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Tricia Mcmullan

tricia.mcmullan@redfin.com +1(626) 318-7433

$ 1,455,000

Est. payment -/mo

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Price Dropped by $70K

925 W 84th Los Angeles, CA 90044

9,151 Sqft Lot

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26176885

HOA Y/N No

Year Built 1915

Lot Size 9,151 Sqft

Property Sub-Type Apartment

Property Description

7-Unit Multifamily Investment Opportunity | Large Lot | Unit Mix of (One) 3-Bedroom/1-Bathroom Unit & (Six) 1-Bedroom/1-Bathroom Units | 4 of 7 Units Currently VACANT, Offering Significant Lease-Up & Value-Add Potential | Approximately $14,400/Month & $172,800/Year in Pro-Forma Gross Rental Income | 6.60% Pro-Forma Cap Rate | 8.82 Pro-Forma GRM | Approximately $217,857 Per Unit | 3 Units Currently Occupied & 4 Units Vacant | Significant Opportunity to Renovate, Lease Up & Stabilize the Property | Located in an Area Experiencing Continued Investment and New Development, Including The SEED School of Los Angeles County, South LA Cafe and Other Nearby Projects | Convenient Access to Major Transportation, Employment Centers, Schools, Retail & Amenities | Attractive Value-Add Opportunity for Investors Seeking Rental Upside and Long-Term Potential!

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Asphalt, Driveway Level

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Foundation Raised

Sewer Public Sewer

New Construction No

Others

Senior Community No

Tax ID 6032009016

Energy Description 2400.0

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Sebastian Lopez The Ave 562-396-6243, DRE #02239260