352 E 84th Place, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This triplex presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned above the $743,170 Fair Market Value. While the property requires capital expenditure due to its Poor Condition Rating and 1923 vintage infrastructure, the versatile unit mix provides significant rental yield potential near Downtown Los Angeles. The property offers a strategic foundation for Buy-and-Hold Investors or Owner-Occupants interested in house-hacking. Long-term value is supported by the central location and the ability to modernize aging systems to increase market competitiveness.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 352 E 84th Place Subject | $799,000* List Price | 0 | 0 | 1,984 | $375 | - |
A 146 83rd Street Sold | $760,000 | 0 | 0 | 1,800 | $422 | 0.3 mi |
B 350 E 97th Sold | $770,000 | 0 | 0 | 1,888 | $408 | 0.9 mi |
C 127 E 95th Street Sold | $820,000 | 0 | 0 | 2,304 | $356 | 0.8 mi |
D 147 E 95th Street Sold | $599,000 | 0 | 0 | 1,440 | $416 | 0.8 mi |
E 156 W 84th Active | $599,999 List Price | 4 | 3 | 1,885 | $318 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1923 (101 years old) and lacks evidence of recent major renovations, placing it in the 'poor' category based on age. Exterior photos show deferred maintenance including cracked concrete, weathered stucco, and overgrown landscaping. The presence of window AC units suggests the absence of modern central HVAC systems, and the overall age indicates that electrical and plumbing systems likely require significant updates.
The triplex configuration, featuring a mix of one and two-bedroom units, provides excellent flexibility for owner-users to house-hack or for investors to maximize rental yield.
Proximity to Downtown Los Angeles and major employment centers ensures high tenant demand and easy access to essential urban amenities and public transportation.
Described as well-maintained, the property offers a more immediate move-in or rental opportunity compared to typical distressed value-add assets in the area.
Built in 1923, the century-old structure may require significant long-term capital expenditures for aging systems such as plumbing, electrical, and foundation.
The substantial price increase since the 2016 sale may challenge investor ROI expectations, necessitating high market rents to justify the current list price.
Well-maintained triplex featuring one spacious two-bedroom unit and two comfortable one-bedroom units, offering strong income potential for investors or owner-users alike. Conveniently located near Downtown Los Angeles, this property provides easy access to major employment centers, shopping, dining, schools, and public transportation. The versatile unit mix and desirable central location make this an excellent opportunity with long-term rental appeal and future growth potential.
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 | 1,984 | 2,212 | 44% |
| Lot Size | 5,200 | 5,204 | 47% |
| Price | $799.0K | $765.0K | 58% |
| Price per sq ft | $403 | $359 | 61% |
| Built year | 1923 | 1929 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 198 | 3% |
May 26, 2026
$799,000
Initial Listing
Jul 20, 2016
$365,000
Public Record
Feb 7, 2014
$233,000
Public Record
Dec 21, 2004
$360,000
Public Record