Multifamily
84th.142
142 W 84th St, Los Angeles, CA 90003
Listing Price: $2,800,000
Investment Overview
Marcus & Millichap is pleased to present 142 East 84th Street, a 12-unit, 100% affordable multifamily asset in Los Angeles, delivered brand-new and marketed prior to lease up.
2026 construction with all 12 units being modern one-bedroom/one-bath, spanning three stories on a 5,199 SF lot with approximately 5,890 gross SF.
Property is subject to a recorded Rental Covenant Agreement Running with the Land (LAHD, recorded
1/25/2024) under the TOC Tier 2 Affordable Housing Incentive Program - all 12 units are deed-restricted
affordable for a 55-year term from Certificate of Occupancy. Rents are subject to annual upward adjustment tied to HUD/HCD Area Median Income updates.
LAHD-administered affordability restrictions function as a long-term, government-supported income guarantee insulating cash flow from market volatility. Covenant is fully assumable and transferable.
Property features new stainless-steel appliances, all electric stoves, a dedicated bike room, and five on-site parking spaces in the rear.
Currently fully vacant - allowing the incoming owner to select and certify Eligible Households from day one in coordination LAHD.
Located near major employment nodes including SpaceX, Nike, LADWP, Charles R. Drew University of Medicine, and the LA Metro network.
84th.142
Investment Highlights
- Marcus & Millichap is pleased to present 142 East 84th Street, a 12-unit, 100% affordable multifamily asset in Los Angeles, delivered brand-new and marketed prior to lease up.
- 2026 construction with all 12 units being modern one-bedroom/one-bath, spanning three stories on a 5,199 SF lot with approximately 5,890 gross SF.
- Property features new stainless-steel appliances, all electric stoves, a dedicated bike room, and five on-site parking spaces in the rear.
Exclusively Listed By
Financing By
Listing Price: $2,800,000
Investment Highlights
- Marcus & Millichap is pleased to present 142 East 84th Street, a 12-unit, 100% affordable multifamily asset in Los Angeles, delivered brand-new and marketed prior to lease up.
- 2026 construction with all 12 units being modern one-bedroom/one-bath, spanning three stories on a 5,199 SF lot with approximately 5,890 gross SF.
- Property features new stainless-steel appliances, all electric stoves, a dedicated bike room, and five on-site parking spaces in the rear.
Investment Overview
Marcus & Millichap is pleased to present 142 East 84th Street, a 12-unit, 100% affordable multifamily asset in Los Angeles, delivered brand-new and marketed prior to lease up. 2026 construction with all 12 units being modern one-bedroom/one-bath, spanning three stories on a 5,199 SF lot with approximately 5,890 gross SF. Property is subject to a recorded Rental Covenant Agreement Running with the Land (LAHD, recorded 1/25/2024) under the TOC Tier 2 Affordable Housing Incentive Program - all 12 units are deed-restricted affordable for a 55-year term from Certificate of Occupancy. Rents are subject to annual upward adjustment tied to HUD/HCD Area Median Income updates. LAHD-administered affordability restrictions function as a long-term, government-supported income guarantee insulating cash flow from market volatility. Covenant is fully assumable and transferable. Property features new stainless-steel appliances, all electric stoves, a dedicated bike room, and five on-site parking spaces in the rear. Currently fully vacant - allowing the incoming owner to select and certify Eligible Households from day one in coordination LAHD. Located near major employment nodes including SpaceX, Nike, LADWP, Charles R. Drew University of Medicine, and the LA Metro network.
Exclusively Listed By
Financing By
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