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

$1,385,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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826 W 85th St, Los Angeles$1,385,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAssigned, Electric Gate
Year Built1929
HeatingWall Furnace
CoolingNone
FireplaceNone
ViewCity Lights
MLS #DW24235248
Lot Size0.21 Acres
StatusActive

About 826 W 85th St

Prime Investment Opportunity in Los Angeles – Renovated Quadplex with Strong Rental Income Potential Presenting an exceptional opportunity for investors and developers in one of Los Angeles' most sought-after neighborhoods. This meticulously renovated quadplex offers a solid income stream with modernized units, enhanced by a prime location that provides significant upside potential for future growth. Maximum Rental Income Potential, with its modern finishes, spacious layouts, and high demand for quality rental units in the area, this quadplex is poised to deliver excellent rental returns. The property is positioned to attract a wide range of tenants, from professionals to families, all seeking the vibrant lifestyle that Los Angeles has to offer. The property is zoned for up to 10 additional units, offering an incredible opportunity for expansion and future development. Whether you’re looking to maximize your investment by adding more rental units or looking for a long-term play in a growing market, this zoning provides the flexibility to increase density and capitalize on the property’s prime location. With ample parking for tenants, this property caters to the needs of today’s renters, many of whom rely on vehicles. The parking area ensures Nestled in a vibrant neighborhood of Los Angeles, the property offers easy access to major freeways, public transportation, shopping centers, dining, and entertainment venues. This prime location ensures high demand for rental properties, making it a perfect addition to your real estate portfolio. Additional Features: Large Lot with Expansion Potential Newer Roof and Systems Well-Maintained Common Areas Minutes from Downtown LA, Hollywood, and Westside Whether you're an investor seeking immediate cash flow or a developer looking to capitalize on future growth, this renovated quadplex offers the ideal combination of stability, upside potential, and location. Don’t miss out on this unique opportunity to own a piece of Los Angeles real estate with enormous potential! For more information or to schedule a private showing, contact us today!

Property Details

Property Features

Property Information:

  • Year Built: 1929
  • Stories: 2

Listing Office:

  • Office Name: Circle Real Estate
  • Office Phone: (310) 927-9100
  • Listing Agent: Arvione Chase

Interior Features

Interior Information:

  • Flooring Type: Carpet, Laminate
  • Interior: Balcony, Ceiling Fan(s)
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Parking: Assigned, Electric Gate

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: Manchester to Hover and 85th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,385,000

Tax Information:

  • Annual Amount: $8,283
  • 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

826 W 85th St vs Los Angeles

1 DAY ON ROCKET

-37 Days

$1,385,000

+$361.5K More

KEY TAKEAWAY

This property is $361.5K more 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: #DW24235248

Listing Office:

  • Office Name: Circle Real Estate
  • Office Phone: (310) 927-9100
  • Listing Agent: Arvione Chase

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: 11/17/2024, 9:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 24, 2014Home Sold
$579,000
May 21, 2010Home Sold
$330,000
Feb 09, 2004Home Sold
$410,000
Aug 24, 1998Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,283$643,393
2020$8,048$636,283
2019$7,851$623,807
2018$7,690$611,576
2017$7,690$599,585

History based on county public records data.

Payment Calculator

$6,980

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,219

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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-440458
6
/10

  • Manchester Elementary School

  • 661 W 87th St

  • 0.19 miles

  • Public District Grades 1-6

school-card-donut-440459
6
/10

  • Kipp Empower Academy

  • 8466 S Figueroa St

  • 0.33 miles

  • Public Charter Grades KG-4

school-card-donut-440460
4
/10

  • Loren Miller Elementary School

  • 830 W 77th St

  • 0.59 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 $25,500. Residents of Los Angeles, CA typically earn less than $35k each year. The most common type of family 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›826 W 85th St

This home is located at 826 W 85th St in Los Angeles, CA and zip code 90044 in the South LA neighborhood. This home, which was built in 1929, sits on a 0.21 acre lot. It has been listed on Rocket Homes since November 16, 2024 and is currently priced at $1,385,000.

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. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.

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

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