1439 W 85th Street, Los Angeles, CA 90047

About this property

*** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1439 W. 85th Street is a 7-unit value-add property in South Los Angeles operating at a 5.39% current CAP and offers investors approx. 50% upside in rents . Located near the intersection of S. Normandie Ave and Manchester Ave, the subject property is comprised of (1) three-bdrm. and one-bath unit, (2) two-bdrm. and one-bath units and (4) one-bdrm. units that generate approx. $9,600+ in gross monthly income. Based on market rents on renovated units in the area, we believe a future investor could achieve approx. $14,400+ in gross monthly income and operate the building at a 9.41% pro-forma CAP. The property amenities include on-site parking and a community laundry room.

Listing description from the December 2022 sale, as reported to CRMLS.

Sale history

$1,305,000

Sold December 2022 · listed $1,400,000, orig. $1,500,000, on market September 2022 · MLS #22198920 · Source: CRMLS

Listing Agent: Max Berger · Listing Office: Compass · Contact: 310-230-5478 · Bought with: Rania Suroor · Terra Conejo Properties Inc.

$957,900

Sold December 2018 · listed $1,100,000, on market May 2018 · MLS #18347796 · Source: CRMLS

Listing Agent: Theodis'Ted' Brass · Listing Office: Ted Brass Real Estate Solution · Contact: 310-590-1235 · Bought with: Theodis'Ted' Brass · Ted Brass Real Estate Solution

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