123 E 85th St, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 2 bath
Loading property details...
Los Angeles, California 90003
This Value-Add Residential Asset is listed at $600,000, positioned below the $609,017 Fair Market Value by 1%. This valuation gap offers $9,017 in Instant Equity for buyers ready to modernize its Vintage 1925 Infrastructure. Featuring a generous 1,225 Sq Ft Layout and rare LAR3 Multi-Unit Zoning, the property provides significant potential for forced appreciation or future development. With a Condition Rating of 4, it requires cosmetic updates to reach its full market potential. This is a high-upside acquisition for Fix-and-Flip Investors or Owner-Occupants looking to build wealth.
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 | $504 | - |
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 224 E 98th Sold | $425,000 | 3 | 1 | 1,096 | $388 | 1.0 mi |
E 134 E 75th Street Sold | $525,000 | 3 | 2 | 1,213 | $433 | 0.7 mi |
F 214 E 92nd Active | $650,000 List Price | 2 | 2 | 1,271 | $511 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
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.
Held by the same family for over 40 years, this property demonstrates a rare level of pride of ownership and long-term residential stability.
The home serves as an ideal canvas for updates and personalization, offering significant equity-building potential for investors or sweat-equity buyers.
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.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1225, other record living area = 1052.
Built in 1925, the property likely requires modernization of major systems such as electrical, plumbing, and HVAC to meet contemporary standards.
The listing explicitly mentions the opportunity for updates, indicating that the interior finishes are likely dated and require immediate capital improvement.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,225 | 1,098 | 60% |
| Lot Size | - | 5,184.5 | 2% |
| Price | $600.0K | $607.5K | 48% |
| Price per sq ft | $490 | $523 | 31% |
| Built year | 1925 | 1923 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 71 | 201 | 14% |
Feb 10, 2026
$600,000
Initial Listing