1145 W 85th Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

1145 W 85th Street, Los Angeles, California 90044 home-pic-0
ACTIVE$650,000
1145 W 85th Street, Los Angeles, California 90044
0Bed
0Bath
1,700Sqft
5,575Lot
Year Built
1950
Close
-
List price
$650K
Original List price
$725K
Price/Sqft
$382
HOA
-
Days on market
-
Sold On
-
MLS number
OC24183034
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $650.0K(19th), sqft - 1700(25th), beds - undefined(50th), baths - undefined(50th).

Exceptional investment opportunity awaits at 1145 W 85th Street in the heart of Los Angeles! This triplex is ideally located just minutes from major sports and entertainment venues, including SoFi Stadium, the Kia Forum, and the Los Angeles Memorial Coliseum. Whether you're a savvy investor or looking for a property with rental income potential, this location offers prime accessibility to LA's booming entertainment district. The property features three units, each with its own unique layout, offering excellent income potential. While the units are in need of updating, this is a golden opportunity for those looking to renovate and add significant value. With some modern upgrades and personal touches, these units could command premium rental rates in this highly desirable area. The front house has 2 bedrooms and 1 bath, the second rear unit is a one bedroom one bath and the last unit is 1 bedroom 1 bath. The property also has potential to build an ADU in the back making this a 4 unit property! So many possibilities with this opportunity! This property is also in close proximity to the new college being built on Western Ave! Additional highlights include a spacious lot with plenty of on-site parking and easy access to public transportation, major freeways, shopping, dining, and entertainment. Don’t miss out on this rare chance to own a multi-unit property in one of LA's most exciting neighborhoods. Perfect for an investor or owner-occupier looking for rental income! This property has endless potential—come see for yourself! All UNITS ARE CURRENTLY OCCUPIED.

Nearby schools

/10
Danny J. Bakewell, Sr., Primary Center
Public,K0.4mi
4/10
Manchester Avenue Elementary School
Public,1-60.6mi
3/10
La Salle Avenue Elementary School
Public,K-50.6mi
3/10
Raymond Avenue Elementary School
Public,K-50.7mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,K-61.2mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,K-61.3mi
4/10
Sixty-Eighth Street Elementary School
Public,K-61.3mi
3/10
Seventy-Fifth Street Elementary School
Public,K-61.5mi
3/10
Loren Miller Elementary School
Public,K-62.1mi
2/10
Bret Harte Preparatory Middle School
Public,6-80.8mi
1/10
Horace Mann Junior High School
Public,6-81.4mi
2/10
Mary Mcleod Bethune Middle School
Public,6-81.7mi
2/10
John Muir Middle School
Public,6-81.8mi
3/10
John C. Fremont Senior High School
Public,9-121.6mi
2/10
George Washington Preparatory High School
Public,9-121.7mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,9-121.7mi
9/10
Middle College High School
Public,9-123.6mi

Price History

Date
Event
Price
07/30/99
Sold
$170,000
Condition Rating
Fair

The property was built in 1950 and the listing description indicates that the units are in need of updating. The images show aged interiors, suggesting that while the property has been maintained, it requires modernization. Given the age and the need for updates, a 'fair' condition score is appropriate.
Pros & Cons

Pros

Prime Location: Located minutes from SoFi Stadium, the Kia Forum, and the Los Angeles Memorial Coliseum, offering excellent access to major sports and entertainment venues.
Income Potential: Triplex with three units, each with its own layout, providing excellent rental income potential in a desirable area.
Development Opportunity: Potential to build an ADU in the back, increasing the property to a 4-unit building and further enhancing its value.

Cons

Renovation Needed: The units are in need of updating, requiring investment to modernize and command premium rental rates.
Occupied Units: All units are currently occupied, which may limit immediate renovation or occupancy options for a new owner.

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