224 W 84th Street, Los Angeles, CA 90003
List Price: $849K
Listing Status: Active
Original List Price: $879K
0Days on Market: 123
4 Bedrooms · 3 Bathrooms · 1,933 sq ft
Property Type: ResidentialIncome
Year Built: 1922
Lot Size: 5,401 sq ft
MLS Number: 26647291
About This Property
PRICE REDUCTION!!! Opportunity-rich multi-unit property in the heart of South Los Angeles. Built in 1922 and situated on a 5,401 sq ft lot, this property is legally a duplex per public records, yet functions as a three-unit configuration, offering compelling income and value-add potential. The improvements total approximately 1,933 sq ft and include two 1-bedroom/1-bath units (one currently vacant) and one 2-bedroom/1-bath unit. The additional 1-bedroom unit was constructed in the 1950s and is not permitted, providing a potential pathway for future buyers to explore legalization, reconfiguration, or redevelopment options, subject to buyer investigation. Zoned LAR3, the property offers flexibility for long-term investors, owner-users, or developers seeking density and upside in a transit-connected urban corridor. The layout allows for strong unit separation, functional floor plans, and outdoor space, while the vacant unit presents immediate upside through renovation or repositioning. The neighborhood continues to experience steady reinvestment and infrastructure momentum. Residents enjoy convenient access to local retail corridors along Broadway, Vermont, and Florence, with grocery stores, restaurants, and everyday services nearby. Green spaces and community amenities include nearby neighborhood parks, recreation centers, and local libraries serving the South LA community. Proximity to major north-south and east-west arterials supports efficient commuting to Downtown Los Angeles, USC, Inglewood, and the Westside. With LAR3 zoning, a deep lot, and an established multi-unit footprint, this property presents multiple future-use scenarios: hold and improve, pursue unit legalization (buyer to verify), reconfigure layouts, or explore higher-density redevelopment consistent with zoning and city guidelines. A compelling opportunity for investors seeking cash flow today with long-term appreciation and redevelopment potential in one of Los Angeles' evolving infill markets.
