1523 E 85th St Los Angeles, CA 90001
Estimated payment $6,577/month
Total Views
16,237
5
Beds
3
Baths
3,770
Sq Ft
$279
Price per Sq Ft
Highlights
- Gated with Attendant
- Neighborhood Views
- Living Room
- Traditional Architecture
- Cooling System Mounted To A Wall/Window
- Tile Flooring
About This Home
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!
Listing Agent
3D Realty Brokerage Phone: 559-917-6756 License #01506254 Listed on: 04/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,197
Year Built
- Built in 1988
Lot Details
- 7,794 Sq Ft Lot
- Property fronts an alley
- Two or More Common Walls
- Chain Link Fence
- Fence is in average condition
- Density is 2-5 Units/Acre
Parking
- 1 Car Garage
- 3 Detached Carport Spaces
- Parking Available
- Rear-Facing Garage
- Driveway
- Assigned Parking
Home Design
- Traditional Architecture
- Quadruplex
- Cosmetic Repairs Needed
- Shingle Roof
Interior Spaces
- 3,770 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room
- Neighborhood Views
- Electric Range
Flooring
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Legal Lot and Block 24 / D
- Tax Tract Number 535
- Assessor Parcel Number 6028033021
- $2,077 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $2,065
- Pest Control $2,160
- Trash Expense $420
- Water Sewer Expense $1,565
- Operating Expense $26,856
- Gross Income $86,400
- Net Operating Income $59,544
Additional Features
- 4 Units
- Gated with Attendant
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $9,197 | $577,349 | $266,405 | $310,944 |
| 2023 | $8,718 | $566,030 | $261,182 | $304,848 |
| 2022 | $8,356 | $554,932 | $256,061 | $298,871 |
| 2021 | $8,252 | $544,052 | $251,041 | $293,011 |
| 2019 | $8,021 | $527,917 | $243,596 | $284,321 |
| 2018 | $7,852 | $517,567 | $238,820 | $278,747 |
| 2016 | $7,513 | $497,472 | $229,548 | $267,924 |
| 2015 | $7,422 | $490,000 | $226,100 | $263,900 |
| 2014 | $7,038 | $441,806 | $150,485 | $291,321 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2025 04/10/25 | For Sale | $1,050,000 | -- | $279 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $490,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | Diversified Title & Escrow S | |
| Interfamily Deed Transfer | -- | Gateway Title Company | |
| Grant Deed | $345,000 | Gateway Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $481,124 | FHA | |
| Previous Owner | $331,000 | New Conventional | |
| Previous Owner | $276,000 | No Value Available | |
| Closed | $34,500 | No Value Available |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: FR25070225
APN: 6028-033-021
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 multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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