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1459 W 85Th St, Los Angeles, CA 90047
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1459 W 85Th St Los Angeles, CA 90047

$1,100,000
  • 13 Beds
  • 6 Baths
  • 3,258 Sq.Ft.
For Sale
$1,100,000 Get Pre-Qualified
Map preview of 1459 W 85Th St, Los Angeles, CA 90047

Property Overview: 1459 W 85Th St Los Angeles, CA has 13 bedrooms, 6 bathrooms, 3,258 living square feet and 6,686 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: Welcome to an exceptional investment opportunity! This distinctive triplex is a rare find, featuring a charming front house with 3 spacious bedrooms and 1 bathideal for family living or as a lucrative rental. Nestled behind it is a well-maintained duplex, each unit boasting 2 bedrooms and 1 bath, complete with convenient in-unit washer and dryer hookups. These units are meticulously cared for and in excellent condition, offering tremendous potential for value appreciation. Located just minutes from the thriving Inglewood area, this property's prime location adds to its appeal. Whether you're looking to diversify your portfolio or secure a solid income-producing asset, this gem won't be on the market for long. Seize this opportunity to invest in a property with significant upside in a sought-after neighborhood!

Listed by Melissa Knight | BRE #01184594 | The Hills Premier Realty
Last checked: 11 minutes ago | Last updated: September 12th, 2024 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft
6,686
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24430289
City
Los Angeles
County
Los Angeles
Time on Site
26 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,450
  • Total Rent: $3,450
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: --
  • Net Operating Income: $113,850
  • Gross Operating Income: $77,400
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1459 W 85Th St

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Property Details for 1459 W 85Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Attached Carport, Garage - Single Door
Property Information
  • Total # of Units: 3
  • Parcel Number: 6034028024
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Western
View more facts & features

Local Los Angeles Agent

Sale History for 1459 W 85Th St

Last sold for $690,000 on November 27th, 2017

  • August, 2024

  • Aug 21, 2024

    Date

    Active

    CRMLS: 24430289

    $1,100,000

    Price

  • November, 2017

  • Nov 28, 2017

    Date

    Sold

    CRMLS: 17266670

    $690,000

    Price

  • Nov 18, 2017

    Date

    Pending

    CRMLS: 17266670

    $675,000

    Price

  • Nov 6, 2017

    Date

    Active

    CRMLS: 17266670

    $675,000

    Price

  • Oct 11, 2017

    Date

    Price Change

    CRMLS: 17266670

    $675,000

    Price

  • Oct 10, 2017

    Date

    Active

    CRMLS: 17266670

    $595,000

    Price

  • Oct 4, 2017

    Date

    Hold

    CRMLS: 17266670

    $595,000

    Price

  • Sep 2, 2017

    Date

    Active

    CRMLS: 17266670

    $595,000

    Price

  • Listing provided courtesy of CRMLS

    BACK ON THE MARKET AND A BETTER DEAL THAN BEFORE. The rear Units now Vacant! Huge Corner lot property. Front house features 3 bedrooms and 1 bath. Rear duplex features 2 units with 2 beds and 1 bath each. All units have W/D hookups inside and have been well-maintained. Seller reports that units just passed inspection by city of LA. New roof, new electrical panel, some new windows, Smoke and CO2 detectors. Buyer to conduct due diligence. There is a carport, a garage and a storage room. Solid, bread and butter property with room to update and upgrade and capture tons of upside potential. Front house is tenant occupied. Property subject to LA City rent control. Available for viewing with accepted offer. See Private Remarks.

  • November, 2017

  • Nov 27, 2017

    Date

    Sold (Public Records)

    Public Records

    $690,000

    Price

Show More

Tax History for 1459 W 85Th St

Assessed Value (2020): $717,876
Year Land Value Improved Value Assessed Value
2020 $624,240 $93,636 $717,876

Home Value Compared to the Market

This property vs the competition

1459 W 85Th St is listed 8.33% 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 $337.63 per/sqft which puts the price per square foot 56.04% lower than the median price per square foot for the city of Los Angeles.

About 1459 W 85Th St

Detailed summary of property

1459 W 85Th St is a multi family located in Los Angeles, CA 90047 and is currently for sale. This multi family property offers 13 bedrooms, 6 bathrooms, roughly 3,258 living square feet, and sits on an approximately 6,686 square foot lot. 1459 W 85Th St was first listed on ArdentRealEstateGroup.com on August 24, 2024. The homeowner is currently asking $1,100,000. 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 8.33% lower than the median priced home. Local competing homes currently for sale include 7612 S S Hoover St St, 725 W 77th St and 526 W 84th St. While the average home in Los Angeles, CA is selling in 106 days, 1459 W 85Th St has a days on market of 29 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 1459 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 1459 W 85Th St

Public county record property details
Beds
7
Baths
3
Year built
1938
Sq. Ft.
3,258
Lot Size
6,684
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
639
APN
6034-028-024

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
$750,000
Median List Price/Sq.Ft.
$566
Median Sold Price
$795,000
Median Sold Price/Sq.Ft.
$561
Total Inventory
106
Median Sale to List Price %
99.39%
Avg Days on Market
43
Loan Type
Conventional (37.5%), FHA (45.83%), VA (0%), Cash (8.33%), Other (4.17%)

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Recently Sold Homes Near 1459 W 85Th St

1439 W 85th St, Los Angeles, CA 90047
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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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