754 E 84th Place, Los Angeles, California 90001, Los Angeles, 90001 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90001
This Strong Value Opportunity is a Residential Income Quadruplex listed at $1,089,000—positioned well below the $1,219,030 Fair Market Value by 10%. This valuation gap offers $130,030 in Instant Equity. With a Condition Rating of 2, the property features a brand-new permitted ADU and renovated units, ensuring immediate rental demand. This asset is ideal for Buy-and-Hold Investors seeking a 10% CAP rate or Owner-Occupants looking to offset mortgage costs through house hacking.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 754 E 84th Place Subject | $1,089,000* List Price | 0 | 0 | 4,137 | $295 | - |
A 804 76th Pl Sold | $1,195,000 | 10 | 6 | 3,793 | $315 | 0.6 mi |
B 804 76th Pl Sold | $1,195,000 | 0 | 0 | 3,715 | $322 | 0.6 mi |
C 1622 Firestone Boulevard Active | $1,150,000 List Price | 0 | 0 | 4,660 | $247 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1965, the property features a brand-new permitted ADU and multiple units that have undergone recent high-end renovations within the last 5 years. Interior photos show modern kitchens with white shaker cabinets and stainless steel appliances, updated bathrooms with contemporary tile work, and new laminate flooring. Exterior shots confirm updated systems including mini-split HVAC units and tankless water heaters, making the vacant units move-in ready with no immediate maintenance required.
The property offers an exceptional projected 10% CAP rate with three vacant, move-in ready units, allowing for immediate market-rate rental income and strong cash flow.
Classified as a four-unit plus ADU, the property qualifies for conventional residential financing, allowing buyers to avoid the higher interest rates and complexities of commercial loans.
With two units recently remodeled and a brand-new, fully permitted ADU, the property reduces immediate capital expenditure requirements while offering modern appeal to prospective tenants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4137, other record living area = 3561.
Two units are occupied by long-term tenants, which likely subjects the property to Los Angeles Rent Stabilization Ordinance (RSO) limitations on rent increases and tenant turnover.
The surrounding public schools have relatively low ratings, with several scoring between 1 and 3, which may impact long-term appreciation and the property's appeal to families.
Welcome to 754 E 84th Pl. This four-unit plus ADU apartment building offers exceptional value and opportunity for investors and owner-users alike. Five spacious legal units across 4,211 sq ft of livable space: Unit 1 is a tenant-occupied 3 bed 2 bath. Unit 2 is a vacant remodeled 2 bed 1 bath. Unit 3 is a tenant-occupied 2 bed 1 bath. Unit 4 is a vacant remodeled 1 bed 1 bath. Unit 5 is a brand-new fully permitted ADU with 2 bed 1 bath. Units 1 and 3 are rented to long-term tenants. Units 2, 4, and 5 are vacant and move-in ready. The property is pre-approved for conventional financing as a four-unit (plus ADU). A commercial loan is not necessary. The property is conveniently located off Manchester Blvd and the 110 Freeway, near schools, shopping, entertainment, and more. This property is ideal for investors seeking an outstanding 10% CAP rate, or owner-users to live in one or more vacant units.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.5 mi
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 | 4,137 | 2,104 | 95% |
| Lot Size | 5,101 | 5,305.5 | 45% |
| Price | $1.09M | $786.0K | 82% |
| Price per sq ft | $263 | $367 | 14% |
| Built year | 1965 | 1930 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 153 | 5% |
Jun 1, 2026
$1,089,000
Initial Listing
Mar 30, 2023
$620,000
Public Record
Jul 14, 2014
$410,000
Public Record