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857 W 85th St, Los Angeles, CA 90044
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857 W 85th St Los Angeles, CA 90044

$849,500
  • 10 Beds
  • 6 Baths
  • 2,516 Sq.Ft.
For Sale
$849,500 Get Pre-Qualified
Map preview of 857 W 85th St, Los Angeles, CA 90044

Property Overview: 857 W 85th St Los Angeles, CA has 10 bedrooms, 6 bathrooms, 2,516 living square feet and 9,117 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: We are pleased to present this RARE fully occupied 3 units & 9,115 SF. lot in a popular/dense rental market just minutes from the Forum and the new So-Fi Football Stadium. The Clipper's new stadium is now under construction. This lot has the potential to build 20 units fully utilizing TOC Tier 2. This land can also be developed as 60-Unit QUALIFIED PERMANENT SUPPORTIVE HOUSING development. Property sold in its AS-IS condition and buyer to verify all information. Hurry, this property won't last!

Listed by John C. Pak | BRE #01898649 | Philco Realty
Last checked: 15 minutes ago | Last updated: June 8th, 2024 | Source CRMLS | DOM: 192
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Home details

Lot Sq. Ft
9,117
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23338677
City
Los Angeles
County
Los Angeles
Time on Site
190 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $852
  • Total Rent: $852
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,011
  • Total Rent: $1,011
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,714
  • Total Rent: $1,714
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 857 W 85th St

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Property Details for 857 W 85th St

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 6032011031
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Manchester Ave & West of South Hoover Street
View more facts & features

Local Los Angeles Agent

Sale History for 857 W 85th St

Last sold for $650,000 on November 18th, 2020

  • December, 2023

  • Dec 11, 2023

    Date

    Active

    CRMLS: 23338677

    $999,500

    Price

  • December, 2023

  • Dec 5, 2023

    Date

    Canceled

    CRMLS: 23291221

    $999,500

    Price

  • Jul 17, 2023

    Date

    Active

    CRMLS: 23291221

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present this RARE fully occupied 3 UNIT & 9,115 SF. lot in a popular/dense rental market just minutes from the Forum and the new So-Fi Football Stadium. The Clipper's new stadium is now under construction. This lot has potential to build 20 unit fully utilizing TOC Tier 2. This land also can be developed as 60-Unit QUALIFIED PERMANENT SUPPORTIVE HOUSING development. Property sold in its AS-IS condition and buyer to verify all information. Hurry, this property won't last!

  • July, 2023

  • Jul 18, 2023

    Date

    Canceled

    CRMLS: 22171713

    $1,750,000

    Price

  • Jun 23, 2022

    Date

    Active

    CRMLS: 22171713

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    120-UNIT QUALIFIED PERMANENT SUPPORTIVE HOUSING DEVELOPMENT OPPORTUNITY! 635 W. 82nd Street, Los Angeles, CA 90044 and 857 W. 85th Street, Los Angeles, CA 900442. These two parcels are less than a mile apart! Both parcels asking $3,500,000 - ($1,750,000 - EACH!) Just received second-level approval for a 60-unit complex for supportive housing combining 120 units in total. 635 W. 82nd Street and 857 W. 85th Street, Los Angeles, CA 90044, are nearby Manchester Avenue and Vermont Avenue, just West of the 110 Harbor Freeway.

  • July, 2023

  • Jul 18, 2023

    Date

    Canceled

    CRMLS: 22168943

    $1,750,000

    Price

  • Jun 16, 2022

    Date

    Active

    CRMLS: 22168943

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    120-UNIT QUALIFIED PERMANENT SUPPORTIVE HOUSING DEVELOPMENT OPPORTUNITY! 635 W. 82nd Street, Los Angeles, CA 90044 and 857 W. 85th Street, Los Angeles, CA 900442. These two parcels are less than a mile apart! Both parcels asking $3,500,000 - ($1,750,000 - EACH!) Just received second-level approval for a 60-unit complex for supportive housing combining 120 units in total. 635 W. 82nd Street and 857 W. 85th Street, Los Angeles, CA 90044, are nearby Manchester Avenue and Vermont Avenue, just West of the 110 Harbor Freeway.

