315 W 84th Pl, Los Angeles, CA 90003

Property Description

We are pleased to present 315 W 84th Pl, Los Angeles, CA 90003. Built in 1937, this 2-unit property totals 1,320 rentable SF on a 5,199 SF lot. Comprised of 2 buildings, each with a single two-bedroom one-bathroom unit mix, both units are separately metered for gas and electricity. Additionally, the property offers 6 parking spaces. The property is located in the Florence neighborhood, part of the South Los Angeles area, and is within walking distance to grocery stores, restaurants and shops; easy access to I-105; adjacent to Fremont High School & 75th St Elementary School; about 14-minutes away from Downtown Los Angeles; 3.6 miles from the New SoFi Stadium; a few exits from USC; and a mere 12-minute drive without traffic to LAX. Both units are currently rented. Tenants are up to date with their rents, and all rents were paid in full and on-time each month YTD. Moreover, because 315 W 84th Pl is zoned C2-1VL-CPIO* (per ZIMAS – Buyer Shall Verify // LARD 1.5* per title), an investor may be capable of capitalizing from a highest and best potential utilization of this asset.