1457 W 84th Pl Los Angeles, CA 90047

$689,000 Sold Price as of 11/30/2018

6 Beds
3 Baths
2,363 Sq.Ft.

Off Market

$689,000 Sold Price as of 11/30/2018 Refinance Your Mortgage

Map preview of 1457 W 84th Pl, Los Angeles, CA 90047

Property Overview: 1457 W 84th Pl Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,363 living square feet and 6,713 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1457 W 84th Pl is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1457 W 84th Pl

Last sold for $689,000 on November 30th, 2018

December, 2018
Dec 6, 2018

Date

Sold

CRMLS: SB18251123

$689,000

Price
Oct 25, 2018

Date

Active Under Contract

CRMLS: SB18251123

$688,000

Price
Oct 16, 2018

Date

Active

CRMLS: SB18251123

$688,000

Price
Listing provided courtesy of CRMLS

Fantastic triplex well-located at 1457 W. 84th Place, just east of Inglewood in the Gramercy Park section of LA. Property features a front duplex with two 2+1 units currently operating as short-term rentals for $2,500/mth each. Typical stays average 1-3 months, and the owner has been renting successfully for years to South Bay tech/aerospace professionals & airline personnel from LAX. Then there's a detached 1+1 home currently rented for $1,000/mth for a total current gross income of $6,000/mth; $72,000/yr. At our $688,000 asking price, the property is priced at: $229,333/unit; a 9.56 current GRM; a 7.73% current CAP, and $291/SF. Assuming 30% down ($206,400) & operating expenses of $15,115/yr, the current cash flow would be approx. $23,066/yr (an 11.18% return). This property provides an investor will stable cash flow in a rapidly appreciating section of LA (90047) that will continue to experience solid rent growth over the coming years once the new Rams/Chargers Stadium & Hollywood Park redevelopment project and the new metro line running with service to LAX are completed. This would also be an attractive owner-user opportunity. The property is conveniently located close to great parks like the St. Andrews Rec Center, and also only a short drive from La Salle Avenue Elementary & Bret Harte Middle. There are a ton of national retailers locally: Ralphs; Chase Bank; Smart & Final; and Superior Grocers. Also a large Kaiser Permanente Hospital only minutes away.

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November, 2018
Nov 30, 2018

Date

Sold (Public Records)

Public Records

$689,000

Price
September, 2017
Sep 16, 2017

Date

Expired

CRMLS: SB17033054

$625,000

Price
Mar 25, 2017

Date

Withdrawn

CRMLS: SB17033054

$625,000

Price
Mar 25, 2017

Date

Active

CRMLS: SB17033054

$625,000

Price
Mar 7, 2017

Date

Active Under Contract

CRMLS: SB17033054

$625,000

Price
Feb 17, 2017

Date

Active

CRMLS: SB17033054

$625,000

Price
Listing provided courtesy of CRMLS

Here's a perfect owner-user or investor 3 unit property located at 1457 W. 84th Place, LA 90047 in hot Hyde Park/South LA area. This triplex is also perfect for NACA buyers! The property features a duplex with two 2 Bedroom 1 Bath units, and a detached 1 Bedroom 1 Bath House with a bonus room. There are 2,363 total rentable square feet. The current monthly rents are: $1,436; $1,400; and $1,000 for a current gross income of $3,836/month; $46,032/yr. At the $625,000 asking price, the property is: $208,000/unit; a 13.58 current GRM; a 11.84 market GRM; a 4.74% current CAP Rate; a 5.79% market CAP; and $264/sq. ft. The property was built in 1950, and it's a good sized 6,714 SF lot zoned LARD2. A 2 bedroom unit can likely be delivered vacant which presents a great opportunity for an owner-user buyer that would like to occupy one unit and also have solid rental income to help pay the mortgage, or for an investor looking for positive cash flow from Day 1 with solid rent upside potential in a rapidly appreciation area. This property is well-located just east of uber hot Inglewood, and a short drive to the future Rams & Chargers Stadium/Hollywood Park redevelopment, and the renovated Forum. Located between Western & Normandie Avenue just north of Manchester Blvd, and in close proximity to the 110 for ease of access. The property features 3 garages so all tenants have off-street parking, and this is primarily a residential area so street parking is also easy.

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July, 2006
Jul 25, 2006

Date

Sold (Public Records)

Public Records

$580,000

Price

Tax History for 1457 W 84th Pl

Assessed Value (2020): $702,780

Year	Land Value	Improved Value	Assessed Value
2020	$498,780	$204,000	$702,780

About 1457 W 84th Pl

Detailed summary of property

1457 W 84th Pl is categorized with a use code of Triplex (3 Units, Any Combination) in Los Angeles, CA 90047 and last sold on November 30, 2018 for $689,000. This property has 6 bedrooms, 3 bathrooms, roughly 2,363 living square feet, and sits on an approximately 6,713 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 38.48% lower than the current median priced home. 1457 W 84th Pl was last sold on November 30, 2018 for $689,000. Local nearby listings include 7710 S Halldale Ave, 1819 W 84th St and 1061 W 82nd St. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 1457 W 84th Pl Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1457 W 84th Pl

Public county record property details

Beds: 6
Baths: 3
Year built: 1950
Sq. Ft.: 2,363
Lot Size: 6,713
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 543
APN: 6034-021-024

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$750,000

Median List Price/Sq.Ft.

$568

Median Sold Price

$795,000

Median Sold Price/Sq.Ft.

$561

Total Inventory

Median Sale to List Price %

99.39%

Avg Days on Market

Loan Type

Conventional (37.5%), FHA (45.83%), VA (0%), Cash (8.33%), Other (4.17%)

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