123 E 85th St, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 2 bath
123 E 85th St
Los Angeles, California 90003
Property Price
SUMMARY
Analysis of 123 E 85th St, Los Angeles, California 90003 reveals a Fairly Priced Property with a current list price of $600,000 aligned with the estimated $609,017 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 123 E 85th St Subject | $600,000* List Price | 2 | 2 | 1,225 | $497 | - |
A 122 E 83rd Street Sold | $600,000 | 2 | 2 | 1,180 | $508 | 0.2 mi |
B 222 W 87th Sold | $680,000 | 3 | 1 | 1,328 | $512 | 0.3 mi |
C 343 W 84th Sold | $430,000 | 2 | 2 | 1,238 | $347 | 0.4 mi |
D 346 E 90th Sold | $593,000 | 2 | 1 | 1,096 | $541 | 0.6 mi |
E 332 E 79th Street Active Under Contract | $549,999 List Price | 2 | 1 | 1,008 | $546 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is well-maintained and reflects pride of ownership, but it is significantly dated. Built in 1925, the interior features vintage wood paneling, popcorn ceilings, and older kitchen and bathroom fixtures that likely haven't been updated in 20-30 years. While functional and livable, it requires cosmetic modernization and likely system updates to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Long-term Ownership
Held by the same family for over 40 years, this property demonstrates a rare level of pride of ownership and long-term residential stability.
- Value-Add Potential
The home serves as an ideal canvas for updates and personalization, offering significant equity-building potential for investors or sweat-equity buyers.
- Spacious 2-Bedroom Layout
With 1,225 sq ft of living space, the home offers a more generous footprint than many standard 2-bedroom vintage bungalows in the area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1225, other record living area = 1052.
- Vintage Infrastructure
Built in 1925, the property likely requires modernization of major systems such as electrical, plumbing, and HVAC to meet contemporary standards.
- Need for Modernization
The listing explicitly mentions the opportunity for updates, indicating that the interior finishes are likely dated and require immediate capital improvement.
About 123 E 85th St
Welcome to this 2-bedroom, 2-bath home offering approximately 1,225 sq ft of living space, nestled mid-block in a long-established South Los Angeles neighborhood. Zoned LAR3( Multi unit) The property is fully fenced and includes a detached one-car garage plus a storage shed for added convenience. Owned by the same family for over 40 years, this home reflects pride of ownership while offering the perfect opportunity for updates and personalization. Ideal for buyers seeking a value-add opportunity in a stable community.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,225 | 1,134 | 60% |
| Lot Size | - | 5,203.5 | 2% |
| Price | $600.0K | $615.0K | 45% |
| Price per sq ft | $490 | $503 | 33% |
| Built year | 1925 | 1924 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 208 | 7% |
Pricing History
Listed for Sale
Feb 10, 2026
$600,000
Initial Listing