229 E 85th St Los Angeles, CA 90003
Florence Neighborhood
9
Beds
3
Baths
2,847
Sq Ft
5,202
Sq Ft Lot
Highlights
- Craftsman Architecture
- 1-Story Property
- 3-minute walk to Wall Street Park
About This Home
As of May 2025229-231 E 85th St is a three-unit multifamily property centrally located and just minutes from Downtown LA. These three units consist of (3) 3-bed/1-bath units and are currently generating fantastic income. One of the units is a newly built three-bedroom one-bathroom ADU built in 2023. All units are currently occupied. The rents are as follows: $3048(Section8), $3640(section8), ADU $4100(Section8). This property also offers on-site parking for each unit. Property has newer electrical panel.
Last Agent to Sell the Property
BRC Advisors- BH License #01825516 Listed on: 03/25/2025
Co-Listed By
Carlos Estrada
Liberty Investment Group License #01413560
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,598
Year Built
- Built in 1949
Lot Details
- 5,202 Sq Ft Lot
Home Design
- Triplex
- Craftsman Architecture
- Split Level Home
Interior Spaces
- 2,847 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Bathrooms
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Driveway
Utilities
- Heating System Mounted To A Wall or Window
- Property is located within a water district
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 6030-016-024
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Rent Control
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 25, 2025
Closed on
May 5, 2025
Sold by
Andrita Properties Llc
Bought by
Chang Hanmin and Song Rosa
Seller's Agent
Mike Iryami
BRC Advisors- BH
Buyer's Agent
Sohyoen Holthaus
Happy Haus Inc.
List Price
$985,000
Sold Price
$985,000
Views
13
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
-$10,996
Avg. Annual Appreciation
-3.67%
Original Mortgage
$929,210
Outstanding Balance
$927,571
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$46,433
Purchase Details
Closed on
Feb 25, 2019
Sold by
Andrita Properties Llc
Bought by
Andrita Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,800
Interest Rate
4.1%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Jul 6, 2018
Closed on
Nov 7, 2018
Sold by
Champery Rental Reo Llc
Bought by
Andrita Properties Llc
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Jimmy Castro
Real Estate Ebroker Inc
List Price
$499,900
Sold Price
$373,000
Premium/Discount to List
-$126,900
-25.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.28%
Purchase Details
Closed on
Mar 30, 2017
Sold by
Hollyvale Rental Holdings Llc
Bought by
Champery Rental Reo Llc
Purchase Details
Closed on
Aug 17, 2016
Sold by
Woods Barbara L
Bought by
Hollyvale Rental Holdings Llc
Purchase Details
Closed on
Nov 2, 2004
Sold by
Woods Barbara L
Bought by
Woods Barbara L and Woods Amended
Purchase Details
Closed on
Jun 22, 2004
Sold by
Woods Barbara L and Barbara L Woods Family Trust
Bought by
Woods Barbara L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,000
Interest Rate
6.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 22, 1999
Sold by
Woods Lewis W and Woods Barbara L
Bought by
Woods Barbara L and Barbara L Woods Family Trust
Similar Homes in Los Angeles, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $985,000 | Western Resources Title Compan | |
| Grant Deed | -- | Western Resources Title Co | |
| Grant Deed | $373,000 | First American Title Company | |
| Quit Claim Deed | -- | Accommodation | |
| Trustee Deed | $322,000 | Accommodation | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | New Century Title Company Or | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $929,210 | New Conventional | |
| Previous Owner | $233,800 | New Conventional | |
| Previous Owner | $223,800 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $366,000 | Negative Amortization | |
| Previous Owner | $211,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2025 05/17/25 | Sold | $985,000 | 0.0% | $346 / Sq Ft |
| 04/28/2025 04/28/25 | Pending | -- | -- | -- |
| 03/25/2025 03/25/25 | For Sale | $985,000 | +164.1% | $346 / Sq Ft |
| 12/04/2018 12/04/18 | Sold | $373,000 | -11.2% | $191 / Sq Ft |
| 11/06/2018 11/06/18 | Pending | -- | -- | -- |
| 10/20/2018 10/20/18 | Price Changed | $419,900 | -6.7% | $216 / Sq Ft |
| 09/20/2018 09/20/18 | Price Changed | $449,900 | -6.3% | $231 / Sq Ft |
| 08/24/2018 08/24/18 | Price Changed | $479,900 | -4.0% | $246 / Sq Ft |
| 07/06/2018 07/06/18 | For Sale | $499,900 | -- | $257 / Sq Ft |
Source: The MLS
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 | $5,598 | $446,201 | $379,272 | $66,929 |
| 2024 | $5,598 | $437,453 | $371,836 | $65,617 |
| 2023 | $5,494 | $428,877 | $364,546 | $64,331 |
| 2022 | $5,244 | $420,469 | $357,399 | $63,070 |
| 2021 | $5,173 | $412,226 | $350,392 | $61,834 |
| 2020 | $5,221 | $408,000 | $346,800 | $61,200 |
| 2019 | $5,022 | $400,000 | $340,000 | $60,000 |
| 2018 | $5,242 | $418,200 | $271,320 | $146,880 |
| 2016 | $2,588 | $199,722 | $145,631 | $54,091 |
| 2015 | $2,552 | $196,723 | $143,444 | $53,279 |
| 2014 | $2,573 | $192,871 | $140,635 | $52,236 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Iryami
M
Seller's Agent in 2025
Mike Iryami
BRC Advisors- BH
(310) 753-8153
3 in this area
53 Total Sales
-
C
Seller Co-Listing Agent in 2025
Carlos Estrada
Liberty Investment Group
-
Sohyoen Holthaus
S
Buyer's Agent in 2025
Sohyoen Holthaus
Happy Haus Inc.
(949) 656-5643
1 in this area
7 Total Sales
-
Koeun Hwang
Buyer Co-Listing Agent in 2025
Koeun Hwang
Happy Haus Inc.
(213) 590-9908
8 in this area
53 Total Sales
-
P
Seller's Agent in 2018
Polly Watts
Sundae Homes
-
J
Seller Co-Listing Agent in 2018
Jimmy Castro
Real Estate Ebroker Inc
Map
Source: The MLS
MLS Number: 25516561
APN: 6030-016-024
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