  • October, 2021

  • Oct 18, 2021

    Date

    Active

    CRMLS: 21796484

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    A 120 unit development opportunity for sale. 635 W. 82nd Street, Los Angeles, CA 90044 and 857 W. 85th Street, Los Angeles, CA 90044 two phenomenal affordable housing opportunities. Both projects have received first level approval for a 60-unit complex for supportive housing combining for 120 units in total.635 W. 82nd Street and 857 W. 85th Street, Los Angeles, CA 90044, are nearby Manchester Avenue and Vermont Avenue, just West of the 110 Harbor Freeway. If you are a Los Angeles resident, you know that homelessness is arguably the most jarring issue that local and city governments are trying to handle. In the United States, there are more than 568,000 homeless people, with 151,000 of those in California and 66,000+ in Los Angeles alone. Proposition HHH, approved by voters in November of 2016, authorizes the city to issue up to $1.2B in General Obligation (GO) bonds to finance the development of permanent supportive housing, affordable housing, and facilities.

  • November, 2020

  • Nov 18, 2020

    Date

    Sold

    CRMLS: SR20182111

    $650,000

    Price

  • Sep 23, 2020

    Date

    Pending

    CRMLS: SR20182111

    $649,900

    Price

  • Sep 9, 2020

    Date

    Active

    CRMLS: SR20182111

    $649,900

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity in the heart of Los Angeles! Located just minutes from DTLA and USC, the property offers three separately metered units, lots of parking, and a steady stream of passive income. The large 3 bed, 1 bath front unit features an open living and dining room with tile flooring, lots of light, and spacious bedrooms with hardwood floors and large closets. Middle unit has 1 bed 1 bath and detached back house has two 2 bed, 1 bath units for additional revenue potential. Centrally located to schools, public transit, the 110 and 105 freeways, shopping, and much more, don’t miss this great hold or flip investment opportunity!

  • November, 2020

  • Nov 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

  • November, 2016

  • Nov 30, 2016

    Date

    Sold (Public Records)

    Public Records

    $475,000

    Price

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Tax History for 857 W 85th St

Assessed Value (2020): $504,273
Year Land Value Improved Value Assessed Value
2020 $371,422 $132,851 $504,273

Home Value Compared to the Market

This property vs the competition

857 W 85th St is listed 32.04% lower than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $337.64 per/sqft which puts the price per square foot 56.71% lower than the median price per square foot for the city of Los Angeles.

About 857 W 85th St

Detailed summary of property

857 W 85th St is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 10 bedrooms, 6 bathrooms, roughly 2,516 living square feet, and sits on an approximately 9,117 square foot lot. 857 W 85th St was first listed on ArdentRealEstateGroup.com on December 12, 2023. The homeowner is currently asking $849,500 and was originally asking $999,500. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 32.04% lower than the median priced home. Local competing homes currently for sale include 523 W 76th Street, 523 W 76th Street and 7704 S Grand Ave. While the average home in Los Angeles, CA is selling in 98 days, 857 W 85th St has a days on market of 192 days. There are currently 3912 homes for sale in the Los Angeles real estate market and 2639 of them are single family homes while 1161 of them are condos and 105 are townhomes. For more information on this home for sale at 857 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 857 W 85th St

Public county record property details
Beds
8
Baths
4
Year built
1926
Sq. Ft.
2,516
Lot Size
9,114
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
70
APN
6032-011-031

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.
$518
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
83
Median Sale to List Price %
104.62%
Avg Days on Market
30
Loan Type
Conventional (12.5%), FHA (41.67%), VA (0%), Cash (16.67%), Other (4.17%)

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Recently Sold Homes Near 857 W 85th St

827 W 85th St, Los Angeles, CA 90044
$850,000 Last Sold Price
3 Beds
4 Baths
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827 W 85th St
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847 W 84th St, Los Angeles, CA 90044
$950,000 Last Sold Price
8 Beds
8 Baths
4096 Sq.Ft.
847 W 84th St
Los Angeles, CA 90044
833 W 84th St, Los Angeles, CA 90044
$705,000 Last Sold Price
7 Beds
3 Baths
1253 Sq.Ft.
833 W 84th St
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8625 Orchard Ave, Los Angeles, CA 90044
$1,100,000 Last Sold Price
10 Beds
6 Baths
3506 Sq.Ft.
8625 Orchard Ave
Los Angeles, CA 90044

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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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