Price
$ 995,000

925 W 84TH Street, Los Angeles, CA 90044  

925 W 84TH Street, Los Angeles, CA 90044  

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.

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Listing Type
Multi-Family
Listing ID
17198552
Lot Size
9,066.00 sqft
Listing Status
Active
Year Built
1915
County
Los Angeles
Floors
0
Units
7
Zoning
LAR3
TaxID
6032009016
Listing courtesy of Jerome McAlpin~McAlpin & Company
Price History
Get price alerts on price change
Date Event Change Price
6/3/2017 Price change $-95,000 (-8.7%) $995,000
5/1/2017 Price change $-44,000 (-3.9%) $1,090,000
3/3/2017 Price change $-85,000 (-7%) $1,134,000
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX TRI-CITY REALTY
    1433 Foothill Blvd La Canada Flintridge, CA 91011 | Phone: (818) 790-9700
    RE/MAX TRI-CITY REALTY is licensed in the state of California CalBRE License #: 01038441
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.