Newly Built
For Sale
$1,679,000
236 W 84th, Los Angeles, CA 90003
Newly built 2024 triplex with a three-unit layout, fully leased, and separate utility metering paid by tenants.
Days on Market178
Property Features for 236 W 84th
General Information
Standard status
Active
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
2 x 5BR/3BA, 1 x 3BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Amenities
solar
Building Details
Building Size
3,848 SF
Year Built
2024
Listing Agency:
LOU EDWARDS FINANCIAL INC.
Listed By:
LOU WU · License #02154371
Source:
Truthrealty
Added: Feb 2
Changed: Jul 30
Last Checked: Jul 30 at 8:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LOU EDWARDS FINANCIAL INC.
Investment Insights
Based on property information with market context.
Newly built in 2024, this three-unit triplex is fully leased and stated as not subject to rent or eviction control. The property provides a unit mix of two five-bedroom, three-bath units and one three-bedroom, one-bath unit, for almost 4,000 square feet of living space. Each five-bedroom, three-bath unit includes two covered parking spaces, with additional uncovered parking available on the lot.
The property is described as having all utilities separately metered and paid by tenants, and includes fully paid off solar intended to assist tenants. The offering is positioned as cash flowing with established occupancy, with a current cap rate over 6.2% and a pro forma cap rate of 7.48%.
Additional context noted with the property includes proximity to USC and access to plentiful parking for tenants and guests.
The property is described as having all utilities separately metered and paid by tenants, and includes fully paid off solar intended to assist tenants. The offering is positioned as cash flowing with established occupancy, with a current cap rate over 6.2% and a pro forma cap rate of 7.48%.
Additional context noted with the property includes proximity to USC and access to plentiful parking for tenants and guests.
Key Highlights
- Built in 2024; described as not subject to rent or eviction control
- Fully leased three‑unit triplex with almost 4,000 SF of living space
- Two 5‑bedroom, 3‑bath units plus one 3‑bedroom, 1‑bath unit
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 | $127.0k | $33.00 |
| − Vacancy | −$2.5k | −$0.66 |
| EGI | $124.4k | $32.34 |
| − OpEx | −$37.3k | −$9.70 |
| NOI | $87.1k | $22.64 |
3,848 SF · lease $33.00/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$68.03M
$59.53M – $79.37M
NOI $4,762,108 @ 7.0% cap · market cap 283.63%
Second Best
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $87,111 @ 7.0% cap · market cap 5.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,338
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Newly built 2024 triplex with a three-unit layout, fully leased, and separate utility metering paid by tenants.
Where is this triplex located?
The property is located at 236 W 84th Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,679,000.
What are key features of this property?
This property features: Built in 2024; described as not subject to rent or eviction control; Fully leased three‑unit triplex with almost 4,000 SF of living space; Two 5‑bedroom, 3‑bath units plus one 3‑bedroom, 1‑bath unit
