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Residential Income - 1417 W 84th, Los Angeles, CA

$1,999,999

1417 W 84th, Los Angeles, CA

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Description

Do Not Disturb Occupants. Drive-by only. Exceptional investment opportunity featuring a 2023-built triplex plus ADU with four total units, fully occupied by long-term tenants and generating approximately $197,028 in annual gross scheduled rents. Priced right with a potential 7%+ cap rate, depending on operating expenses. The property includes three spacious five-bedroom residences, each with multiple bathrooms, private living areas, and garage parking, plus a separate studio ADU. All four units feature separately metered electric, gas, and water, with tenants responsible for their individual utilities. Solar and drought-conscious landscaping further enhance the property’s efficiency and reduce ongoing ownership costs. Located in South Los Angeles, the property is approximately 3.5 miles from SoFi Stadium and Kia Forum, 4 miles from USC and BMO Stadium, 8 miles from Downtown Los Angeles, and 10 miles from LAX, with convenient access to the 110, 105, 10, and 405 freeways.

Property details

Year built
1922
Property type
Residential Income
Lot size
6,699 sqft

Location

1417 W 84th • Los Angeles, CA 90047

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Listed by

David Smith · REMAX Professionals

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