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700 E 85th Street, Los Angeles, California 90001, Los Angeles, 90001 - 3 bed, 2 bath

700 E 85th Street, Los Angeles, California 90001 home-pic-0
ACTIVE$590,000
700 E 85th Street, Los Angeles, California 90001
3Beds
2Baths
1,376Sqft
5,199Lot
Year Built
1920
Close
-
List price
$590K
Original List price
$650K
Price/Sqft
$429
HOA
-
Days on market
-
Sold On
-
MLS number
25570557
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $590.0K(54th), sqft - 1376(73th), beds - 3(50th), baths - 2(54th).

SELLER MOTIVATED !!! DONT MISS THIS DIAMOND IN THE ROUGH ! THIS IS A GREAT STARTER HOME PERFECT FOR LARGE FAMILY NEEDS SOME TLC, OVER 1,400 SQ FT SITUATED ON A CORNER R2 LOT WITH DETACHED GARAGE IDEAL FOR FUTURE ADU. FHA OK !! SERIOUS BUYERS ONLY!! NO LOW BALL OFFERS SELLER MOTIVATED. TENANT RECENTLY MOVED BUT HAS MAINTAINED THIS HOME VERY WELL. PROPERTY IS READY FOR MOVE IN WITH A FEW COSMETIC TOUCHES YOU CAN BRING YOUR VISION TO THIS HOME. OFFERING TONS OF POTENTIAL. PROPERTY FEATURES SPACIOUS LIVING AND DINING ROOMS THREE NICE SIZED BEDROOMS AND TWO BATHROOMS. REAR PRIMARY ROOM WITH PRIVATE BATHROOM BUYERS AND BUYERS AGENTS ARE RESPONSIBLE TO INDEPENDENTLY VERIFY THE ACCURACY OF ALL INFORMATION SUCH AS SQ. FOOTAGE LOT SIZE. ZONING, RENT CONTROL ,PERMITS AND USE OF CODES AND SCHOOLS. INFORMATION SHOULD BE VERIFIED THROUGH INSPECTION WITH AN APPROPRIATE PROFESSIONAL. SELLER CANNOT VERIFY ANY INFORMATION. SELLER IS MOTIVATED. PLEASE SUBMIT WITH YOUR OFFER BUYERS FICO SCORE, LENDER APPROVAL LETTER W/ DU AND PROOF OF FUNDS.

Nearby schools

3/10
South Park Elementary School
Public,•K-6•0.3mi
3/10
Mckinley Avenue Elementary School
Public,•K-6•0.5mi
5/10
Russell Elementary School
Public,•K-6•0.6mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•0.8mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•1.0mi
5/10
Wisdom Elementary School
Public,•K-6•1.0mi
4/10
Sixty-Sixth Street Elementary School
Public,•K-6•1.4mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•1.7mi
3/10
Sixty-First Street Elementary School
Public,•K-6•2.0mi
1/10
Charles Drew Middle School
Public,•6-8•0.9mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.2mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.6mi
3/10
Los Angeles Academy Middle
Public,•6-8•2.1mi
3/10
John C. Fremont Senior High School
Public,•9-12•0.7mi

Price History

Date
Event
Price
11/25/25
Price Change
$590,000-1.7%
11/09/25
Price Change
$599,900-2.5%
10/26/25
Price Change
$615,000-1.6%
10/01/25
Price Change
$625,000-0.8%
09/17/25
Price Change
$630,000-0.8%
08/12/25
Price Change
$635,000-2.3%
07/31/25
$650,000
Condition Rating
Fair
Built in 1920, this property is over 100 years old. While it has received recent cosmetic updates such as new laminate/LVP flooring, new carpet, and fresh paint, the overall condition suggests it requires more than just minor touches. The bathroom, though functional, appears to have been updated 15-25 years ago based on the tile style, making it dated. The listing explicitly states it's a 'diamond in the rough' and 'needs some TLC,' indicating that while it's 'ready for move in,' significant updates beyond cosmetic are needed to modernize it. The absence of kitchen photos is a strong indicator that this area is likely outdated and contributes to the 'TLC' required. Major systems are presumed to be aged, aligning with the 'Fair' category's description of an aged home maintained through regular upkeep but with major components showing signs of being outdated.
Pros & Cons

Pros

Development Potential: Situated on a corner R2 lot with a detached garage, this property offers significant potential for an Accessory Dwelling Unit (ADU), enhancing future value and income generation.
Buyer-Friendly Pricing: Multiple price reductions and explicit seller motivation indicate a strong opportunity for buyers to negotiate a favorable purchase price.
Spacious Family Layout: With over 1,400 sq ft, 3 bedrooms, 2 bathrooms, including a primary suite with a private bath, and spacious living/dining rooms, it's well-suited for a large family.
Immediate Livability with Upside: The home is described as move-in ready with a few cosmetic touches needed, offering a balance of immediate occupancy and significant potential for customization and value addition.
Broad Market Accessibility: FHA approval broadens the pool of eligible buyers, making the property accessible to a wider range of potential homeowners.

Cons

Required Investment for Upgrades: Explicitly described as a 'diamond in the rough' needing 'TLC,' indicating that significant cosmetic and potentially functional upgrades will be necessary post-purchase.
Age-Related Maintenance: Built in 1920, the property likely has older systems and components that may require updating or significant maintenance in the near future, adding to potential costs.
Limited Seller Disclosure: The seller's inability to verify information places a higher burden of due diligence and potential risk on the buyer to uncover any underlying issues.

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