Duplex with Income
759 E 84th St, Los Angeles, CA 90001
For Sale
Contact for pricing
Two properties with rental income, tenants can vacate.
Property Size2,608 SF
Lot Size0.12 Acres
Price / SF$299.08
Days on Market1801
Property Features for 759 E 84th St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Stories
Units
Listing Agency:
Major Properties
Listed By:
Daniel Moussazadeh · License CA #02058572
(310) 999-9437
Source:
Crexi
Added: Dec 5, 2021
Changed: Oct 25
Last Checked: Aug 14 at 5:59AM
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 Major Properties
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Investment Insights
Based on property information with market context.
This offering includes two properties that can be purchased together or separately. The first property, located at 759 E 84th St, features a 1,048 square foot, one-story house situated on a 3,440 square foot lot. This unit includes 2 bedrooms, 1 bathroom, a 2-car garage, and a fenced rear yard. The current Section 8 tenant pays $1,512.20 per month and can vacate upon the close of escrow. The second property, located at 8315 McKinley Ave, is a 560 square foot, one-story accessory dwelling unit on a 1,660 square foot lot. This unit has 1 bedroom and 1 bathroom. The Section 8 tenant currently pays $1,124 per month and can also vacate upon the close of escrow. The properties were built in 1927 and are zoned LA R2. The location is 3 blocks north of Manchester Ave and 2 blocks east of Avalon Blvd.
Key Highlights
- Two properties available: a 2‑bedroom house and a 1‑bedroom accessory dwelling unit.
- Income‑generating potential: Both properties have Section 8 tenants.
- Tenants can vacate upon close of escrow.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,545
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,900
$910.9K
Cap Rate 7%
$650,643
$650.6K
Cap Rate 9%
$506,056
$506.1K
Market Conditions
NOI Build-Up for 2,608 SF
Gross rent
$70.4K $27.00/SF
− Vacancy
−$5.4K −$2.05/SF
EGI
$65.1K $24.95/SF
− OpEx
−$19.5K −$7.48/SF
NOI
$45.5K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,900
Cap Rate 7%
$650,643
Cap Rate 9%
$506,056
Alternative Uses
Best Use
Multifamily LT 5
$650.6K
$569.3K – $759.1K
NOI $45,545 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$599.5K
$524.6K – $699.4K
NOI $41,965 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.09M
$952.8K – $1.27M
NOI $76,221 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
1,175
Businesses Nearby
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Business Placement
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Los Angeles, CA
Properties on Market for Duplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two properties with rental income, tenants can vacate.
Where is this duplex located?
The property is located at 759 E 84th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Two properties available: a **2‑bedroom house** and a **1‑bedroom accessory dwelling unit.**; Income‑generating potential: Both properties have Section 8 tenants.; Tenants can vacate upon close of escrow.
