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142 E 84th Street, Los Angeles, CA 90003

Los Angeles
Local realty services provided by:CENTURY 21 Experience
142 E 84th Street,Los Angeles, CA 90003
$2,800,000
  • 12 Beds
  • 12 Baths
  • 5,890 sq. ft.
  • Multi-family
  • Active
Listed by: neema ahadian
Office: marcus & millichap310-909-5500
MLS#:26843201
Source:CRMLS

Price summary

  • Price:$2,800,000
  • Price per sq. ft.:$475.38

About this home

We are pleased to present 142 East 84th Street, a brandnew,12-unit 100% affordable multifamily asset located in South Los Angeles, offered at $2,800,000 ($233,333/unit | $475/SF). Being brought out to market vacant, the property consists entirely of one-bedroom/one-bath units across three stories on a 5,199 SF lot and requires no deferred maintenance or capital investment. The asset is subject to a recorded Rental Covenant Agreement Running with the Land administered by the Los Angeles Housing Department under the City's TOC Tier 2 Affordable Housing Incentive Program, restricting all 12 units as deed-restricted affordable for a 55-yearterm from Certificate of Occupancy. The covenant structure functions a s along-term, government-supported income guarantee, delivering a current caprate of 7.69% and NOI of $215,402, with a pro forma cap rate of 8.45% and NOI of $236,651 as rents adjust to prevailing AMI levels. The covenant is fully assumable and transferable, with a straightforward...

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Home facts

  • Year built:2026
  • Listing ID #:26843201
  • Added:1 day(s) ago
  • Updated:June 04, 2026 at 09:28 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:12
  • Living area:5,890 sq. ft.

Structure and exterior

  • Year built:2026
  • Building area:5,890 sq. ft.
  • Lot area:0.12 Acres

Finances and disclosures

  • Price:$2,800,000
  • Price per sq. ft.:$475.38

Parking

  • Total parking spaces:5
  • Parking description:Uncovered
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Experience is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Experience, a broker participant of California Regional MLS (Southern California). 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. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Peter Gottuso

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