624 West 85th Street

Los Angeles, CA 90044

$1,300,000
Price
9
Beds
5
Baths
3,590 Sq. Ft.
$362 / Sq. Ft.
3,590
Sq. Ft.
$362
per Sq. Ft.

Description

Welcome to 624 W. 85th St., a fantastic 4-unit multifamily property centrally located just minutes away from Downtown Los Angeles, SoFi Stadium, and LAX. This income-producing gem features one spacious 3-bedroom, 2-bathroom unit and three 2-bedroom, 1-bathroom units, making it ideal for rental investment or owner occupancy. Live in one unit and collect rental income from the other three! With its prime location and income potential, this property is a great opportunity for investors or families looking...Welcome to 624 W. 85th St., a fantastic 4-unit multifamily property centrally located just minutes away from Downtown Los Angeles, SoFi Stadium, and LAX. This income-producing gem features one spacious 3-bedroom, 2-bathroom unit and three 2-bedroom, 1-bathroom units, making it ideal for rental investment or owner occupancy. Live in one unit and collect rental income from the other three! With its prime location and income potential, this property is a great opportunity for investors or families looking to make a home while earning additional revenue. Don't miss out on this rare offering in a highly sought-after area!
  1. Listed by Luis Carlos Hernandez • DRE #01702834 • Brokerage DRE #00760251 • Century 21 A Better Service • 562-572-4661

Property Details for 624 West 85th Street

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3590
Property Attached YN
true
Common Walls
2+ Common Walls
LISTING UPDATED: 10/14/2024 03:35 AM

Property Details for 624 West 85th Street

StatusActive
MLS #DW24211783
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.15 AC / 6,512 SF
CountyLos Angeles County

Building Information for 624 West 85th Street

Stories2Residences-Year Built1964Building Size-Lot Size0.15 AC / 6,512 SF

Property Information for 624 West 85th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $46,176
  • Gross Scheduled Income: $46,176
  • Net Operating Income: $46,176
  • 433a Certified: No
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $16,250
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,000
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $19,250
Tax / Assessment Info
  • Tax Tract Number: 2383
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 160
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,976
  • Unit Type Total Rent: $1,976
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,872
  • Unit Type Total Rent: $1,872
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 624 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 624 West 85th Street

Taxable ValueLand$326,570Additions$85,405Total$411,975
Tax Record2024$5,521 ($460 / month)
Home Facts
Total Finished SqFt3,590 SqFtAbove Grade Finished SqFt3,590 SqFtLot Size6,510 SqFtStyleQuadraplexYear Built1964ZoningLAR3CountyLOS ANGELESAPN6032-016-037

Schools near 624 West 85th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 6
Public - 7 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Manchester Avenue Elementary School
Public1 to 6

Mary Mcleod Bethune Middle School
Public7 to 8

KIPP Academy Of Opportunity
Charter5 to 8

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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624 West 85th Street is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on October 5, 2024 by Century 21 A Better Service, it's currently listed at $1,300,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Manchester Avenue Elementary School, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 624 West 85th Street is a 9-bed, 5-bath, 3,590 sqft multi-family home built in 1964.

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 Century 21 A Better Service, Luis Carlos Hernandez, DRE #01702834

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.