224 W 84th St Los Angeles, CA 90003
MULTI_FAMILY - Los Angeles, CA
Property Features for 224 W 84th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LAR3
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 3
- Parking
- 4
- Parking features
- Driveway
- Standard status
- Active
- APN
- 6040-002-024
- Size
- 1,933 SF
- Lot size
- 0.12 Acres
Building Details
- Year built
- 1922
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Mixed
- Roof type
- Composition, Shingle
- Architectural style
- Other
Listing agent Kory Jackson License #01315324 (310) 717-3720
Listing office eXp Realty of California Inc 2603 Camino Ramon, Eureka, CA (888) 584-9427
Listing date Jul 14, 2026
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The layout provides unit separation and includes outdoor space. The vacant unit(s) may allow for immediate upside through renovation or repositioning. For future use, the property’s established multi-unit footprint and LAR3 zoning provide flexibility for hold-and-improve strategies or redevelopment scenarios consistent with zoning and city guidelines.
Key Highlights
- Built in 1922 duplex per public records; currently functions as a three‑unit configuration
- 1,933 sq ft of improvements on a 5,401 sq ft lot
- 2 one‑bedroom/one‑bath units (one currently vacant) plus a 2‑bedroom/1‑bath unit (also vacant)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.8k | $33.00 |
| − Vacancy | −$1.3k | −$0.66 |
| EGI | $62.5k | $32.34 |
| − OpEx | −$18.8k | −$9.70 |
| NOI | $43.8k | $22.64 |
