Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

1,933 sqft

Lot size

5,401 sqft

Year built

1922

Stories

1

Heating

Wall Furnace

Cooling

None

Status

Active

Days on market

8

MLS #

247230387

About this property

A rare opportunity for investors, owner-users, and developers looking for flexibility and upside in the heart of South Los Angeles. With two units currently vacant the next owner has an opportunity to take control of the property from day one to renovate, reposition, select new tenants, or explore a larger long-term vision for the site. Situated on an approximately 5,401 sq. ft. LAR3-zoned lot, the property is legally recognized as a duplex per public records but currently functions with three separate living units, totaling approximately 1,933 sq. ft. The existing configuration consists of two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. For the investor with vision, the possibilities are compelling. Improve the existing units and establish new rents, occupy one unit while generating income from the others, or explore the site's future development potential under LAR3 zoning and applicable City of Los Angeles regulations. The property's established multi-unit footprint, functional separation between living spaces, outdoor area, and deep lot provide a strong foundation for a variety of strategies. Located within an established South Los Angeles infill neighborhood, the property offers convenient access to major corridors including Broadway, Vermont, and Florence, along with nearby shopping, dining, everyday services, parks, recreation, and public transportation. Its central location provides connectivity to Downtown Los Angeles, USC, Inglewood, and other major employment and entertainment centers throughout Los Angeles. Whether the goal is to renovate and hold, create an owner-user opportunity, reposition the units, or investigate future redevelopment, this property offers something increasingly valuable in Los Angeles real estate. Bring your vision and unlock the property's next chapter. Some photos have been virtually enhanced. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings.

Location

224 W 84th Street

Los Angeles, Los Angeles, CA, 90003