234 E 84th Street, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This Modern Residential Income Triplex is a high-performance asset with a List Price of $1,995,000, positioned below the $2,001,032 Fair Market Value by 0.3%. This valuation provides $6,032 in Instant Equity. Built in 2022, the property maintains an Excellent Condition Rating and features fully paid solar panels and a massive 16-bedroom configuration. Delivering a projected 7% CAP rate, this property significantly outperforms typical local multi-family returns. It is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a low-maintenance, high-yield asset.
Property is new construction or fully renovated.
This property was built in 2022, making it nearly brand new and well within the 5-year window for an excellent rating. The images reveal high-quality modern finishes, including contemporary wood-look flooring, recessed lighting, and stylish bathrooms featuring white subway tile, modern vanities, and updated fixtures. The exterior is well-maintained with modern architectural lines and energy-efficient features like solar panels, showing no signs of physical depreciation or deferred maintenance.
With a projected 7% CAP rate and a total of 16 bedrooms, this property offers a high-yield investment opportunity that significantly outperforms typical Los Angeles multi-family returns.
Built in 2022, the property features contemporary architecture, high-quality finishes, and fully paid solar panels, minimizing immediate capital expenditures and long-term operating costs.
The inclusion of separate utility meters for each unit simplifies property management and ensures that tenants are responsible for their own consumption, further protecting the owner's bottom line.
The high bedroom-to-unit ratio suggests a large number of occupants per unit, which can lead to increased wear and tear and more intensive tenant management requirements.
With the building footprint occupying nearly the entire 5,201 square foot lot, there is minimal common or private outdoor space for tenants, which may impact long-term desirability for some renter profiles.
234 E. 84th St is a 2022-built modern income property featuring three thoughtfully designed units: Front unit: 2-story, 6 bedrooms / 3 bathrooms Rear units: Each 3-story, 5 bedrooms / 4 bathrooms. Stylish architecture with fully paid solar panels, separate utility meters, and ample parking (4 covered + 2 uncovered) provides both efficiency and tenant appeal. Spacious bedrooms and bathrooms, high quality finishes, and low operating expenses make this property an excellent investment opportunity. Based on current income and minimal owner expenses, the property delivers a CAP rate of approximately 7%, offering strong cash flow potential in a growing South LA area. City-submitted plans are available upon request providing transparency and confidence for buyers. A rare opportunity to acquire a modern, low-maintenance property in a growing area of Los Angeles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,486 | 1,907 | 98% |
| Lot Size | 5,201 | 5,185 | 52% |
| Price | $2.00M | $780.0K | 98% |
| Price per sq ft | $364 | $363 | 50% |
| Built year | 2022 | 1928 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 203 | 2% |
Apr 8, 2026
$1,995,000
Initial Listing
May 11, 2022
$1,820,000
Public Record
Sep 2, 2020
$428,000
Public Record