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1439 W 85th St

Los Angeles, CA 90047
  • $1,400,000
  • STATUS: Active Under Contract
  • ON SITE: 80 Days
  • ID#: 22-198920
Under Contract
UPDATED: 38 min ago
$1,400,000
  • 11
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,844
    SQFT
  • $289
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

*** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1439 W. 85th Street is a 7-unit value-add property in South Los Angeles operating at a 5.39% current CAP and offers investors approx. 50% upside in rents . Located near the intersection of S. Normandie Ave and Manchester Ave, the subject property is comprised of (1) three-bdrm. and one-bath unit, (2) two-bdrm. and one-bath units and (4) one-bdrm. units that generate approx. $9,600+ in gross monthly income. Based on market rents on renovated units in the area, we believe a future investor could achieve approx. $14,400+ in gross monthly income and operate the building at a 9.41% pro-forma CAP. The property amenities include on-site parking and a community laundry room.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-03T17:43:06.437. 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. Properties may or may not be listed by the office/agent presenting the information.
www.realestatetoolbox.com/homes/133058054
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1439 W 85th St Los Angeles, CA 90047

  • Price: $1,400,000
  • Status: Active Under Contract
  • On Site: 80 Days
  • Updated: 38 min ago
  • ID#: 22-198920
11
Beds
0
Baths
0
½ Baths
0.15
Acres
4,844
SQFT
$289
$/SQFT
1964
Built
Neighborhood:
Metropolitan Southwest
County:
Los Angeles
Area:
Metropolitan Southwest
Property Description
*** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1439 W. 85th Street is a 7-unit value-add property in South Los Angeles operating at a 5.39% current CAP and offers investors approx. 50% upside in rents . Located near the intersection of S. Normandie Ave and Manchester Ave, the subject property is comprised of (1) three-bdrm. and one-bath unit, (2) two-bdrm. and one-bath units and (4) one-bdrm. units that generate approx. $9,600+ in gross monthly income. Based on market rents on renovated units in the area, we believe a future investor could achieve approx. $14,400+ in gross monthly income and operate the building at a 9.41% pro-forma CAP. The property amenities include on-site parking and a community laundry room.
Exterior Features

Lot Size Area 6685 Other Structures None Parking Garage Side By SideUncovered Total Parking 7

Interior Features

Baths Total 7.00 Common Walls Attached Cooling Other Equipment Other Heating Other Laundry Community

Property Features

Gross Income 115236 Gross Operating Income 111779 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 2 Like Units6 1 Net Operating Income 74247.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 37532 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard2

Listing provided courtesy of Max Berger DRE# of Compass: 310-230-5478.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-03T17:43:06.437. 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. Properties may or may not be listed by the office/agent presenting the information.
 
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Simi Valley CA, 93065