1503 W 84th Place , Los Angeles, CA 90047
Los Angeles, CA 90047
Description
Located at 8417 S Halldale Ave, (legal address 1503 84th Pl) this 6-unit property offers a compelling combination of investment returns and owner-occupy potential in a rapidly transforming neighborhood. The property is strategically positioned just 10 minutes from the SoFi Stadium Complex, Hollywood Park, and the upcoming Intuit Dome, placing it in the heart of one of Los Angeles' most dynamic redevelopment zones. These large-scale projects are driving significant economic growth, increasing demand for housing, and boosting long-term property values in the area.With three separate buildings providing enhanced tenant privacy, the property features 3 upgraded units, including two brand-new ADUs with new roofs. Unit mix includes 1 (1+1) that could potentially be converted into a 2 bedroom, 4 (2+1) and 1 vacant 2+1.Recent improvements, such as electrical rewiring in five units and a mix of copper and PEX plumbing upgrades, further add to its appeal. Financial highlights include a 6.77% Cap Rate, 10.53 GRM, and projected 18.18% IRR, with upside potential to achieve a 7.72% Cap Rate.Convenience is another key asset, with a 78 Walk Score and 55 Transit Score, and easy access to retail, dining, and entertainment hubs. For investors, the mix of strong current returns and significant future appreciation potential makes this property a must-see opportunity. Whether you're looking to diversify your portfolio or find a hybrid investment-home solution, 8417 S Halldale Ave delivers exceptional versatility and value in an evolving, high-demand neighborhood. ***Disclaimer:The attached information and figures are projections provided solely for conceptual marketing purposes and must be verified by the prospective purchasers. Neither the Seller, KW Commercial, Kelly Morgan, their team, nor any related employees or independent contractors warrant their accuracy. Prospective purchasers should conduct their own due diligence and are advised to conduct a thorough investigation including consulting with the appropriate professionals regarding all relevant details, facts, and projections, including the ability to make any potential improvements or build an ADU on the property in question.
Details
| MLS# | 25489981 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 51 |
| Listing Provided By | KW Advisors 310-482-2200 | Kelly Morgan |
Features
| SQ Feet | 6,775 |
|---|---|
| Units | 6 |
| Building(s) | 3 |
| Zoning | LARD2 |
| Acreage | 0.16 |
Market Activity 90047
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90047 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (In 90047) | |
Price: $1,888,000 low | high Med: $749,450 SqFt: 6,775 low | high Med: 1,167 $ / SqFt: $279 low | high Med: $644 On site: 51 low | high Med: 122.000000 | |