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$ 1,888,000
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Active
1503 W 84th Place Los Angeles, CA 90047
6,775 SqFt
UPDATED:
01/27/2025 10:44 PM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 6,775 sqft
Price per Sqft $278
MLS Listing ID CL25489981
HOA Y/N No
Year Built 1930
Lot Size 6,777 Sqft
Acres 0.16
Property Sub-Type Comm Ind For Sale
Property Description
Located at 8417 S Halldale Ave, (legal address 1503 84th Pl) this 6-unit property offers a compelling combination of investment returns and owner-occupy potential in a rapidly transforming neighborhood. The property is strategically positioned just 10 minutes from the SoFi Stadium Complex, Hollywood Park, and the upcoming Intuit Dome, placing it in the heart of one of Los Angeles' most dynamic redevelopment zones. These large-scale projects are driving significant economic growth, increasing demand for housing, and boosting long-term property values in the area.With three separate buildings providing enhanced tenant privacy, the property features 3 upgraded units, including two brand-new ADUs with new roofs. Unit mix includes 1 (1+1) that could potentially be converted into a 2 bedroom, 4 (2+1) and 1 vacant 2+1.Recent improvements, such as electrical rewiring in five units and a mix of copper and PEX plumbing upgrades, further add to its appeal. Financial highlights include a 6.77% Cap Rate, 10.53 GRM, and projected 18.18% IRR, with upside potential to achieve a 7.72% Cap Rate.Convenience is another key asset, with a 78 Walk Score and 55 Transit Score, and easy access to retail, dining, and entertainment hubs. For investors, the mix of strong current returns and significant futur
Location
State CA
County Los Angeles
Zoning LARD
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 6034022013
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Listed by Kelly Morgan • KW Advisors