1145 W 85Th St, Los Angeles, CA 90044
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1145 W 85Th St Los Angeles, CA 90044

$725,000
  • 12 Beds
  • 9 Baths
  • 1,700 Sq.Ft.
For Sale
$725,000 Get Pre-Qualified

Map preview of 1145 W 85Th St, Los Angeles, CA 90044

Property Overview: 1145 W 85Th St Los Angeles, CA has 12 bedrooms, 9 bathrooms, 1,700 living square feet and 5,575 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Exceptional investment opportunity awaits at 1145 W 85th Street in the heart of Los Angeles! This triplex is ideally located just minutes from major sports and entertainment venues, including SoFi Stadium, the Kia Forum, and the Los Angeles Memorial Coliseum. Whether you're a savvy investor or looking for a property with rental income potential, this location offers prime accessibility to LA's booming entertainment district. The property features three units, each with its own unique layout, offering excellent income potential. While the units are in need of updating, this is a golden opportunity for those looking to renovate and add significant value. With some modern upgrades and personal touches, these units could command premium rental rates in this highly desirable area. The front house has 2 bedrooms and 1 bath, the second rear unit is a one bedroom one bath and the last unit is 1 bedroom 1 bath. The property also has potential to build an ADU in the back making this a 4 unit property! So many possibilities with this opportunity! This property is also in close proximity to the new college being built on Western Ave! Additional highlights include a spacious lot with plenty of on-site parking and easy access to public transportation, major freeways, shopping, dining, and entertainment. Don’t miss out on this rare chance to own a multi-unit property in one of LA's most exciting neighborhoods. Perfect for an investor or owner-occupier looking for rental income! This property has endless potential—come see for yourself!

Listed by Michelle Sferrino | BRE #01765833 | KASE Real Estate, Inc.
Last checked: 14 minutes ago | Last updated: September 12th, 2024 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
5,575
HOA Dues
$0/mo
Year built
1950
Garage
3 Car
Property Type:
Triplex
Status
Active
MLS#
OC24183034
City
Los Angeles
County
Los Angeles
Time on Site
8 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $36,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $4,000
  • Net Operating Income: $36,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $500
  • Trash: $1
  • Insurance: $200
  • Water/Sewer: $200

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Property Details for 1145 W 85Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Total # of Units: 3
  • Parcel Number: 6033014024
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: N of Manchester Ave, W of Western Ave, S of Florence Ave
Neighborhood Information
  • Community Features: Sidewalks
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Sale History for 1145 W 85Th St

Last sold for $170,000 on July 30th, 1999
  • September, 2024

  • Sep 11, 2024

    Date

    Active

    CRMLS: OC24183034

    $725,000

    Price

  • July, 1999

  • Jul 30, 1999

    Date

    Sold (Public Records)

    Public Records

    $170,000

    Price

  • April, 1999

  • Apr 14, 1999

    Date

    Sold (Public Records)

    Public Records

    $124,000

    Price

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Tax History for 1145 W 85Th St

Assessed Value (2020): $238,896
Year Land Value Improved Value Assessed Value
2020 $154,583 $84,313 $238,896

Home Value Compared to the Market

This property vs the competition

1145 W 85Th St is listed 39.58% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $426.47 per/sqft which puts the price per square foot 44.47% lower than the median price per square foot for the city of Los Angeles.

About 1145 W 85Th St

Detailed summary of property

1145 W 85Th St is a triplex located in Los Angeles, CA 90044 and is currently for sale. This triplex offers 12 bedrooms, 9 bathrooms, roughly 1,700 living square feet, and sits on an approximately 5,575 square foot lot. 1145 W 85Th St was first listed on ArdentRealEstateGroup.com on September 11, 2024. The homeowner is currently asking $725,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 39.58% lower than the median priced home. Local competing homes currently for sale include 836 W 93rd St, 940 W 76th St and 1622 W 84th St. While the average home in Los Angeles, CA is selling in 106 days, 1145 W 85Th St has a days on market of 8 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1145 W 85Th St Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1145 W 85Th St

Public county record property details
Beds
4
Baths
4
Year built
1950
Sq. Ft.
1,700
Lot Size
5,574
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
72
APN
6033-014-024

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$513
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
87
Median Sale to List Price %
102.58%
Avg Days on Market
27
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.