1440 W 84th Place, Los Angeles, CA 90047

Property Description

Income-producing triplex opportunity in South Los Angeles with strong rental upside and one unit delivered vacant. This property features a front single-family residence and a rear duplex, offering an ideal setup for investors seeking stable income with future growth potential. The front house offers 2 bedrooms and 1 bathroom with a detached 2-car garage. The rear duplex consists of two 2-bedroom, 1-bathroom units, each with two assigned parking spaces. One unit will be delivered vacant at close of escrow, providing flexibility for owner-occupancy or immediate rent adjustment. Current rents total $5,502 per month, with projected market rents estimated between $2,700 and $2,900 per unit, presenting a clear value-add opportunity. Property is occupied by Section 8 tenants, offering consistent rental income and stability. Each unit is equipped with a wall-mounted gas heater, and the owner currently pays water. Property does not have central air conditioning. Refrigerators and stoves are included in all units. Convenient South Los Angeles location with strong rental demand and excellent accessibility to major employment and entertainment hubs (Minutes from major destinations such as SoFi, Stadium, Kia Forum, Intuit Dome, Hollywood Park development). The property is situated in a walkable residential neighborhood near schools, parks, shopping, and public transportation.