$1,300,000
SOLD OCT 25, 2024
10 Beds
5 Baths
5,082 Sq Ft
6,975 Sq Ft Lot

Recently Sold

$256 Per Sq Ft

21% Below List Price

147 Days on Market

About This Home

As of October 2024

The Stiegler Takahashi Group proudly presents 1722 W 85th St in Los Angeles. This 4-unit apartment complex includes (1) 4-bedroom, 2-bathroom unit and (3) 2-bedroom, 1-bathroom units. The spacious 5,082 sqft building is situated on a 6,975 sqft lot, with washer/dryer hookups in each unit. Two units have been extensively remodeled inside and out, offering potential for market-rate rents. With two vacant units ready for immediate occupancy, this property presents an excellent opportunity for an owner-user to live in one unit and rent out the others, or for an investor seeking a cash-flowing asset to add to their portfolio. Contact us today for more information on this exceptional investment opportunity.

Last Agent to Sell the Property

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01981597

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01944770

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,326

Year Built

  • Built in 1966

Lot Details

  • 6,975 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Apartment

Interior Spaces

  • 5,082 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 683
  • Tax Tract Number 4511
  • Assessor Parcel Number 6034030007
  • $20,613 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $360
  • Fuel Expense $360
  • Insurance Expense $2,670
  • Trash Expense $720
  • Water Sewer Expense $2,160
  • Operating Expense $33,359
  • Gross Income $125,309
  • Net Operating Income $94,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,326

Year Built

Built in 1966

Lot Details

0

Listing Details

  • CapRate: 6.52
  • Other Phone Description: Lucas Cell
  • Other Phone Number: 831.809.3005
  • Price Per Unit: 362250
  • Property Attached: Yes
  • Water Sewer Expenses: 2160.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6034030007
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 255.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6975.00
  • Lot Size Acres: 0.1601

Multi Family

  • Electric Expense: 360.00
  • Fuel Expense: 360.00
  • Gross Income: 125309.00
  • Gross Multiplier: 12.50
  • Gross Scheduled Income: 131904.00
  • Insurance Expense: 2670.00
  • Lot Size Area: 6975.0000 Square Feet
  • Net Operating Income: 94450.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 30859.00
  • Rent Control: Yes
  • Total Expenses: 33359.00

Tax Info

  • Tax Lot: 683
  • Tax Tract Number: 4511
  • TaxOtherAnnualAssessmentAmount: 20613.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
Oct 10, 2024
Sold by
La85th Llc
Bought by
Ghani Khaliq Bedart and Ghani Khalil Bedart
Seller's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,649,000
Sold Price
$1,300,000
Premium/Discount to List
-$349,000
-21.16%
Total Days on Market
147
Views
22
Current Estimated Value
$1,282,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,257
Avg. Annual Appreciation
0.24%
Original Mortgage
$975,000
Outstanding Balance
$971,235
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$330,595

Purchase Details

Listed on
Oct 24, 2023
Closed on
Dec 19, 2023
Sold by
Sloss Melvin Carlisle and Sloss Faye Frances
Bought by
Sloss Michael
Seller's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Views
137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.35%
Original Mortgage
$1,045,750
Interest Rate
7.5%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 24, 2023
Closed on
Nov 9, 2023
Sold by
Sloss Melvin Carlisle and Boo Faye
Bought by
La85th Llc
Seller's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Views
137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,045,750
Interest Rate
7.5%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 22, 2000
Sold by
Sloss Melvin C and Sloss Faye F
Bought by
Sloss Melvin Carlisle and Sloss Faye Frances Booth

Map

Range of Values:

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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

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,300,000 Old Republic Title
Grant Deed $1,050,000 Progressive Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $975,000 New Conventional
Previous Owner $1,045,750 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Sold $1,300,000 -10.3% $256 / Sq Ft
07/30/2024 07/30/24 Price Changed $1,449,000 -5.6% $285 / Sq Ft
06/28/2024 06/28/24 Price Changed $1,535,000 -6.9% $302 / Sq Ft
05/07/2024 05/07/24 For Sale $1,649,000 +57.0% $324 / Sq Ft
12/26/2023 12/26/23 Sold $1,050,000 -4.5% $207 / Sq Ft
11/01/2023 11/01/23 Pending -- -- --
10/24/2023 10/24/23 For Sale $1,100,000 -- $216 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,326 $1,050,000 $735,000 $315,000
2023 $2,700 $163,989 $26,601 $137,388
2022 $2,602 $160,775 $26,080 $134,695
2021 $2,539 $157,623 $25,569 $132,054
2020 $2,553 $156,007 $25,307 $130,700
2019 $2,477 $152,949 $24,811 $128,138
2018 $2,318 $149,951 $24,325 $125,626
2016 $2,167 $144,131 $23,382 $120,749
2015 $2,141 $141,967 $23,031 $118,936
2014 $2,178 $139,187 $22,580 $116,607
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24091163

California Regional Multiple Listing Service (CRMLS)

APN: 6034-030-007