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1542 W 84th Street, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath

1542 W 84th Street, Los Angeles, California 90047 home-pic-0
ACTIVE$2,150,000
1542 W 84th Street, Los Angeles, California 90047
0Bed
0Bath
4,112Sqft
6,679Lot
Year Built
2024
Close
-
List price
$2.15M
Original List price
$2.2M
Price/Sqft
$523
HOA
-
Days on market
-
Sold On
-
MLS number
PW25091575
Home ConditionExcellent
Features
Patio
View-

About this home

We found 4 Cons,6 Pros. Rank: price - $2.15M(84th), sqft - 4112(79th), beds - undefined(50th), baths - undefined(50th).

We are pleased to present 1542 84th St, Los Angeles, a newly constructed 4plex in located just a few miles from SOFI stadium. This property features a two story triplex in the front and detached single story ADU in the back. With a total of 12 bedrooms and 11 bathrooms, each unit in the triplex features 3 spacious bedrooms and 2.5 baths. The ADU has 3 bedroom and 2 bathrooms. Each unit was constructed with modern designer finishes and features its own laundry areas. The triplex features a townhome style layout that is both spacious and functional. All of the units include a new HVAC system, tankless water heaters, paid off solar, and its own separate water meters. 2 of the units are vacant while the other 2 have just been filled with great tenants. Strategically located near public transportation, schools, freeways, parks, and SOFI Stadium, don't miss out on your chance to buy this brand new income producing property in LA!

Nearby schools

3/10
La Salle Avenue Elementary School
Public,•K-5•0.4mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.7mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.0mi
1/10
Horace Mann Junior High School
Public,•6-8•1.0mi
2/10
George Washington Preparatory High School
Public,•9-12•1.7mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.8mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.8mi
9/10
Middle College High School
Public,•9-12•4.0mi

Price History

Date
Event
Price
12/27/24
Sold
$1,800,000
07/31/24
Sold
$1,065,000
03/21/23
Sold
$675,000
01/25/21
Sold
$550,000
Condition Rating
Excellent
This property was built in 2024, making it brand new construction. The MLS description explicitly states 'newly constructed' with 'modern designer finishes,' 'new HVAC system,' 'tankless water heaters,' and 'paid off solar.' The images confirm this, showcasing pristine interiors with new wood-look laminate flooring, white shaker cabinets, new stainless steel appliances (some still with protective film), recessed lighting, and modern bathrooms with white subway tile, black fixtures, and contemporary vanities. There is no deferred maintenance or physical depreciation, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Brand New Construction: Built in 2024, this property offers modern design, minimal immediate maintenance, and appeals to tenants seeking contemporary living spaces and amenities.
Strong Income Potential: As a newly constructed 4-plex (triplex + detached ADU), it provides diversified rental income streams with a total of 12 bedrooms and 11 bathrooms, enhancing investment stability.
Energy Efficiency & Modern Systems: Equipped with new HVAC systems, tankless water heaters, paid-off solar panels, and separate water meters for each unit, leading to lower operating costs and increased tenant appeal.
Strategic Location: Strategically located near SOFI Stadium, public transportation, schools, and freeways, enhancing tenant demand and potential for property value appreciation.
Versatile Unit Configuration: The property offers a total of 12 bedrooms and 11 bathrooms across its units (3 bed/2.5 bath for triplex units, 3 bed/2 bath for ADU), providing flexible rental options for various tenant demographics.

Cons

Recently Sold Property: The property was recently sold within the past year on 2024-12-27. The sold price is $1,800,000.00.
Partial Vacancy: Two of the four units are currently vacant, requiring the new owner to actively market and lease them, which could result in initial income gaps and leasing costs.
High Capital Outlay: The $2.15 million list price represents a significant investment, potentially narrowing the buyer pool and requiring substantial upfront capital or financing.
Mixed Local School Performance: While some schools are highly rated, several nearby public schools have lower performance ratings (e.g., 1s and 2s), which might be a consideration for family-oriented tenants.

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