164 W 85th Place, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
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164 W 85th Place
Los Angeles, California 90003
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,081Sq Ft
5,401Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$478,727
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $478,727 Fair Market Value by -4%. While the property is priced slightly above current market estimates, the LAC2 Zoning and 5,401 sqft lot provide significant upside for development or ADU expansion. Given the Condition Rating of 5, the home requires a full interior rehab to modernize its 1910 infrastructure. This asset is a strategic acquisition for Buy-and-Hold Investors or Contractors focused on long-term value-add projects.
Estimated Market Value
$478,727
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 164 W 85th Place Subject | $499,000* List Price | 2 | 1 | 1,081 | $443 | - |
A 214 E 85th Street Sold | $410,000 | 2 | 1 | 1,203 | $341 | 0.3 mi |
B 437 W 81st Street Sold | $565,000 | 1 | 1 | 964 | $586 | 0.5 mi |
C 332 E 79th Street Sold | $520,000 | 2 | 1 | 1,008 | $516 | 0.6 mi |
D 447 E 94th Street Sold | $475,000 | 3 | 2 | 1,231 | $386 | 0.9 mi |
E 437 East E 93rd Street Sold | $415,000 | 2 | 1 | 768 | $540 | 0.8 mi |
F 330 E Colden Avenue Sold | $470,000 | 2 | 1 | 1,381 | $340 | 0.9 mi |
G 142 W 85th Street Active | $499,000 List Price | 2 | 1 | 1,144 | $436 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1910 (114 years old) with no evidence of recent renovations. The listing emphasizes 'development potential' and LAC2 zoning rather than interior features, suggesting that the kitchen, bathroom, and core systems (HVAC/Electric) are likely original or severely outdated and require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property is situated on a generous 5,401 sqft lot zoned LAC2, offering significant opportunities for expansion, multi-family development, or creative commercial uses.
- Competitive Pricing
Listed at $499,000, this home represents an accessible entry point into the Los Angeles market, providing excellent value for both first-time buyers and investors.
- Expansion Opportunity
With a large lot relative to the existing 1,081 sqft structure, there is ample space for adding an Accessory Dwelling Unit (ADU) to increase rental income or property value.
CONSRISKS & DEFICIENCIES
- Historic Age
Built in 1910, the home may require significant capital investment to update aging infrastructure, such as plumbing, electrical, and foundation systems.
- Limited Living Space
The 2-bedroom, 1-bathroom configuration is relatively small for modern family needs, which may limit the pool of potential owner-occupant buyers.
About 164 W 85th Place
This charming 2-bedroom, 1-bath home is nestled in a wonderful neighborhood known for its convenience and community feel. The property offers exceptional potential for a variety of future possibilities. Sitting on a generously sized lot zoned LAC2, it provides an opportunity for expansion or development, giving buyers the flexibility to explore creative uses for the space (buyer to verify).
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1910
- Lot Size
- 5,401 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,081 | 1,664.159 |
| Lot Size | 5,401 | 6,066.556 |
| Price | $499.0K | $1.35M |
| Price per sq ft | $462 | $806 |
| Built year | 1910 | 1939 |
| HOA | $0 | $278 |
| Days on market | 28 | 55 |
Pricing History
Listed for Sale
Aug 12, 2026
$499,000
Initial Listing