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1523 E 85th Street, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

1523 E 85th Street, Los Angeles, California 90001 home-pic-0
ACTIVE$1,050,000
1523 E 85th Street, Los Angeles, California 90001
0Bed
0Bath
3,770Sqft
7,794Lot
Year Built
1988
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$279
HOA
-
Days on market
-
Sold On
-
MLS number
FR25070225
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.05M(93th), sqft - 3770(93th), beds - undefined(50th), baths - undefined(50th).

Prime 4-Unit Income Property – Great Potential! Seize this incredible investment opportunity with this 4-unit multifamily property, offering immediate rental income and strong future upside! Situated in a desirable neighborhood, this well-maintained property features four spacious units, each with consistent tenants, ensuring steady cash flow from day one. This property presents a great opportunity for investors looking to expand their portfolio with an asset that has both immediate returns and long-term appreciation potential. Whether you're seeking a buy-and-hold investment or a value-add renovation project, this income-generating property is a must-see! Don’t miss out!

Price History

Date
Event
Price
04/09/25
$1,050,000
12/05/14
Sold
$490,000
01/27/03
Sold
$345,000
Condition Rating
Fair
The property was built in 1988. The images show a well-maintained exterior, but the interior condition of the kitchens and bathrooms is not visible. Given the age, it's likely that the property requires minor updates or repairs to bring it up to modern standards. It appears to be maintained through regular upkeep.
Pros & Cons

Pros

Income Potential: The property is a 4-unit multifamily building, providing immediate rental income and strong future upside for investors.
Consistent Tenancy: Each unit has consistent tenants, ensuring steady cash flow from day one.
Investment Opportunity: Presents a great opportunity for investors looking to expand their portfolio with an asset that has both immediate returns and long-term appreciation potential.
Desirable Neighborhood: Situated in a desirable neighborhood, increasing its appeal to renters and potential for appreciation.
Well-Maintained: The property is described as well-maintained, suggesting lower immediate maintenance costs.

Cons

Limited Description: The description lacks specific details about the condition of the units, potential renovations needed, or specific amenities.
Neighborhood Details: The description mentions a 'desirable neighborhood' but lacks specifics about nearby amenities, schools, or safety, which are important for attracting quality tenants.
Year Built: Built in 1988, the property may require updates to meet current tenant expectations and building codes.

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