236 W 84th, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This Newly Built Triplex Asset represents a strategic income opportunity with a List Price of $1,890,000 and an estimated $1,575,300 Fair Market Value. The property commands a premium due to its Pristine Condition Rating and rare Rent Control Exemption, offering investors significant operational flexibility. With a 6.2% Current Cap Rate, Paid-off Solar, and a high-demand location near USC, the asset is engineered for maximum yield and minimal maintenance. This turnkey, cash-flowing property is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a low-overhead, high-occupancy rental gem.
Property is new construction or fully renovated.
This property was newly built in 2024, making it brand new. The images confirm a pristine condition with modern finishes throughout, including new white shaker cabinets, quartz countertops, stainless steel appliances, light wood-look flooring, and updated bathrooms with subway tile surrounds. All components are new and meet current quality standards, with no deferred maintenance.
Built in 2024, this property offers modern standards and is explicitly marketed as having no deferred maintenance issues, providing a 'set-it and forget it' investment.
Not subject to Los Angeles rent or eviction control, offering significant operational flexibility and greater potential for rent growth.
Fully leased with a current cap rate over 6.2% and a pro forma of 7.48%, indicating strong and immediate investment returns.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3848, other record living area = 788.
The property was recently sold within the past year on 2025-02-04. The sold price is $1,620,000.00.
The configuration of two 5-bedroom units suggests a high-occupancy model, which may lead to increased wear and tear and potentially higher tenant turnover.
NEWLY BUILT IN 2024, NOT SUBJECT TO RENT/EVICTION CONTROL, FULLY LEASED AT NEAR MARKET RENTS, NEAR USC, ALL UTILITIES SEPARATELY METERED AND PAID BY TENANTS WITH FULLY PAID OFF SOLAR TO ASSIST THEM!!! THIS CASHFLOWING THREE UNIT HAS GOOD TENANTS AND PLENTY OF PARKING. CONSISTING OF TWO FIVE BEDROOM THREE BATH UNITS AND ONE THREE BEDROOM 1 BATH UNIT FOR ALMOST 4000 SQFT OF LIVING SPACE! EACH 5/3 UNIT HAS 2 COVERED PARKING SPACES WHILE THERE IS AMPLE UNCOVERED PARKING ON THIS WELL DESIGNED LOT. CURRENT CAP RATE OVER 6.2% CALCULATED ON NEW PURCHASE PRICE WITH A PRO FORMA CAP RATE OF 7.48!! PERFECT PROPERTY FOR THE SET-IT AND FORGET IT INVESTOR AS YOU DON'T HAVE TO WORRY ABOUT DEFERRED MAINTENANCE ISSUES!! THIS IS A RENTAL GEM!
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 | 3,848 | 1,907 | 91% |
| Lot Size | 5,321 | 5,185 | 59% |
| Price | $1.89M | $780.0K | 98% |
| Price per sq ft | $491 | $364 | 82% |
| Built year | 2024 | 1928 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 203 | 9% |
Feb 2, 2026
$1,890,000
Initial Listing
Feb 4, 2025
$1,620,000
Public Record
Jan 10, 2024
$520,000
Public Record