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821 W 84th St 10 Unit Apartment Building $1,350,000 ($135,000/Unit) 6.45% Cap Rate Los Angeles, CA 90044
INVESTMENT HIGHLIGHTS
- Value Add Opportunity
- High Demand Rental Location
- Close To 110 Freeway And Metro Bus Lines
- Ten - Single/1 Bath Units
- Potential To Build ADU’s
- Within 10 Miles of Downtown Los Angeles
EXECUTIVE SUMMARY
821 West 84th Street is a 2,992 SF multifamily property located in South Los Angeles. Built in 1941, the property features 10 x 1 Single/1 Bath apartments on approximately 9,066 SF parcel of land. The property includes two separate freestanding one-story buildings. Private parking is available. Located just a few minutes west of the Harbor (110) Freeway and is located just north of Manchester Blvd and east of Vermont Avenue, major thoroughfares through the city. Potential to build additional ADU's.
PROPERTY FACTS
| Price | $1,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $135,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 6.45% | Building Size | 2,992 SF |
| Gross Rent Multiplier | 9.94 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1941 |
| Property Subtype | Apartment | Parking Ratio | 3.34/1,000 SF |
| Zoning | LAR3 | ||
| Price | $1,350,000 |
| Price Per Unit | $135,000 |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| Gross Rent Multiplier | 9.94 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 2,992 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1941 |
| Parking Ratio | 3.34/1,000 SF |
| Zoning | LAR3 |
AMENITIES
SITE AMENITIES
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 290 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 6032-010-022 | Improvements Assessment | $80,037 |
| Land Assessment | $418,680 | Total Assessment | $498,717 |
PROPERTY TAXES
Parcel Number
6032-010-022
Land Assessment
$418,680
Improvements Assessment
$80,037
Total Assessment
$498,717
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821 W 84th St
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