142 E 84th Street, Los Angeles, CA 90003

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
142 E 84th Street,Los Angeles, CA 90003
$2,800,000
  • 12 Beds
  • 12 Baths
  • 5,890 sq. ft.
  • Multi-family
  • Active
Listed by: neema ahadian
Office: marcus & millichap310-909-5500
MLS#:26843201
Source:CRMLS

Price summary

  • Price:$2,800,000
  • Price per sq. ft.:$475.38

About this home

We are pleased to present 142 East 84th Street, a brandnew,12-unit 100% affordable multifamily asset located in South Los Angeles, offered at $2,800,000 ($233,333/unit | $475/SF). Being brought out to market vacant, the property consists entirely of one-bedroom/one-bath units across three stories on a 5,199 SF lot and requires no deferred maintenance or capital investment. The asset is subject to a recorded Rental Covenant Agreement Running with the Land administered by the Los Angeles Housing Department under the City's TOC Tier 2 Affordable Housing Incentive Program, restricting all 12 units as deed-restricted affordable for a 55-yearterm from Certificate of Occupancy. The covenant structure functions a s along-term, government-supported income guarantee, delivering a current caprate of 7.69% and NOI of $215,402, with a pro forma cap rate of 8.45% and NOI of $236,651 as rents adjust to prevailing AMI levels. The covenant is fully assumable and transferable, with a straightforward...

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Home facts

  • Year built:2026
  • Listing ID #:26843201
  • Added:24 day(s) ago
  • Updated:June 29, 2026 at 01:44 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:12
  • Living area:5,890 sq. ft.

Structure and exterior

  • Year built:2026
  • Building area:5,890 sq. ft.
  • Lot area:0.12 Acres
  • Levels:Three Or More

Finances and disclosures

  • Price:$2,800,000
  • Price per sq. ft.:$475.38

Parking

  • Total parking spaces:5
  • Parking description:Uncovered
Based on information from California Regional Multiple Listing Service, Inc. as of June 29, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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