NOT LISTED FOR SALE

1142 E 85th St Los Angeles, CA 90001

Estimated Value: $872,000 - $1,130,435

8 Beds
6 Baths
3,232 Sq Ft
$324/Sq Ft Est. Value

Last Sold July 20, 2023

Last sale price $931,500 $288 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,693/month

35 Days on Market

Highlights

  • Contemporary Architecture
  • Laundry Room
  • Central Heating
  • No HOA
  • Tile Flooring
  • Family Room

About This Home

As of July 2023

Whether you're an investor searching for a profitable venture or an aspiring owner-occupant looking to supplement your income, this property checks all the boxes! Act now and secure your future with this attractive investment! But that's not all! one of the standout advantages of this property is its newer construction with a more modern build, you can bid farewell to the headaches of updating and maintenance that often come with older homes.
Its construction from 2014 is ideal for either first time buyer, owner-user or to add to a profitable portfolio. With a 3-car garage for back unit and private off-street parking spaces for front unit, convenience is at your fingertips! Not subjected to City of LA Housing rent control jurisdiction. Back tenants to remain. Front unit occupants leaving prior to close of escrow. Close proximity to major freeways and DTLA. ? Invest wisely, enjoy the benefits, and make your financial dreams a reality with this incredible opportunity! Agents please see private remarks for Offer Deadline.

Last Agent to Sell the Property

Jose Leiva

Century 21 Allstars License #01219706 Listed on: 06/03/2023

Century 21 Allstars

Last Buyer's Agent

Judith Martinez-Garcia

Big Block Powerhouse Realty License #02154890

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,475

Year Built

  • Built in 2014

Lot Details

  • 5,080 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Duplex
  • Contemporary Architecture
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 3,232 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 159
  • Tax Tract Number 8491
  • Assessor Parcel Number 6028025025

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $150
  • Water Sewer Expense $400
  • Operating Expense $550
  • Gross Income $6,500
  • Net Operating Income $1,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,475

Year Built

Built in 2014

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Price Per Unit: 447500
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 400.00
  • Zoning: LCR3*
  • Architectural Style: Contemporary
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6028025025
  • Year Built: 2014
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 288.21
  • Room Type: Family Room

Exterior Features

  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5080.00
  • Lot Size Acres: 0.1166

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 6500.00
  • Gross Scheduled Income: 6500.00
  • Insurance Expense: 150.00
  • Lot Size Area: 5080.0000 Square Feet
  • Net Operating Income: 1300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1105.00
  • Operating Expense Percent: 17.00
  • Rent Control: No
  • Total Expenses: 550.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5351.01
  • Tax Lot: 159
  • Tax Tract Number: 8491

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2023
Closed on
Jul 7, 2023
Sold by
Livi Francisco and Livi Felix
Bought by
Medina Karla
Seller's Agent
Jose Leiva
Century 21 Allstars
Buyer's Agent
Judith Martinez-Garcia
Big Block Powerhouse Realty
List Price
$895,000
Sold Price
$931,500
Premium/Discount to List
$36,500
4.08%
Views
84
Current Estimated Value
$1,045,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,109
Avg. Annual Appreciation
5.40%
Original Mortgage
$853,021
Interest Rate
6.71%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 28, 2021
Sold by
Murillo Almanza Francisco and Asuna Felix
Bought by
Francisco Almanza And Felix Almanza Living Tr

Purchase Details

Closed on
Sep 22, 2021
Sold by
Almanza Karena
Bought by
Almanza Francisco Murillo and Almanza Felix Osuna

Purchase Details

Listed on
Oct 17, 2017
Closed on
May 14, 2018
Sold by
Almanza Francisco M and Almanza Felix O
Bought by
Almanza Francisco M and Almanza Felix O
Seller's Agent
Jorge Barillas
No Firm Affiliation
Buyer's Agent
Jorge Barillas
S&R Properties
List Price
$750,000
Sold Price
$715,000
Premium/Discount to List
-$35,000
-4.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%

Purchase Details

Listed on
Oct 17, 2017
Closed on
May 2, 2018
Sold by
Vasquez Fausto W
Bought by
Almanza Francisco M and Almanza Felix O
Seller's Agent
Jorge Barillas
No Firm Affiliation
Buyer's Agent
Jorge Barillas
S&R Properties
List Price
$750,000
Sold Price
$715,000
Premium/Discount to List
-$35,000
-4.67%

Purchase Details

Closed on
Sep 10, 2014
Sold by
Santana Investors Llc
Bought by
Vasquez Fausto W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2013
Sold by
Heard Willie Ella
Bought by
Santana Investors Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Medina Karla $931,500 Old Republic Title
Francisco Almanza And Felix Almanza Living Tr -- --
Almanza Francisco Murillo -- --
Almanza Francisco M -- None Available
Almanza Francisco M $720,000 Wfg Title
Vasquez Fausto W $540,000 Old Republic Title Company
Santana Investors Llc $150,000 Title365
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medina Karla $856,804
Closed Medina Karla $853,021
Previous Owner Vasquez Fausto W $405,000
Previous Owner Santana Investors Llc $256,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2023 07/20/23 Sold $931,500 +4.1% $288 / Sq Ft
07/09/2023 07/09/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $895,000 -3.9% $277 / Sq Ft
06/13/2023 06/13/23 Off Market $931,500 -- --
06/03/2023 06/03/23 For Sale $895,000 +25.2% $277 / Sq Ft
05/16/2018 05/16/18 Sold $715,000 -4.7% $221 / Sq Ft
04/24/2018 04/24/18 Pending -- -- --
10/17/2017 10/17/17 For Sale $750,000 -- $232 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,475 $950,130 $459,000 $491,130
2024 $12,475 $931,500 $450,000 $481,500
2023 $10,600 $787,422 $492,139 $295,283
2022 $10,105 $771,984 $482,490 $289,494
2021 $9,983 $756,848 $473,030 $283,818
2019 $9,677 $734,400 $459,000 $275,400
2018 $7,771 $570,381 $169,001 $401,380
2016 $7,406 $548,235 $162,440 $385,795
2015 $6,880 $540,000 $160,000 $380,000
2014 $2,218 $150,000 $150,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23090528

California Regional Multiple Listing Service (CRMLS)

APN: 6028-025-025