435 E 84th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$750,000
435 E 84th Street, Los Angeles, California 90003
0Bed
0Bath
2,020Sqft
5,200Lot
Year Built
1927
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$371
HOA
-
Days on market
-
Sold On
-
MLS number
DW25066898
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $750.0K(50th), sqft - 2020(57th), beds - undefined(50th), baths - undefined(50th).
Great Investment Opportunity! Great Triplex in the heart of Los Angeles, Excellent Opportunity for your Portfolio. 1 Unit consists of 2 bed 1 bath, 2nd Unit is 2 bed 1 bath, 3rd Unit is a 1 bed 1 bath. Property Features 1 garage and has gated front yard for additional privacy.
Price History
Date
Event
Price
06/06/13
Sold
$280,000
04/01/11
Sold
$180,001
12/28/10
Sold
$149,000
06/02/05
Sold
$388,000
Condition Rating
Poor
Built in 1927, this triplex is nearly a century old and shows significant physical depreciation. All three units feature extremely outdated kitchens with old cabinets, worn laminate countertops, and older appliances, along with equally outdated bathrooms with basic fixtures and older tiling. The flooring throughout is a mix of worn hardwood/laminate and linoleum/vinyl. While the property appears livable, it requires substantial repairs and rehabilitation, including full renovations of all kitchens and bathrooms, and likely major system upgrades (electrical, plumbing, HVAC) to meet modern standards and comfort levels. The property analysis explicitly notes 'Potential for Significant Renovation Costs,' aligning with a 'poor' condition assessment.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, offering three separate rental units (two 2-bed/1-bath and one 1-bed/1-bath), providing diversified income streams and strong cash flow potential for investors.
Prime Investment Opportunity: Explicitly marketed as a 'Great Investment Opportunity' and 'Excellent Opportunity for your Portfolio,' indicating a clear focus on return on investment in a competitive market.
Strategic Los Angeles Location: Located 'in the heart of Los Angeles,' a major metropolitan area known for high rental demand, strong property appreciation, and a large tenant pool.
Diverse Unit Mix: The combination of two 2-bedroom units and one 1-bedroom unit caters to a broader range of potential tenants, from singles/couples to small families, maximizing occupancy potential.
Enhanced Privacy & Parking: Features a gated front yard for additional privacy and a dedicated 1-car garage, adding value and appeal to prospective tenants.
Cons
Advanced Age of Property: Built in 1927, the property is nearly a century old, suggesting potential for outdated infrastructure, systems (plumbing, electrical), and general wear and tear that may require significant upgrades.
Potential for Significant Renovation Costs: Given its age and framing as an 'investment opportunity,' the property likely requires substantial capital expenditure for modernization, deferred maintenance, and bringing units to current market standards to maximize rental income.
Limited On-Site Parking: With only one garage for a three-unit property, parking may be a significant challenge for tenants, potentially leading to inconvenience or dissatisfaction in a dense urban environment.