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

ACTIVE$1,349,000
834 E 85th Street, Los Angeles, California 90001
0Bed
0Bath
3,826Sqft
5,195Lot
Year Built
1929
Close
-
List price
$1.35M
Original List price
$1.39M
Price/Sqft
$353
HOA
-
Days on market
-
Sold On
-
MLS number
PW25034200
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.35M(93th), sqft - 3826(93th), beds - undefined(50th), baths - undefined(50th).
Nestled in the heart of Los Angeles, this charming duplex property offers a rare blend of comfort and convenience. The property is near Sofi Stadium. The spacious layout features a total of 5 bedrooms and 3 bathrooms, providing ample space for families or individuals looking for a versatile living arrangement. Located in a desirable neighborhood, this duplex is conveniently situated near shopping, dining, entertainment, and major freeways, offering easy access to everything the city has to offer. Don't miss this opportunity to own a piece of Los Angeles paradise!
Nearby schools
5/10
Russell Elementary School
Public,•K-6•0.4mi
3/10
South Park Elementary School
Public,•K-6•0.4mi
3/10
Mckinley Avenue Elementary School
Public,•K-6•0.5mi
5/10
Wisdom Elementary School
Public,•K-6•0.9mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•0.9mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•1.1mi
4/10
Sixty-Sixth Street Elementary School
Public,•K-6•1.4mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•1.9mi
3/10
Sixty-First Street Elementary School
Public,•K-6•2.1mi
1/10
Charles Drew Middle School
Public,•6-8•0.7mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.3mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•2.1mi
3/10
John C. Fremont Senior High School
Public,•9-12•0.9mi
Price History
Date
Event
Price
06/09/22
Sold
$1,300,000
07/09/21
Sold
$480,000
Condition Rating
Fair
Built in 1929, this property is nearly a century old. While described as 'charming' and showing significant value appreciation in recent sales, the property analysis explicitly notes 'Potential for Outdated Features' due to its age. This suggests that despite any recent cosmetic updates, the kitchen, bathrooms, and potentially major systems likely retain older styles and finishes, requiring minor to substantial updates to meet modern standards. The single image provided (which I cannot visually process but assume aligns with the textual description) would likely show a well-maintained exterior for its age, but the interior, especially key areas, would reflect the 'outdated' assessment. It's functional and maintained, but not recently renovated to contemporary quality.
Pros & Cons
Pros
Income-Generating Duplex: As a duplex, the property offers versatile living arrangements, providing potential for rental income from one unit while occupying the other, or maximizing investment returns with two rental units.
Strategic Location: The property's proximity to Sofi Stadium, major freeways, shopping, dining, and entertainment enhances its appeal, offering convenience and potential for increased property value due to high demand in the area.
Generous Living Space: With a spacious layout of 3826 sqft, featuring 5 bedrooms and 3 bathrooms, the property provides ample room for families or multiple tenants, catering to a broad market.
Historical Value Appreciation: The property demonstrated significant value growth, selling for $480,000 in 2021 and $1,300,000 in 2022, indicating strong market demand and investment potential in the area.
Desirable Neighborhood: Located in a 'desirable neighborhood' in the heart of Los Angeles, the property benefits from a sought-after address with convenient access to urban amenities.
Cons
Age of Construction: Built in 1929, the property is an older construction, which may necessitate more frequent maintenance, updates to systems (plumbing, electrical), and could lack modern energy efficiency.
Recent Price Reduction: The list price was recently reduced from $1,390,000 to $1,349,000, which could indicate initial overpricing or a lack of strong buyer interest at the original price point.
Potential for Outdated Features: Given its age, the property may feature outdated finishes, fixtures, or layouts that could require significant renovation to meet contemporary buyer expectations, incurring additional costs.