1439 W 85th Street, Los Angeles CA, 90047

Sold

1439 W 85th Street

Los Angeles CA, 90047

$1,305,000

$269.41 per sqft

Sold

11 Beds

7 Baths

4,844 sqft

Residential

Built in 1964

Listed by Max Berger with Compass 310-230-5478

*** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1439 W. 85th Street is a 7-unit value-add property in South Los Angeles operating at a 5.39% current CAP and offers investors approx. 50% upside in rents . Located near the intersection of S. Normandie Ave and Manchester Ave, the subject property is comprised of (1) three-bdrm. and one-bath unit, (2) two-bdrm. and one-bath units and (4) one-bdrm. units that generate approx. $9,600+ in gross monthly income. Based on market rents on renovated units in the area, we believe a future investor could achieve approx. $14,400+ in gross monthly income and operate the building at a 9.41% pro-forma CAP. The property amenities include on-site parking and a community laundry room.

22198920

MLSⓇ ID

September 12, 2022

Listed

March 23, 2024

Updated

Map

1439 W 85th Street
Los Angeles CA, 90047

Interior Features

Total Stories: 2
Bedrooms: 11 Beds
Bathrooms: 7 Baths
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.15 Acres

Other Property Details

Area Name: C36 - Metropolitan Southwest
Days on Market: 65
Garage: No
Parking: Side By Side, Uncovered
Parking Total: 7
View: No
County: Los Angeles
Pool: No
Zoning: LARD2
Buyer Agency Compensation: 2%

Listing Contact: 310-230-5478

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:29 AM UTC