1216 E 84th Place, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

1216 E 84th Place, Los Angeles, California 90001 home-pic-0
ACTIVE$924,999
1216 E 84th Place, Los Angeles, California 90001
0Bed
0Bath
2,144Sqft
6,291Lot
Year Built
1956
Close
-
List price
$925K
Original List price
$1,000K
Price/Sqft
$431
HOA
-
Days on market
-
Sold On
-
MLS number
SB25002797
Home ConditionGood
Features
Patio
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $925.0K(93th), sqft - 2144(86th), beds - undefined(50th), baths - undefined(50th).

An exceptional opportunity for investors or owner-occupants, this updated multifamily property offers two beautifully renovated homes on a generous 6,291 sq. ft. R3 lot in the heart of Los Angeles. Designed for modern living and future growth, this property is move-in ready with significant upgrades and income-generating potential. The first unit, located at 1216 E 84th Place, features 3 spacious bedrooms and 1 bathroom across 1,290 sq. ft. of living space. It boasts a bright and open floor plan with updated flooring, fresh paint inside and out, and a dedicated laundry room. Major upgrades completed in 2020 include new plumbing, electrical, roofing, and a tankless water heater, ensuring both modern comfort and long-term durability. The second unit, located at 1218 E 84th Place, is a 2-bedroom, 1-bathroom home spanning 854 sq. ft. Fully remodeled in 2020, it showcases a sleek, modern kitchen, updated plumbing and electrical systems, and central air conditioning for year-round comfort. This unit also includes an EV charging station and two dedicated parking spaces, offering added convenience for residents. Like the first unit, this home also features a tankless water heater, providing energy efficiency and continuous hot water. In 2020, the property’s cement was redone to create a smooth, inviting walkway that seamlessly connects the front home to the back unit. A detached garage with a new roof offers additional storage or the potential for conversion into an accessory dwelling unit (ADU), further increasing the property's income potential. The property is securely gated, offering privacy for both homes, and includes ample parking for residents and guests. Located in a prime Los Angeles neighborhood, this property is close to schools, shopping centers, and transportation hubs. It is perfect for investors seeking stable rental income or families looking for a flexible, multi-generational living arrangement. The R3 zoning and large lot size also present exciting possibilities for future development. Don’t miss your chance to own this versatile and income-producing property.

Price History

Date
Event
Price
08/04/20
Sold
$665,000
12/19/19
Sold
$495,000
03/03/11
Sold
$220,000
09/03/99
Sold
$170,000
Condition Rating
Good

The property was built in 1956 but extensively renovated in 2020. The description and images show updated kitchens and bathrooms with modern appliances and fixtures. New plumbing, electrical, and roofing were also completed in 2020. While not brand new, the renovations bring the property up to a good condition, move-in ready with no immediate major renovations required.
Pros & Cons

Pros

Income Potential: The property features two renovated units, providing immediate rental income opportunities for investors.
Recent Upgrades: Both units have been recently renovated with updated plumbing, electrical systems, and tankless water heaters, reducing future maintenance costs.
Development Potential: The R3 zoning and large lot size offer potential for future development, including the possibility of adding an ADU.

Cons

Limited View: The property has no specified view, which may be less appealing to some buyers.
Older Construction: Built in 1956, the property may have underlying issues common in older homes, despite recent renovations.

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