset with a 6.72% Cap Rate, this property offers immediate, stabilized cash flow with zero deferred maintenance. The Excellent Condition Rating and modern 5-bed/3.5-bath units ensure long-term tenant appeal in a high-demand rental market. This turnkey, fully leased asset is the ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a low-risk, income-generating portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1019 E 84th Place Subject | $1,669,000* List Price | 0 | 0 | 4,833 | $331 | - |
A 804 76th Pl Sold | $1,195,000 | 10 | 6 | 3,793 | $315 | 0.6 mi |
B 804 76th Pl Sold | $1,195,000 | 0 | 0 | 3,715 | $322 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a 2022 new construction triplex, making it approximately 4 years old. It features modern systems, contemporary finishes, and the listing explicitly states there is no deferred maintenance, meeting all criteria for excellent condition.
Built in 2022, this triplex features updated systems and contemporary finishes, offering significant tax depreciation benefits and eliminating the need for immediate capital expenditures or deferred maintenance.
The property boasts a stabilized 6.72% cap rate and is non-rent controlled, providing investors with strong immediate cash flow and the rare flexibility to adjust rents to market rates in the regulated Los Angeles market.
The asset is fully leased with quality tenants, removing lease-up risk and making it an ideal, 'ready-to-close' solution for 1031 exchange buyers seeking a stabilized income stream.
The surrounding public schools have low performance ratings, with some as low as 1 out of 10, which may limit the long-term appeal for families and impact future resale demand.
The inclusion of two large 5-bedroom units suggests high occupant density per unit, which typically results in increased wear and tear and more intensive property management oversight.
New 2022 Non-Rent Controlled Triplex | Fully Leased | 6.72% Cap Rate Exceptional investment opportunity in Green Meadows, in Los Angeles. This new 2022 construction triplex is fully leased, non-rent controlled, and generating strong income from day one, making it an ideal acquisition for portfolio investors and 1031 exchange buyers alike. The property features 2 spacious 5-bed/3.5-bath units and 1, 3-bed/2.5-bath unit totaling 4833 sq ft of modern new construction. All 3 units are currently occupied with quality tenants, delivering a stabilized 6.72% cap rate with zero lease-up risk and no deferred maintenance. Updated systems and contemporary finishes throughout ensure long-term durability and tenant appeal. For 1031 exchange investors, this property checks every box, turnkey, fully occupied, and ready to close. New construction maximizes your depreciable basis, sheltering exchanged gains while providing a long runway of appreciation ahead. As a non-rent-controlled asset, owners retain full flexibility on future rental increases, a significant advantage in today's increasingly regulated LA rental market. Ideally located with a Walk Score of 76 and strong transit access, including Firestone Station just minutes away and LAX only 18 minutes out. Close proximity to major employment corridors, shopping, parks, and schools drives consistent tenant demand and low vacancy. Whether you're completing a 1031 exchange or looking for a fresh capital, or expanding your portfolio, this is the turnkey, cash-flowing, new construction asset serious investors don't pass up.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,833 | 2,250 |
| Lot Size | 5,743 | 5,864 |
| Price | $1.67M | $826.7K |
| Price per sq ft | $345 | $395 |
| Built year | 2022 | 1925 |
| HOA | $0 | $0 |
| Days on market | 23 | 83 |
Jun 29, 2026
$1,669,000
Initial Listing
Mar 21, 2024
$1,600,000
Public Record
Jul 27, 2021
$475,000
Public Record