NOT LISTED FOR SALE

1439 W 85th St Los Angeles, CA 90047

Manchester Square Neighborhood
11 Beds
7 Baths
4,844 Sq Ft
6,685 Sq Ft Lot

Last Sold December 20, 2022

Last sale price $1,305,000 $269 Per Sq Ft

65 Days on Market

About This Home

As of December 2022

*** 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.

Last Agent to Sell the Property

Max Berger

Compass License #02054048 Listed on: 09/12/2022

Compass

Last Buyer's Agent

Rania Suroor

Terra Conejo Properties Inc. License #01718118

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,685 Sq Ft Lot

Interior Spaces

  • 4,844 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Parking

  • 7 Parking Spaces
  • Side by Side Parking
  • Uncovered Parking

Community Details

  • 7 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 6034-028-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4844
  • Lot Acreage: 0.1535
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 289.02

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Side By Side, Uncovered
  • Total Parking: 7

Lot Info

  • Assessor Parcel Number: 6034-028-020
  • Lot Size Area: 6685

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 12.15
  • Number Of Units: 7
  • Total Annual Expense: 37532
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 2.50
  • Vacancy Rate: 0

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $1,305,000 -6.8% $269 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
10/24/2022 10/24/22 Price Changed $1,400,000 -6.7% $289 / Sq Ft
09/12/2022 09/12/22 For Sale $1,500,000 +56.6% $310 / Sq Ft
12/26/2018 12/26/18 Sold $957,900 -12.9% $198 / Sq Ft
11/28/2018 11/28/18 Price Changed $1,100,000 0.0% $227 / Sq Ft
11/01/2018 11/01/18 Pending -- -- --
05/22/2018 05/22/18 For Sale $1,100,000 -- $227 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Max Berger

    Seller's Agent in 2022

    Max Berger

    Compass

    (310) 953-4562

    2 in this area

    33 Total Sales

    Section Image

  • R

    Buyer's Agent in 2022

    Rania Suroor

    Terra Conejo Properties Inc.

    Section Image

  • T

    Seller's Agent in 2018

    Ted Brass

    Ted Brass Real Estate Solutions

    Section Image
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Map

Source: The MLS

MLS Number: 22-198920

The MLS

California Los Angeles County Los Angeles 90047 Manchester Square

1439 W 85th St, Los Angeles, CA

This home is located at 1439 W 85th St, Los Angeles, CA 90047 since 12 September 2022. This property was built in 1964. 1439 W 85th St is a home located in Los Angeles County with nearby schools including La Salle Avenue Elementary School, Horace Mann Ucla Community, and George Washington Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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