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1050 W 84th Pl, Los Angeles, CA 90044
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1050 W 84th Pl Los Angeles, CA 90044

$1,200,000 Sold Price as of 11/10/2022
  • 4 Beds
  • 6 Baths
  • 3,444 Sq.Ft.
Sold
$1,200,000 Sold Price as of 11/10/2022 Refinance Your Mortgage
Map preview of 1050 W 84th Pl, Los Angeles, CA 90044

Property Overview: 1050 W 84th Pl Los Angeles, CA has 4 bedrooms, 6 bathrooms, 3,444 living square feet and 5,263 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a six (6) unit apartment building located at 1050 West 84th Place in Los Angeles, California. The subject property is positioned in a solid South Los Angeles location, north of Manchester Avenue and west of Vermont Avenue. Originally built in 1939, this property contains a good unit mix of two (2) newly constructed (2022) ADU studio / one bathroom units and four (4) one bedroom / one bathroom units. Spread across two (2) buildings, all the tenants have Section 8 which guarantees in place positive initial cash flow. Located in the coveted Vermont Knolls neighborhood of South LA, the property features lovely curb appeal, a lush front yard, and a relaxing center courtyard all in a quiet residential pocket with plenty of street parking adjacent to major commercial corridors on Manchester Avenue and Vermont Avenue. Los Angeles County's new Transit Oriented Vermont-Manchester mixed-use project, which was recently awarded $20 million, is also located less than a quarter mile away from the subject property. Tenants will enjoy being just minutes away from the Ram's SoFi Stadium, USC, and Downtown LA. Within walking distance residents can find great restaurant, retail, and recreational amenities such as Wingstop, Bamboo Garden, Alfredo's Mexican Food, Smart & Final, Beauty Supply, and Hardcore Training Gym. Outdoor recreation is also available less than half a mile away at Vermont Miracle Park. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for an any investor to capitalize on an initial 5.65% cap rate in a gentrifying market of Los Angeles.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 16 minutes ago | Last updated: February 10th, 2024 | Source CRMLS | DOM: 162

Home details

Lot Sq. Ft
5,263
HOA Dues
$0/mo
Year built
1939
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22147485
City
Los Angeles
County
Los Angeles
Time on Site
762 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.65%
  • Gross Rent Multiplier: 12.28
  • Gross Scheduled Income: --
  • Net Operating Income: $73,166
  • Gross Operating Income: $102,316
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1050 W 84th Pl

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Refrigerator, Oven, Range, Built-In
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street, Public
Lot Information
  • Lot Features: Landscaped, Lawn, Front Yard
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 6
  • Parcel Number: 6033025002
  • Property Condition: Additions/Alterations
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is positioned in a solid South Los Angeles location, north of Manchester Avenue and west of Vermont Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 1050 W 84th Pl

Last leased for $1,900 on February 1st, 2024

  • February, 2024

  • Feb 1, 2024

    Date

    Leased

    CRMLS: 23316555

    $1,900

    Price

  • Sep 28, 2023

    Date

    Active

    CRMLS: 23316555

    $1,875

    Price

  • Listing provided courtesy of CRMLS

    upstairs, front unit | natural light from wide living room window | quiet building on block surrounded by SFH | freshly painted | vinyl wood floors | front door entry and back door | like-new stove and refrigerator included | walking distance from shopping needs, bank, laundromat; food restaurants; public transportation | no parking on-site but plenty of street parking available

  • November, 2022

  • Nov 10, 2022

    Date

    Sold

    CRMLS: 22147485

    $1,200,000

    Price

  • Apr 6, 2022

    Date

    Active

    CRMLS: 22147485

    $1,370,000

    Price

  • August, 2020

  • Aug 14, 2020

    Date

    Sold

    CRMLS: PW20053631

    $600,000

    Price

  • Jul 21, 2020

    Date

    Pending

    CRMLS: PW20053631

    $669,999

    Price

  • Jul 7, 2020

    Date

    Price Change

    CRMLS: PW20053631

    $669,999

    Price

  • Apr 5, 2020

    Date

    Active

    CRMLS: PW20053631

    $699,900

    Price

  • Mar 26, 2020

    Date

    Hold

    CRMLS: PW20053631

    $699,900

    Price

  • Mar 11, 2020

    Date

    Active

    CRMLS: PW20053631

    $699,900

    Price

  • Listing provided courtesy of CRMLS

    What an amazing find of this beautiful 4-plex in the Vermont Knolls area of South LA. Yes it's near the new Rams Sofi Stadium and entertainment center. Just minutes from USC and Downtown LA. Close FWYs access. This is a generational unit to keep. Has not been on the market in over 40 years! Priced to Sell fast! Don't miss this opportunity to own this great property as it will not last! City 9-A Report complete.

  • August, 2020

  • Aug 11, 2020

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

Show More

Tax History for 1050 W 84th Pl

Assessed Value (2020): $60,465
Year Land Value Improved Value Assessed Value
2020 $21,041 $39,424 $60,465

Home Value Compared to the Market

This property vs the competition

1050 W 84th Pl sold on November 10, 2022 for 8.82% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $376.02 per/sqft which puts the price per square foot 50.2% lower than the current median sale per square foot for the city of Los Angeles.

About 1050 W 84th Pl

Detailed summary of property

1050 W 84th Pl is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 4 bedrooms, 6 bathrooms, roughly 3,444 living square feet, and sits on an approximately 5,263 square foot lot. 1050 W 84th Pl was first listed on ArdentRealEstateGroup.com on April 18, 2022. The homeowner sold the property for $1,200,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 8.82% higher than the current median priced home. Local homes that are currently for sale include 10116 S Vermont Ave, 210 W 77th St and 1701 W Florence Ave. While the average home in Los Angeles, CA is selling in 92 days, 1050 W 84th Pl has a days on market of 162 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1050 W 84th Pl Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1050 W 84th Pl

Public county record property details
Beds
4
Baths
4
Year built
1939
Sq. Ft.
2,844
Lot Size
5,263
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
103
APN
6033-025-002

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$670,000
Median List Price/Sq.Ft.
$516
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
78
Median Sale to List Price %
105.57%
Avg Days on Market
76
Loan Type
Conventional (35.71%), FHA (35.71%), VA (0%), Cash (7.14%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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