RealKey
‪(213) 433-7766‬

606 W 85th Street, Los Angeles, California 90044, Los Angeles, 90044 - 4 bed, 2 bath

606 W 85th Street, Los Angeles, California 90044 home-pic-0
ACTIVE$550,000
606 W 85th Street, Los Angeles, California 90044
4Beds
2Baths
1,730Sqft
6,303Lot
Year Built
1914
Close
-
List price
$550K
Original List price
$650K
Price/Sqft
$318
HOA
-
Days on market
-
Sold On
-
MLS number
25596413
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,5 Pros. Rank: price - $550.0K(15th), sqft - 1730(83th), beds - 4(85th), baths - 2(50th).

Welcome developers and investors! This prime LAR3-zoned lot at offers tremendous upside potential for multi-family redevelopment in the heart of South Los Angeles. Spanning a combined 6,513 sq ft across two parcels, this property is ideally suited for demolition and new construction of up to 7+ units (potentially more with density bonuses like TOC or state incentives). Located in the historic Wood & Schleichers Figueroa Park Square Subdivision, the site benefits from, easy access to the 110 Freeway and Metro lines, and walking distance to Vermont Square Park and emerging developments. The area is booming with new multi-family projects, this is your chance to establish a foothold in a revitalizing neighborhood with 12% home appreciation over the last two years.

Nearby schools

4/10
Manchester Avenue Elementary School
Public,•1-6•0.2mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.3mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•0.7mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•1.0mi
3/10
Raymond Avenue Elementary School
Public,•K-5•1.1mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•1.2mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•1.2mi
3/10
La Salle Avenue Elementary School
Public,•K-5•1.3mi
3/10
Loren Miller Elementary School
Public,•K-6•1.5mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•0.6mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.3mi
2/10
John Muir Middle School
Public,•6-8•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•1.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.1mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.7mi
2/10
George Washington Preparatory High School
Public,•9-12•2.0mi
9/10
Middle College High School
Public,•9-12•3.1mi

Price History

Date
Event
Price
10/16/25
Price Change
$550,000-15.4%
09/20/25
Listing
$650,000
Condition Rating
Tear down
The property was built in 1914, making it over 100 years old. The listing description explicitly states it is 'ideally suited for demolition and new construction,' indicating the current structure is not considered viable. Images show severe exterior neglect with overgrown vegetation, a dilapidated porch, and a generally unmaintained appearance, consistent with a property whose value is solely in the land for redevelopment.
Pros & Cons

Pros

Redevelopment Potential (LAR3 Zoning): Prime LAR3 zoning offers significant upside for multi-family redevelopment, allowing for new construction of 7+ units with potential for more via density bonuses.
Strategic Location & Accessibility: Excellent connectivity with easy access to the 110 Freeway and Metro lines, plus walking distance to Vermont Square Park, enhancing future resident appeal.
Strong Market Appreciation: Located in a revitalizing neighborhood experiencing a 12% home appreciation over the last two years, indicating a robust and growing market for investment.
Ample Lot Size: A combined lot size of 6,513 sq ft across two parcels provides sufficient space for substantial multi-family development.
Investor/Developer Focus: Explicitly marketed towards developers and investors, aligning with the property's highest and best use for multi-family projects.

Cons

Demolition Required: The existing 1914 single-family residence is intended for demolition, adding significant upfront costs and project timeline to the redevelopment.
Valuation Discrepancy: The current list price of $550,000 remains above the estimated property value of approximately $507,695, suggesting potential overpricing despite a recent price reduction.
Mixed School Ratings: Several nearby public schools have lower ratings (1-3), which could be a consideration for future tenants or buyers with families, potentially affecting long-term demand.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state