1722 W 85th St Los Angeles, CA 90047
Manchester Square Neighborhood
10
Beds
5
Baths
5,082
Sq Ft
6,975
Sq Ft Lot
About This Home
As of October 2024The 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
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01981597 Listed on: 05/07/2024
Co-Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01944770
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
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%
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,268
Avg. Annual Appreciation
-0.75%
Original Mortgage
$975,000
Outstanding Balance
$966,418
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$325,315
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.
Avg. Annual Appreciation
29.35%
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
Similar Homes in Los Angeles, CA
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
Average Home Value in this Area
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 Compared to Growth
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 | $13,326 | $1,300,000 | $980,000 | $320,000 |
| 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
Agents Affiliated with this Home
-
Johnnie Stiegler
Seller's Agent in 2024
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
(310) 606-0939
2 in this area
90 Total Sales
-
Stephen Takahashi
Seller Co-Listing Agent in 2024
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
(310) 403-9145
2 in this area
95 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,849 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24091163
APN: 6034-030-007
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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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