164 W 84th Place, Los Angeles, California 90003, Los Angeles, 90003 - 5 bed, 4 bath
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Los Angeles, California 90003
This Century-Old Triplex Asset is listed at $669,999, offering a strategic entry point into the Los Angeles Unified district. While the $588,870 Fair Market Value reflects its current Condition Rating of 5, the property’s R3 Zoning and multi-unit layout provide a significant Value-Add opportunity. Investors can leverage the low current rents and the potential for a strategic assembly with the adjacent lot to maximize ROI. This high-density residential prospect is an ideal acquisition for Buy-and-Hold Investors or Developers focused on long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 164 W 84th Place Subject | $669,999* List Price | 5 | 4 | 2,064 | $285 | - |
A 231 W 88th Street Sold | $480,000 | 4 | 3 | 1,907 | $252 | 0.2 mi |
B 231 W 88th Street Sold | $480,000 | 0 | 0 | 1,907 | $252 | 0.2 mi |
C 350 E 97th Sold | $770,000 | 0 | 0 | 1,888 | $408 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921, this century-old triplex exhibits significant signs of deferred maintenance and aging infrastructure. Exterior images show heavily cracked concrete driveways, worn stucco, and exposed electrical wiring/conduit. The listing description explicitly notes that the property requires 'significant capital improvements.' While currently occupied, the lack of interior photos and the age of the structure suggest that major systems, kitchens, and bathrooms likely require substantial rehabilitation to meet modern safety and quality standards.
The property features a versatile triplex configuration consisting of a 3-bedroom back house and a front duplex, providing multiple revenue streams for an investor.
The R3 zoning designation offers significant upside for high-density residential development, making it an attractive prospect for long-term value appreciation.
The availability of the adjacent property for sale presents a rare opportunity to acquire a larger contiguous lot for a more substantial development project.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5320, other record lot size in square feet = 5399. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2064, other record living area = 1081. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
Current rental rates are noted as low, which may limit immediate cash flow and require a strategic plan to transition units to market-rate pricing.
Built in 1921, the century-old structure likely requires significant capital improvements and ongoing maintenance to meet modern standards.
Back house features 3 bdrms and 2 baths (additional room with bathroom behind) Front duplex features 2- 1 bdrms. All information deemed reliable but not guaranteed. Adjacent property also for sale. R3 zoning. Rents are low.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 0.0 | 89% |
| Baths | 4.0 | 0.0 | 96% |
| Square foot | 2,064 | 1,907 | 51% |
| Lot Size | 5,320 | 5,200 | 58% |
| Price | $670.0K | $760.0K | 27% |
| Price per sq ft | $325 | $360 | 31% |
| Built year | 1921 | 1925 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 191 | 2% |
Apr 2, 2026
$669,999
Initial Listing