NOT LISTED FOR SALE

229 E 85th St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $898,000 - $986,049

9 Beds
3 Baths
2,847 Sq Ft
$334/Sq Ft Est. Value

Sale Details

Date Sold: May 17, 2025

Last sale price $985,000 $346 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,596 / mo

34 Days on Market

Highlights

  • Craftsman Architecture
  • 1-Story Property
  • 3-minute walk to Wall Street Park

About This Home

As of May 2025

229-231 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

Mike Iryami

BRC Advisors- BH License #01825516 Listed on: 03/25/2025

BRC Advisors- BH

Co-Listed By

Carlos Estrada

Liberty Investment Group License #01413560

Last Buyer's Agent

Sohyoen Holthaus

Urban Real Estate, Inc. License #02251123

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 5,202 Sq Ft Lot

Home Design

  • Triplex
  • Craftsman Architecture

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

5,202 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Building Permit: Yes
  • Living Area: 2847
  • Lot Acreage: 0.1194
  • Probate: No
  • Stories: 1
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 345.00

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Other Spaces: 3
  • Garage Structures: 0
  • Parking Garage: Driveway - Concrete
  • Total Parking: 3

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Sewer: In Connected and Paid
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Percent: 15.00
  • Assessed Improvement Value: 65617
  • Assessed Land Percent: 85
  • Assessed Land Value: 371836
  • Total Assessed Value: 437453
  • Assessor Parcel Number: 6030-016-024
  • Lot Size Area: 5202

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 7.60
  • Number Of Units: 3
  • Rent Control: 100
  • Type Of Units: Triplex

Tax Info

  • Mello Roos: Unknown

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2025
Closed on
May 5, 2025
Sold by
Bought by
Seller's Agent
Mike Iryami
BRC Advisors- BH
Buyer's Agent
Sohyoen Holthaus
Urban Real Estate, Inc.
List Price
$985,000
Sold Price
$985,000
Views
13
Current Estimated Value
$949,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,488
Avg. Annual Appreciation
-3.47%
Original Mortgage
$929,210
Outstanding Balance
$925,913
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$23,599

Purchase Details

Closed on
Feb 25, 2019
Sold by
Bought by

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
Bought by
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
13.29%

Purchase Details

Closed on
Mar 30, 2017
Sold by
Bought by

Purchase Details

Closed on
Aug 17, 2016
Sold by
Bought by

Purchase Details

Closed on
Nov 2, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 22, 2004
Sold by
Bought by

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
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$985,000 Western Resources Title Compan
-- Western Resources Title Co
$373,000 First American Title Company
-- Accommodation
$322,000 Accommodation
-- --
-- New Century Title Company Or
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $929,210
Previous Owner $223,800
Previous Owner $211,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,678 $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

  • M

    Seller's Agent in 2025

    Mike Iryami

    BRC Advisors- BH

    (310) 753-8153

    3 in this area

    52 Total Sales

    Mike Iryami
    Section Image

  • C

    Seller Co-Listing Agent in 2025

    Carlos Estrada

    Liberty Investment Group

  • S

    Buyer's Agent in 2025

    Sohyoen Holthaus

    Urban Real Estate, Inc.

    (949) 656-5643

    1 in this area

    17 Total Sales

    Sohyoen Holthaus
    Section Image
  • Koeun Hwang

    Buyer Co-Listing Agent in 2025

    Koeun Hwang

    Urban Real Estate, Inc.

    (213) 590-9908

    8 in this area

    65 Total Sales

    Koeun Hwang
    Section Image

  • P

    Seller's Agent in 2018

    Polly Watts

    Sundae Homes

    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Jimmy Castro

    Real Estate Ebroker Inc

See All Agents

Map

Source: The MLS

MLS Number: 25516561

The MLS

APN: 6030-016-024

California Los Angeles County Los Angeles 90003 Florence

229 E 85th St, Los Angeles, CA

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The MLS © 2026 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.
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