207 W 85th Place, Los Angeles, California 90003, Los Angeles, 90003 - 5 bed, 2 bath
ACTIVE$899,999
207 W 85th Place, Los Angeles, California 90003
5Beds
2Baths
1,783Sqft
5,399Lot
Year Built
1912
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$505
HOA
-
Days on market
-
Sold On
-
MLS number
PW25104695
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $900.0K(81th), sqft - 1783(50th), beds - 5(83th), baths - 2(74th).
Welcome to 207 W 85th Place—a meticulously maintained duplex offering versatility and strong income potential. This Craftsman-style property, built in 1912, seamlessly blends historic charm with modern updates. This property is in a quiet residential neighborhood, offering comfort and convenience. Its proximity to local schools, public transportation, and major freeways makes it an ideal location for tenants and homeowners alike. Whether you're an investor seeking a turnkey rental property or a homeowner looking for a residence with additional income potential, 207 W 85th Place presents a compelling opportunity.
Price History
Date
Event
Price
06/01/22
Sold
$850,000
04/15/16
Sold
$434,000
08/25/09
Sold
$315,000
11/21/08
Sold
$220,000
Condition Rating
Fair
Built in 1912, this property has significant age. While the description mentions 'modern updates' and being 'meticulously maintained,' the provided interior image of a bedroom shows outdated, worn dark brown carpet and an older ceiling fan, suggesting cosmetic updates are needed. The exterior paint appears newer, but the concrete driveway and landscaping are unkempt. The lack of specific details or images for the kitchen and bathrooms, combined with the visible dated interior finishes, indicates that while the property is functional and likely maintained, it requires minor updates and repairs to meet current aesthetic standards. Major systems, despite potential updates, are likely aged and may show signs of being outdated, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Strong Income Potential & Versatility: As a meticulously maintained duplex, the property offers significant rental income potential, appealing to investors or owner-occupants looking to offset mortgage costs.
Historic Craftsman Charm with Modern Updates: The 1912 Craftsman-style property seamlessly blends historic architectural appeal with modern updates, offering a unique combination of character and contemporary living.
Meticulously Maintained Condition: Described as 'meticulously maintained,' the property suggests good overall condition, potentially reducing immediate repair and renovation costs for a new owner.
Prime Residential Location: Situated in a quiet residential neighborhood with excellent proximity to local schools, public transportation, and major freeways, enhancing its appeal to both tenants and homeowners.
Duplex Configuration: The property's duplex status provides flexibility for various living arrangements or investment strategies, maximizing its utility and market appeal in a high-demand area like Los Angeles.
Cons
Advanced Age of Structure: Built in 1912, the property's age, despite updates, may lead to ongoing maintenance requirements for original systems (e.g., plumbing, electrical, foundation) not explicitly mentioned as fully replaced.
Lack of Specific Views: The property description explicitly states 'view: None,' which could be a disadvantage in a market where properties with desirable views often command higher values.
Unspecified Scope of Modern Updates: While 'modern updates' are mentioned, the description lacks specifics on what was updated (e.g., kitchen, bathrooms, HVAC, electrical, plumbing), leaving potential buyers to infer the extent of recent renovations and future capital expenditures.