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212 W 84th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

212 W 84th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$995,000
212 W 84th Street, Los Angeles, California 90003
0Bed
0Bath
3,952Sqft
5,400Lot
Year Built
1964
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
$252
HOA
-
Days on market
-
Sold On
-
MLS number
MB25060583
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $995.0K(88th), sqft - 3952(95th), beds - undefined(50th), baths - undefined(50th).

Calling All Next Gen/Extended Owner-Occupied Buyers: Live in 1 or 2 and rent the other 2 Units to offset the mortgage payment - Great Opportunity, Great Location! Great property! With these units you will have the opportunity to purchase an established 4- unit property with a mix of (1)-3bdr 2 bath, (2)-2bdr 1 bath, (1)-1bdr 1bath Unit - total square footage of 3,952 on a 5,400-square foot lot, zoned LAR3. This is a solid long term sustainable real estate investment just under $251.00 per square foot. Everywhere you turn there is growth neighboring this property. All units are individually metered for gas and electric, assigned parking on the premises. There is a separate laundry room on the property. We welcome your 1031 exchange here-do not miss out on this one of kind property. Commuters enjoy the close proximity to LAX, SoFi Stadium Hub, easy access to 110, 105 & the 10 Freeway, museums, concerts and matches at Crypto Arena & BMO Stadium are a breeze with connections to the Metro Line for quick and easy transportation. Book your tour today!

Condition Rating
Poor
Built in 1964, this property is 60 years old with no indication of significant recent renovations. The images reveal extremely dated kitchens with old cabinets, laminate countertops, white appliances, and vinyl flooring. Bathrooms also feature outdated vanities, fixtures, and tile work. While the exterior appears maintained, the interior spaces, particularly the kitchens and bathrooms, require substantial rehabilitation and modernization to meet current standards and appeal. The property is functional but very uncomfortable and unappealing in its current state, necessitating major updates beyond minor repairs.
Pros & Cons

Pros

Strong Income Potential: As a quadruplex with a diverse unit mix (1x 3b/2ba, 2x 2b/1ba, 1x 1b/1ba), this property offers significant rental income potential, ideal for owner-occupiers to offset mortgage or for investors seeking consistent cash flow.
Strategic & Growing Location: The property boasts excellent commuter access to major freeways (110, 105, 10), LAX, SoFi Stadium, Crypto Arena, BMO Stadium, and the Metro Line, enhancing tenant desirability and future appreciation in a described 'growth' area.
Attractive Price Per Square Foot: Listed at 'just under $251.00 per square foot,' the property is positioned as a solid, long-term sustainable real estate investment, potentially offering good value in the Los Angeles market.
Tenant-Friendly Amenities: All units are individually metered for gas and electric, reducing landlord utility costs. The property also includes assigned parking and a separate laundry room, adding convenience and appeal for tenants.
Flexible Investment Opportunity: The property is explicitly marketed for 'Next Gen/Extended Owner-Occupied Buyers' and welcomes 1031 exchanges, indicating its versatility for various investment strategies.

Cons

Age of Property: Built in 1964, the property is 60 years old, which may necessitate ongoing maintenance, system updates, or capital expenditures to address aging infrastructure and maintain modern appeal.
Limited Outdoor Space: With a 3,952 sqft building on a 5,400 sqft lot, the usable outdoor space per unit is relatively small, which could be a drawback for tenants seeking larger private yards or extensive common areas.
Potential for Deferred Maintenance: While described as 'established,' the listing does not specify recent renovations or upgrades, implying potential for deferred maintenance or the need for cosmetic updates to maximize rental income and tenant satisfaction.

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