923 E 85th Street, Los Angeles, California 90001, Los Angeles, 90001 - 2 bed, 1 bath
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Los Angeles, California 90001
This Value-Add Residential Asset represents a High-Potential Investment Opportunity with a List Price of $477,888—positioned well below the $532,685 Fair Market Value by 10%. This valuation gap offers $54,797 in Instant Equity for buyers. While the property holds a Condition Rating of 4, the 5,101 sqft lot and ADU Potential provide significant upside for forced appreciation. Located near So-Fi Stadium and the 110 freeway, it ensures strong market demand. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 923 E 85th Street Subject | $477,888* List Price | 2 | 1 | 980 | $544 | - |
A 846 E 83rd Street Sold | $494,777 | 2 | 1 | 1,075 | $460 | 0.2 mi |
B 906 E 75th Street Sold | $590,000 | 2 | 1 | 1,044 | $565 | 0.7 mi |
C 1124 E 76th Place Sold | $480,000 | 3 | 2 | 1,272 | $377 | 0.6 mi |
D 742 E 84th Place Active | $580,000 List Price | 2 | 1 | 1,121 | $517 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1927, this property is described as having 'solid bones' but requiring 'minor TLC' and updates. The exterior images show an aged structure with dated metal awnings and security bars, indicating a lack of recent major renovations. While functional, the home is positioned as a 'blank canvas,' suggesting that the kitchen, bathroom, and interior systems are likely outdated and require modernization to meet current quality standards.
The generous 5,101 sqft lot offers significant upside for investors or homeowners, providing ample space for a detached ADU, guest house, or primary home expansion to maximize rental income or property value.
Ideally positioned with rapid access to the 110 and 105 freeways, the property ensures a convenient commute to Downtown Los Angeles and major entertainment hubs like So-Fi Stadium and Hollywood Park.
With a functional layout and 'solid bones,' this property serves as an ideal entry-level canvas for buyers looking to build sweat equity through cosmetic updates and personalized renovations.
The property is noted as needing 'minor TLC' and updates, which may require immediate additional capital investment and effort from a buyer seeking a turnkey living experience.
Several nearby schools, including the local middle schools, have low performance ratings (ranging from 1 to 3), which could be a concern for families prioritizing high-ranking educational districts.
A charming opportunity nestled in a well-established South Los Angeles neighborhood with exceptional upside and development potential. This inviting property offers a perfect blend of comfort, space, and versatility; ideal for first-time buyers and/or savvy investors. Inside offers a functional layout with solid bones, property needs minor TLC while offering great potential to bring creativity & charm to update and make it your own. The home features generously sized bedrooms, a comfortable living area, and a kitchen ready for your personal touch, making it a prime canvas for customization or value-adding improvements. The backyard offers ample space with convenient access, well-suited for a detached unit, guest house, or income-producing rental. Whether you're an investor seeking cash flow potential or a homeowner looking to offset your mortgage with rental income, this property delivers flexibility and opportunity. Outside, the real highlight is the generous lot size that provides ample room for outdoor entertaining, gardening, or even future expansion. Regardless if you envision weekend barbecues, a play area, or a blank canvas that opens the door to incredible possibilities for adding an ADU or expansion of the primary home. This located in the heart of LA allows one to enjoy easy-of access to major freeways including the 110 & 105, making commuting throughout Los Angeles a breeze. You're also just a short drive from So-Fi Stadium, Hollywood Park, and Downtown Los Angeles, placing entertainment, employment hubs, and future growth areas within easy reach.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 44% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 980 | 1,047 | 44% |
| Lot Size | 5,101 | 5,099 | 50% |
| Price | $477.9K | $580.0K | 13% |
| Price per sq ft | $488 | $548 | 28% |
| Built year | 1927 | 1926 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 162 | 3% |
Mar 26, 2026
$477,888
Initial Listing