142 E 84th Street, Los Angeles, CA 90003

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Champions
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:70 day(s) ago
  • Updated:August 14, 2026 at 11:19 AM

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

Finances and disclosures

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

Parking

  • Total parking spaces:5
  • Parking description:Uncovered
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