John E Burge

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1019 E 84th PlaceLos Angeles, CA 90001

Multi-Family · 4,833 Sq. ft. | 0.13 Acres
$1,669,000 Active

1019 E 84th Place Overview

Time on Site:
3 hours
Visits:
0

New 2022 Non-Rent Controlled Triplex | Fully Leased | 6.72% Cap Rate Exceptional investment opportunity in Green Meadows, in Los Angeles. This new 2022 construction triplex is fully leased, non-rent controlled, and generating strong income from day one, making it an ideal acquisition for portfolio investors and 1031 exchange buyers alike. The property features 2 spacious 5-bed/3.5-bath units and 1, 3-bed/2.5-bath unit totaling 4833 sq ft of modern new construction. All 3 units are currently occupied with quality tenants, delivering a stabilized 6.72% cap rate with zero lease-up risk and no deferred maintenance. Updated systems and contemporary finishes throughout ensure long-term durability and tenant appeal. For 1031 exchange investors, this property checks every box, turnkey, fully occupied, and ready to close. New construction maximizes your depreciable basis, sheltering exchanged gains while providing a long runway of appreciation ahead. As a non-rent-controlled asset, owners retain full flexibility on future rental increases, a significant advantage in today's increasingly regulated LA rental market. Ideally located with a Walk Score of 76 and strong transit access, including Firestone Station just minutes away and LAX only 18 minutes out. Close proximity to major employment corridors, shopping, parks, and schools drives consistent tenant demand and low vacancy. Whether you're completing a 1031 exchange or looking for a fresh capital, or expanding your portfolio, this is the turnkey, cash-flowing, new construction asset serious investors don't pass up.

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1019 E 84th Place Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,833
  • Price/Sq.ft. $345
  • Lot 0.13 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

Income/Expenses

  • Gross Income: 129600.0
  • Gross Scheduled Income: 129600.0
  • Insurance Expense: 2500.0
  • Net Operating Income: 107388.0
  • New Taxes Expense: 20050.0
  • Operating Expense: 22212.0

Building Information

  • New Construction: No
  • Year Built: 2022

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C37 - Metropolitan South
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Street Lights,Sidewalks

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange
  • Parcel Number: 6029021007
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: Yes

Building Interior

  • Building Area Total: 4833.0
  • Building Area Units: Square Feet

General Information

  • Appliances: Disposal,Refrigerator,Tankless Water Heater,Water Heater
  • Common Walls: 1 Common Wall
  • Electric: 220 Volts in Laundry
  • Entry Level: 1
  • Entry Location: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Tile
  • Foundation Details: Slab
  • Interior Features: Granite Counters,Recessed Lighting,Bedroom on Main Level,Walk-In Closet(s)
  • Laundry Features: Washer Hookup,Gas Dryer Hookup,Inside
  • Levels: One
  • Spa Features: None
  • Spa: No
  • Stories: 1
  • Stories Total: 2
  • Window Features: Double Pane Windows

Exterior

Parking Information

  • Open Parking Spaces: 6.0
  • Parking Features: Assigned
  • Parking Total: 8.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Front Yard,Near Public Transit,Street Level
  • Lot Size Acres: 0.1318
  • Lot Size Area: 5743.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5743.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Construction Materials: Concrete,Stucco
    • Property Attached: Yes

    General Information

    • Fencing: Wood,Wrought Iron
    • Number Of Units Leased: 3
    • Number Of Units Total: 3
    • Pool Features: None
    • Pool Private: No
    • Road Frontage Type: City Street
    • Sewer: Public Sewer
    • Utilities: Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Connected,Water Available,Water Connected

    1019 E 84th Place Neighborhood

    Community

    90001 (Los Angeles) Demographics

    30
    Median Age
    16,838
    Population Density (per sq. mile)
    11%
    College Educated
    $48,011
    Estimated Median Income
    4,875
    Estimated Total Home Owners
    8,814
    Estimated Total Renters
    36% / 64%
    Estimated Owner / Renter Divide
    4
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    1019 E 84th Place Monthly Cost

    $
    $ %
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    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    1019 E 84th Place Market Data

    Based on the last 30 days in this zip code

    $660,999
    Average List Price
    $501
    Average Price per Square Foot
    5
    Properties Sold
    195
    Average Days on Market
    50
    Properties for Sale
    Calculations provided by Reliance Network

    1019 E 84th Place History

    Date Event Value Agent
    6/29/2026Source: CRMLS Added to Database
    June 29, 2026
    3/21/2024Source: CRMLS Status Change
    Closed
    2/29/2024Source: CRMLS Status Change
    Pending
    1/16/2024Source: CRMLS Added to Database
    January 16, 2024
    9/27/2022Source: CRMLS Added to Database
    September 27, 2022
    6/24/2022Source: TheMLS (CLAW) Added to Database
    June 24, 2022
    Listing provided courtesy of eXp Realty of California IncShirin Aghamirkarimi- MLS# OC26138680MLS ProviderContact Information: [email protected] - 888-584-9427
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