Los Angeles, CA 90001 1523 E 85th Street
$1,050,000
19 more
Presented By: Mireya Lazaro with 3D Realty; 559-917-6756
Beds • 9
Full/Half Baths • 2 / 1
SQFT • 3,770
Garage • 1
Year Built • 1988
Home Details
Prime 4-Unit Income Property – Great Potential!
Seize this incredible investment opportunity with this 4-unit multifamily property, offering immediate rental income and strong future upside! Situated in a desirable neighborhood, this well-maintained property features four spacious units, each with consistent tenants, ensuring steady cash flow from day one.
This property presents a great opportunity for investors looking to expand their portfolio with an asset that has both immediate returns and long-term appreciation potential. Whether you're seeking a buy-and-hold investment or a value-add renovation project, this income-generating property is a must-see!
Don’t miss out!
Presented By: Mireya Lazaro with 3D Realty; 559-917-6756
Interior Features for 1523 E 85th Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
FlooringCarpet, Laminate, Tile, Vinyl
Heating Y/NYes
Interior AmenitiesCeilingFans, AllBedroomsDown
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 1523 E 85th Street
AccessibilityNone
Additional Parcels Y/NNo
AppliancesElectricRange, GasWaterHeater, WaterHeater
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces3.0
Carport Y/NYes
CityLos Angeles
Community FeaturesSidewalks
CoolingWallWindowUnits
CountyLos Angeles
Current FinancingConventional, Fha, GovernmentLoan, Private
DirectionsFrom Compton Ave. turn right onto E 85th St.
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense0.0
Garage Spaces1.0
Garage Y/NYes
Gross Income86400.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2065.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Listing TermsExchange1031
Lot Size Square Feet7794.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income59544.0
New ConstructionNo
Number Of Units Total4
Ok to LeaseMonthToMonth
Operating Expense26856.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionRepairsCosmetic
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Security FeaturesCarbonMonoxideDetectors, GatedWithAttendant, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot24
Tenant PaysElectricity
Trash Expense420.0
UtilitiesElectricityAvailable, ElectricityConnected, SewerAvailable, SewerConnected, WaterAvailable, WaterConnected
ViewNeighborhood, None
Water Sewer Expense1565.0
Year Built1988
Year Built SourcePublicRecords
ZoningLCR3*
Exterior for 1523 E 85th Street
Building Area Total3770.0
Crops Included Y/NNo
FencingAverageCondition, ChainLink, FairCondition
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1789
Lot Size Area7794.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesAssigned, Carport, DetachedCarport, Driveway, GarageFacesRear
Private PoolNo
Road Frontage TypeAlley, CityStreet
Road Surface TypeAlleyPaved
SpaNo
Total Parking4.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,050,000
MLS#FR25070225
List Date
04/09/2025
Property Type
Multi-Family
Phone
(310) 963-5595
