This offering is a true value-add opportunity: current rents are half of market rate, and a new investor may want to explore the possibility to convert the garages to an ADU.
604 East 85th Street is a 1960 construction on a corner lot with two two-bed/one-bath units and three one-bed/one-bath units, one of which is non-conforming. The units are separately metered for gas and electricity and feature renovated bathrooms and brand new windows. The property also offers two single-car garages with tandem driveway parking and three additional surface spaces. The building does not currently offer laundry facilities, however there is space to add a laundry room.
The property is located east of the 110 Freeway just north of Manchester Avenue and directly across from South Park Elementary School.
604 East 85th Street is a 1960 construction on a corner lot with two two-bed/one-bath units and three one-bed/one-bath units, one of which is non-conforming. The units are separately metered for gas and electricity and feature renovated bathrooms and brand new windows. The property also offers two single-car garages with tandem driveway parking and three additional surface spaces. The building does not currently offer laundry facilities, however there is space to add a laundry room.
The property is located east of the 110 Freeway just north of Manchester Avenue and directly across from South Park Elementary School.
Property Details
Price:
$940,000
MLS #:
PW24156423
Status:
Active
Baths:
0
Address:
604 E 85th Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Jul 30, 2024
State:
CA
ZIP:
90001
Lot Size:
4,001 sqft / 0.09 acres (approx)
Year Built:
1960
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Urban
Garage Spaces
2.00
Lot Features
Corner Lot
Parking Spots
7.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address604 E 85th Street Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90001
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Courtesy of Steven M. Bogoyevac, Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.604 E 85th Street
Los Angeles, CA
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