1459 West 85th Street

Los Angeles, CA 90047

$1,100,000
Price
7
Beds
3
Baths
3,258 Sq. Ft.
$338 / Sq. Ft.
3,258
Sq. Ft.
$338
per Sq. Ft.

Description

Welcome to an exceptional investment opportunity! This distinctive triplex is a rare find, featuring a charming front house with 3 spacious bedrooms and 1 bathideal for family living or as a lucrative rental. Nestled behind it is a well-maintained duplex, each unit boasting 2 bedrooms and 1 bath, complete with convenient in-unit washer and dryer hookups. These units are meticulously cared for and in excellent condition, offering tremendous potential for value appreciation. Located just minutes from...Welcome to an exceptional investment opportunity! This distinctive triplex is a rare find, featuring a charming front house with 3 spacious bedrooms and 1 bathideal for family living or as a lucrative rental. Nestled behind it is a well-maintained duplex, each unit boasting 2 bedrooms and 1 bath, complete with convenient in-unit washer and dryer hookups. These units are meticulously cared for and in excellent condition, offering tremendous potential for value appreciation. Located just minutes from the thriving Inglewood area, this property's prime location adds to its appeal. Whether you're looking to diversify your portfolio or secure a solid income-producing asset, this gem won't be on the market for long. Seize this opportunity to invest in a property with significant upside in a sought-after neighborhood!
  1. Listed by Melissa Knight • DRE #01184594 • Brokerage DRE #01475932 • The Hills Premier Realty

Property Details for 1459 West 85th Street

Zoning
LARD2
Style
Spanish
Parcel Number
6034028024
Total Units
3.0
Living Area
3258
Source Living Area
Assessor
Area
Metropolitan Southwest (C36)
Vacancy Rate
0
LISTING UPDATED: 12/18/2024 10:35 PM

Property Details for 1459 West 85th Street

StatusActive
MLS #24-430289
Days on Market162
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.15 AC / 6,686 SF
CountyLos Angeles County

Building Information for 1459 West 85th Street

Stories2Residences-Year Built1938Building Size-Lot Size0.15 AC / 6,686 SF

Property Information for 1459 West 85th Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: TRIPLEX
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $77,400
  • Net Operating Income: $113,850.00
  • Gross Income: $115,050
  • Gross Rent Multiplier: $12.00
  • Actual Annual Gross Rent: $115,050.00
  • Total Annual Expense: 12000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1535
  • Lot Size Square Feet: 6686
Parking Details
Parking Details
  • Parking Garage: Carport Attached, Garage - 1 Car
  • Total Parking: 0
  • Parking Features: Attached Carport, Garage - Single Door
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Gas Dryer Hookup, Gas Or Electric Dryer Hookup
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,450.00
  • Unit Actual Rent: $3,450.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $2,650.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $98,427.00
  • Assessed Improvement Percent: 13.04
  • Assessed Land Value: $656,187.00
  • Assessed Land Percent: 86.96
  • Assessed Total Value: $754,614.00

Property History for 1459 West 85th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1459 West 85th Street

Taxable ValueLand$669,310Additions$100,395Total$769,705
Tax Record2024$9,759 ($813 / month)
Home Facts
Total Finished SqFt3,258 SqFtAbove Grade Finished SqFt3,258 SqFtLot Size6,684 SqFtStyleTriplexYear Built1938ZoningLARD2CountyLOS ANGELESAPN6034-028-024

Schools near 1459 West 85th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 10
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
La Salle Avenue Elementary School
PublicK to 5

Vox Collegiate of Los Angeles
Charter6 to 10

George Washington Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1459 West 85th Street is a multi-family home for sale in Los Angeles, CA 90047. This property was listed for sale on August 21, 2024 by The Hills Premier Realty, it's currently listed at $1,100,000. It has been on the market for a total of 162 days and was last sold on November 27, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include La Salle Avenue Elementary School, Vox Collegiate of Los Angeles and George Washington Preparatory High School. 1459 West 85th Street is a 7-bed, 3-bath, 3,258 sqft multi-family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Hills Premier Realty, Melissa Knight, DRE #01184594

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.