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1439 W 85Th St, Los Angeles, CA 90047
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1439 W 85Th St Los Angeles, CA 90047

$1,305,000 Sold Price as of 12/20/2022
  • 11 Beds
  • 7 Baths
  • 4,844 Sq.Ft.
Sold
$1,305,000 Sold Price as of 12/20/2022 Refinance Your Mortgage
Map preview of 1439 W 85Th St, Los Angeles, CA 90047

Property Overview: 1439 W 85Th St Los Angeles, CA has 11 bedrooms, 7 bathrooms, 4,844 living square feet and 6,685 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: *** 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.

Listed by Max Berger | BRE #02054048 | Compass
Last checked: 13 minutes ago | Last updated: March 18th, 2023 | Source CRMLS | DOM: 65

Home details

Lot Sq. Ft
6,685
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22198920
City
Los Angeles
County
Los Angeles
Time on Site
603 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $728
  • Total Rent: $728
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,263
  • Total Rent: $2,263
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,549
  • Total Rent: $1,549
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $915
  • Total Rent: $915
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 6
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $754
  • Total Rent: $1,508
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.39%
  • Gross Rent Multiplier: 12.15
  • Gross Scheduled Income: --
  • Net Operating Income: $74,247
  • Gross Operating Income: $111,779
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1439 W 85Th St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Side by Side, Uncovered
Property Information
  • Total # of Units: 7
  • Parcel Number: 6034028020
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is located 1 block North of W. Manchester Avenue and 1/2 block East of S. Normandie Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 1439 W 85Th St

Last sold for $1,305,000 on December 20th, 2022

  • December, 2022

  • Dec 20, 2022

    Date

    Sold

    CRMLS: 22198920

    $1,305,000

    Price

  • Sep 12, 2022

    Date

    Active

    CRMLS: 22198920

    $1,500,000

    Price

  • December, 2018

  • Dec 28, 2018

    Date

    Sold

    CRMLS: 18347796

    $957,900

    Price

  • Nov 28, 2018

    Date

    Pending

    CRMLS: 18347796

    $1,100,000

    Price

  • Nov 20, 2018

    Date

    Sold

    CRMLS: 18347796

    $957,900

    Price

  • Nov 1, 2018

    Date

    Pending

    CRMLS: 18347796

    $1,100,000

    Price

  • May 26, 2018

    Date

    Active

    CRMLS: 18347796

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Well maintained 7 unit building located on a mostly residential street. Newer building, build in 1964. 3 bedroom 1 bath owners unit. some upgrades. Coin operate laundry room. Parking lot in the rear. Building has lots of upside. Many of the rents are low. PROBATE sale with court confirmation needed. Property is being sold in it "as is" present condition, no warranties. Buyers to satisfy themselves as to condition of property. Drive by only, please do not disturb occupants. Call listing agents for more details. Thanks for your cooperation. Please see private remarks for Court confirmation information!!!

  • December, 2018

  • Dec 12, 2018

    Date

    Sold (Public Records)

    Public Records

    $958,000

    Price

  • December, 2018

  • Dec 12, 2018

    Date

    Sold (Public Records)

    Public Records

    $957,900

    Price

Show More

Tax History for 1439 W 85Th St

Assessed Value (2020): $1,632,000
Year Land Value Improved Value Assessed Value
2020 $1,224,000 $408,000 $1,632,000

Home Value Compared to the Market

This property vs the competition

1439 W 85Th St sold on December 20, 2022 for 17.65% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $289.02 per/sqft which puts the price per square foot 61.72% lower than the current median sale per square foot for the city of Los Angeles.

About 1439 W 85Th St

Detailed summary of property

1439 W 85Th St is a multi family that recently sold in Los Angeles, CA 90047. This multi family property offered 11 bedrooms, 7 bathrooms, roughly 4,844 living square feet, and sits on an approximately 6,685 square foot lot. 1439 W 85Th St was first listed on ArdentRealEstateGroup.com on September 14, 2022. The homeowner sold the property for $1,305,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 17.65% higher than the current median priced home. Local homes that are currently for sale include 138 W 66th St, 5321 Denker Ave and 9004 S San Pedro St. While the average home in Los Angeles, CA is selling in 94 days, 1439 W 85Th St has a days on market of 65 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1439 W 85Th St Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1439 W 85Th St

Public county record property details
Beds
9
Baths
7
Year built
1964
Sq. Ft.
4,844
Lot Size
6,685
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
635
APN
6034-028-020

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$760,000
Median List Price/Sq.Ft.
$536
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$559
Total Inventory
86
Median Sale to List Price %
94.29%
Avg Days on Market
35
Loan Type
Conventional (26.32%), FHA (10.53%), VA (5.26%), Cash (26.32%), Other (0%)

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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.

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