Sold 9/20/17

925 W 84th St
Los Angeles, CA 90044

Bd   Ba   1,260 Sqft   231 Days
We are pleased to present this cash flow opportunity in South Los Angeles. This seven unit building is grossing $8,500 per month with very low vacancy and maintenance costs. The unit mix which consists of a front house with 3 bedrooms and 1 bath and the other six units are all one bedroom one bath apartments. The complex is located east of Vermont Avenue between Manchester and Florence. It is adjacent to the brand new Class A County Administration Office Buildings on Vermont. This is a rent controlled area but there is still a lot of upside in the rents. This investment is being offered at an attractive GRM of 9.75 with a 6.76 CAP rate. At list price, this property provides a 9.29% cash on cash return. PLEASE DO NOT WALK THE PROPERTY OR DISTURB TENANTS.
  • $0 HOA
  • $786/Sqft
  • MLS#17198552 provided by Jerome McAlpin of McAlpin & Company
  • Movoto last checked CRMLS for new data 6 hours ago
  • CRMLS last updated this listing 1 day ago

Home Features for 925 W 84th Street, Los Angeles

Year Built: 1915
Lot Size Acres: 0.2
Lot Size Square Feet: 9066
Lot Size Units: Square Feet
Lot Size Area: 9066
Price Per Square Foot: 785.71
Parcel Number: 6032009016
Special Listing Conditions: Standard
Standard Status: Closed
Exterior
Number Of Buildings: 2
Building Area Total: 1260
Parking Features: Other
Number Of Units Total: 7
Amenities / Utilities
Appliances: None
Laundry Features: None
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Compare Similar Homes for 925 W 84th Street, Los Angeles

Price estimate is $1,040,760 based on the following nearby homes for sale which average $826/Sqft
Movoto's Price/Sqft estimate is not a professional appraisal, it is a starting point to help you price this home. Contact a Movoto Real Estate agent today to get a comprehensive evaluation
You can refine the estimate by removing homes that are not similar
A 5.68 mi
1050 S Grand #2007
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B 5.68 mi
1050 S Grand #2006
  • $749,000
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  • 705 Sqft
  • $1,062 /Sqft
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C 6.29 mi
530 Molino St #111
  • $925,000
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  • 1 Bd
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  • 1,495 Sqft
  • $619 /Sqft
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D 6.64 mi
130 S Hewitt St #21
  • $850,000
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  • 1 Bd
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  • 0.66 Acres Lot
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YOU
ARE
HERE
925 W 84th St
  • $990,000
  • Sold

    231 days

  • — Bd
  • — Ba
  • 1,260 Sqft
  • $786 /Sqft
  • 9,066 Sqft Lot
  • Built 1915

Property History for 925 W 84th Street, Los Angeles

Status
Date
Price
Sold
Sep 20, 2017
$990,000
Active
(Under Contract)
Aug 17, 2017
Price Change
Jun 2, 2017
$995,000
Price Change
Apr 30, 2017
$1,090,000
Price Change
Mar 3, 2017
$1,134,000
Listed
Feb 1, 2017
$1,219,000
#17198552

Real Estate Market Statistics for 925 W 84th Street, Los Angeles

YOU ARE HERE

925 W 84th Street

No data!
Congress Southeast
Los Angeles
90044
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$995K

925 W 84th Street

$370K

Congress Southeast

-1% y/y

Congress Southeast

$440K

90044

3% y/y

90044

$959K

Los Angeles

0% y/y

Los Angeles

See all trends for Los Angeles
925 W 84th St is a multi family home located in 90044 in Los Angeles, CA. It was last listed for $990,000, which is 125% above the current market median of $440,000 in 90044 and 3% above the market median of $959,450 in Los Angeles. 925 W 84th St is approximately 1,260 Sqft, which is 25% below the median size in Los Angeles of 1,672 square feet and 3% below the median size in 90044 of 1,303 Sqft. This property's price per square foot was $786, which is 133% above the current median in 90044 of $337 and 32% above the Los Angeles median of $597. As of today, , there are 44 properties listed for sale in ZIP code 90044 and 2,000 properties listed for sale in the city of Los Angeles. Of those 2,000 properties, there are 1,405 single family houses and 595 condos.
Built in 1915, this multi family house at 925 W 84th St, Los Angeles CA, 90044 is approximately 1,260 square feet and does not come with a parking spot. It was last listed with a cost per Sqft of $786. 925 W 84th St is located in the Congress Southeast neighborhood in the Los Angeles Unified School District. The closest school is Danny J. Bakewell, Sr., Primary Center.

925 W 84th St, Los Angeles CA, 90044 was on the market for 231 days. The median days on the market for properties in this area is 42 with a median list price of $959,450 and median cost per square foot of $597. Its current status is sold under the MLS #17198552.

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