923 E 85th St, Los Angeles, California 90001, Los Angeles, 90001 - 2 bed, 1 bath
ACTIVE$490,000
923 E 85th St, Los Angeles, California 90001
2Beds
1Bath
980Sqft
5,099Lot
Year Built
1927
Close
-
List price
$490K
Original List price
$490K
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
DW25248968
Home ConditionPoor
Features
Patio
View-
About this home
Great Deal:The estimated price is 3% above the list price. We found 3 Cons,5 Pros. Rank: price - $490.0K(13th), sqft - 980(42th), beds - 2(42th), baths - 1(50th).
Great investment opportunity. Charming 2-bedroom, 1 bathroom home on a full-size lot. Possible for expansion or ADU on this 5099 sq ft lot. long driveway with plenty of parking space. Ideal for flippers, investors or first-time buyers seeking a home truly their own. Conveniently located near schools, parks, restaurants, Kia Forum & Wi Fi Stadium. Close to the 105 & 110 freeways.
Nearby schools
5/10
Russell Elementary School
Public,•K-6•0.3mi
3/10
Mckinley Avenue Elementary School
Public,•K-6•0.5mi
3/10
South Park Elementary School
Public,•K-6•0.5mi
5/10
Wisdom Elementary School
Public,•K-6•0.8mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.0mi
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•2.2mi
1/10
Charles Drew Middle School
Public,•6-8•0.6mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.4mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.4mi
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
10/28/25
Listing
$490,000
Condition Rating
Poor
Built in 1927, this property is in a state of significant disrepair and neglect. The images reveal an extremely outdated kitchen with old, mismatched cabinetry and fixtures, and a bathroom with very old tiles and fixtures, both requiring complete renovation. Throughout the home, the parquet flooring is severely worn, walls appear dirty and damaged, and the overall interior is dark and unkempt. The exterior also shows considerable wear and tear, with peeling surfaces and overgrown areas. This property requires substantial repairs and rehabilitation, consistent with a 'poor' rating, and is ideal for a complete gut renovation rather than minor updates.
Pros & Cons
Pros
ADU & Expansion Potential: The generous 5099 sq ft lot provides significant opportunity for property expansion or the addition of an Accessory Dwelling Unit (ADU), enhancing future value and potential rental income in a high-demand market.
Strategic Location & Accessibility: Conveniently situated with excellent access to major freeways (105 & 110), prominent entertainment venues (Kia Forum, SoFi Stadium), schools, parks, and local amenities, offering strong appeal and future growth potential.
Investment & Value-Add Opportunity: Explicitly marketed as an ideal property for investors, flippers, or first-time buyers looking to customize, indicating strong potential for capital appreciation through renovation and development.
Ample Off-Street Parking: The property features a long driveway with plenty of parking space, a valuable amenity in a dense urban environment like Los Angeles where parking can be a significant challenge.
Proximity to Schools: Located near several schools, including highly-rated elementary schools like Russell Elementary (5-star) and Wisdom Elementary (5-star), which is attractive for families.
Cons
Compact Interior Layout: The home's modest size of 980 sq ft with 2 bedrooms and 1 bathroom may be restrictive for buyers seeking more expansive living areas or accommodating a growing family.
Age and Condition Implied: Built in 1927, the property's age, combined with its positioning as an 'investment opportunity' for 'flippers,' strongly suggests it requires significant updates and renovations, implying potential deferred maintenance or outdated systems.
Overpriced Relative to Market Estimate: The current listing price of $490,000 is 6% above the estimated property value of $459,768.2, which could impact buyer perception and negotiation, potentially indicating it is priced above current market expectations.