2 months on rocket

1145 W 85th St, Los Angeles, CA, 90044

$650,000

Home List Price

$7,719*

Closing Credit

0 Baths
Multi

Location

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1145 W 85th St, Los Angeles$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Garage3 spaces
Year Built1950
HeatingForced Air
CoolingNone
FireplaceNone
MLS #OC24183034
Lot Size0.13 Acres
StatusActive

About 1145 W 85th St

Exceptional investment opportunity awaits at 1145 W 85th Street in the heart of Los Angeles! This triplex is ideally located just minutes from major sports and entertainment venues, including SoFi Stadium, the Kia Forum, and the Los Angeles Memorial Coliseum. Whether you're a savvy investor or looking for a property with rental income potential, this location offers prime accessibility to LA's booming entertainment district. The property features three units, each with its own unique layout, offering excellent income potential. While the units are in need of updating, this is a golden opportunity for those looking to renovate and add significant value. With some modern upgrades and personal touches, these units could command premium rental rates in this highly desirable area. The front house has 2 bedrooms and 1 bath, the second rear unit is a one bedroom one bath and the last unit is 1 bedroom 1 bath. The property also has potential to build an ADU in the back making this a 4 unit property! So many possibilities with this opportunity! This property is also in close proximity to the new college being built on Western Ave! Additional highlights include a spacious lot with plenty of on-site parking and easy access to public transportation, major freeways, shopping, dining, and entertainment. Don’t miss out on this rare chance to own a multi-unit property in one of LA's most exciting neighborhoods. Perfect for an investor or owner-occupier looking for rental income! This property has endless potential—come see for yourself! All UNITS ARE CURRENTLY OCCUPIED.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Stories: 2

Listing Office:

  • Office Name: KASE Real Estate, Inc.
  • Office Phone: (310) 650-2242
  • Listing Agent: Michelle Sferrino

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 3 spaces

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: N of Manchester Ave, W of Western Ave, S of Florence Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000

Tax Information:

  • Annual Amount: $3,197
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1145 W 85th St vs Los Angeles

71 DAYS ON ROCKET

+33 Days

$650,000

-$373.4K Less

KEY TAKEAWAY

This property is $373.4K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC24183034

Listing Office:

  • Office Name: KASE Real Estate, Inc.
  • Office Phone: (310) 650-2242
  • Listing Agent: Michelle Sferrino

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 2:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 30, 1999Home Sold
$170,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,197$241,370
2020$3,109$238,896
2019$3,017$234,212
2018$2,957$229,621
2017$2,957$225,119

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-318504
6
/10

  • Manchester Elementary School

  • 661 W 87th St

  • 0.58 miles

  • Public District Grades 1-6

school-card-donut-318505
3
/10

  • La Salle Avenue School

  • 8715 La Salle Ave

  • 0.64 miles

  • Public District Grades KG-5

school-card-donut-318506
4
/10

  • Loren Miller Elementary School

  • 830 W 77th St

  • 0.70 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,150. The most common annual income of people living in Los Angeles, CA is less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90044›1145 W 85th St

This home is located at 1145 W 85th St in Los Angeles, CA and zip code 90044 in the South LA neighborhood. This home, which was built in 1950, sits on a 0.13 acre lot. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $650,000.

Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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