240 West 84th Street

Los Angeles, CA 90003

$2,148,800
Price
14
Beds
15
Baths
6,714 Sq. Ft.
$320 / Sq. Ft.
6,714
Sq. Ft.
$320
per Sq. Ft.

Description

Brand New 4 Unit Development - NO RENT CONTROL offering you maximum flexibility for short or long term rental alike! FULLY VACANT with a 6.5% PROJECTED CAP RATE. Don't miss this rare opportunity to own a turnkey, brand-new construction featuring four modern units in a high-demand area. Designed with both homeowners and investors in mind, these residences offer unparalleled convenience, tax advantages, and income potential. These thoughtfully designed units combine a 2 beds, 3 beds, 4 beds and 5 beds...Brand New 4 Unit Development - NO RENT CONTROL offering you maximum flexibility for short or long term rental alike! FULLY VACANT with a 6.5% PROJECTED CAP RATE. Don't miss this rare opportunity to own a turnkey, brand-new construction featuring four modern units in a high-demand area. Designed with both homeowners and investors in mind, these residences offer unparalleled convenience, tax advantages, and income potential. These thoughtfully designed units combine a 2 beds, 3 beds, 4 beds and 5 beds with sophistication, functionality, abundant natural light and comfort, delivering a lifestyle of unparalleled quality. Spacious floor plans, open-concept layouts ranging from 1,173 to 1,942 square feet with 2 to 5 bedrooms and 2.5 to 4.5 bathrooms, perfect for families, professionals or students. This property also features secure gated parking, each unit includes assigned parking spaces on site. Situated in the heart of South LA these townhouses are just moments from dining, shopping, parks, and top-rated schools. Convenient access to public transportation and major highways ensures an effortless commute. Additional perks include 10 years builder warranty, and a 1 year fit and finish. Don't miss this opportunity to own a non rent control brand new fourplex, fully vacant. Schedule your tour today, contact me for more details and a private showing. Your dream investment or first smart investment awaits!
  1. Listed by Barbara Isabel • DRE #02057627 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 240 West 84th Street

Water Front
None
Zoning
LAR3
Style
Contemporary
Parcel Number
6040002020
Total Units
4.0
Living Area
6714
Source Living Area
Builder
Area
Metropolitan South (C37)
LISTING UPDATED: 12/18/2024 12:01 AM

Property Details for 240 West 84th Street

StatusActive
MLS #24-470865
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.12 AC / 5,402 SF
CountyLos Angeles County

Building Information for 240 West 84th Street

Stories3Residences-Year Built2024Building Size-Lot Size0.12 AC / 5,402 SF

Property Information for 240 West 84th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Townhouses
  • View: Yes
  • View Description: City Lights
  • View: City Lights
  • Security Features: Gated
  • Property Condition: New Construction
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Additions Alterations: No
  • Water Heater Features: Electric
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Building Permit, Building Plans Available
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $175,200
  • Net Operating Income: $141,040.00
  • Gross Income: $175,200
  • Cap Rate: 6.50%
  • Gross Rent Multiplier: $12.26
  • Total Annual Expense: 34160
  • Tax Expense: $26,860
  • Insurance Expense: $2,500
  • Management Expense: $4,800.00
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.124
  • Lot Size Square Feet: 5402
  • Lot Size Dimensions: 40x135
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 6
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central Air
Exterior Features
Exterior Features
  • Exterior Features: Rain Gutters
  • New Construction: Yes
  • Other Structural Features: Rain Gutters
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 12-10-2024
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 5
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $83,232.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $332,928.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $416,160.00

Property History for 240 West 84th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 240 West 84th Street

Taxable ValueLand$445,740Additions-Total$445,740
Tax Record2024$5,437 ($453 / month)
Home Facts
Beds2Total Finished SqFt540 SqFtAbove Grade Finished SqFt540 SqFtStories1Lot Size5,400 SqFtStyleResidentialYear Built1922ZoningLAR3CountyLOS ANGELESAPN6040-002-020

Schools near 240 West 84th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Dr. Owen Lloyd Knox Elementary School
PublicK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

KIPP Empower Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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240 West 84th Street is a multi-family home for sale in Los Angeles, CA 90003. This property was listed for sale on December 10, 2024 by Keller Williams Beverly Hills, it's currently listed at $2,148,800. It has been on the market for a total of 11 days and was last sold on October 29, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Dr. Owen Lloyd Knox Elementary School, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 240 West 84th Street is a 14-bed, 15-bath, 6,714 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Barbara Isabel, DRE #02057627

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.