604 E 85th St Los Angeles, CA 90001
Florence NeighborhoodAbout This Home
Prime investment opportunity in the heart of Florence, South Los Angeles! This well-maintained 5-unit multi-family building (built 1960, 3,128 sq ft on 4,001 sq ft lot) offers strong income potential with 100% occupancy and month-to-month (MTM) tenancies across all units—no active leases to complicate ownership.
Current rent roll (as of March 1, 2026) shows total monthly gross scheduled income of $5,283.89: (1) 2 bed / 1 bath – 1,080 sq ft – $1,243.73
(2) 1 bed / 1 bath – 870 sq ft – $1,108.54
(1) 2 bed / 1 bath – 870 sq ft – $1,039.00
(1) 1 bed / 1 bath – 870 sq ft – $1,054.46
(1) 1 bed / 1 bath – $838.16 Rents are below current South LA market averages (where 1BR units often exceed $1,600–$2,000+ and 2BR $2,000–$2,700+ per recent data), providing significant upside through allowable increases under the City of Los Angeles Rent Stabilization Ordinance (RSO), which applies to this pre-1978 property.
Additional features: 2 enclosed garages + open parking (total ~5 spaces), 2-story wood/stucco construction, front entry location. One unit noted as non-conforming—property technically qualifies as 4-unit for some residential financing options (buyer to verify with lender). Sold with tenants in place; buyer can pursue vacancy decontrol or other strategies post-closing per RSO rules.
Ideal for cash-flow investors seeking stable income in a high-demand area with proximity to major freeways, amenities, and ongoing South LA revitalization. Rent roll, leases (MTM), and supporting docs available. Don't miss this solid performer—schedule your showing today!
Listing Agent
VK LUXURY REAL ESTATE Brokerage Phone: 562-418-0998 License #02059761 Listed on: 03/12/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 4,001 Sq Ft Lot
- Two or More Common Walls
- Front Yard
Parking
- 2 Car Garage
Home Design
- Property Attached
- Entry on the 2nd floor
Interior Spaces
- 3,128 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 39
- Tax Tract Number 6534
- Assessor Parcel Number 6029032015
- $918 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- 5 Leased Units
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 5 Separate Water Meters
- Operating Expense $20,515
- Gross Income $63,406
- Net Operating Income $43,005
Map
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 |
|---|---|---|---|---|
| 2025 | $9,777 | $757,701 | $454,621 | $303,080 |
| 2024 | $9,777 | $742,845 | $445,707 | $297,138 |
| 2023 | $9,600 | $728,280 | $436,968 | $291,312 |
| 2022 | $9,179 | $714,000 | $428,400 | $285,600 |
| 2021 | $8,671 | $666,837 | $363,729 | $303,108 |
| 2020 | $3,210 | $197,448 | $60,746 | $136,702 |
| 2019 | $3,114 | $193,577 | $59,555 | $134,022 |
| 2018 | $3,046 | $189,783 | $58,388 | $131,395 |
| 2016 | $2,854 | $182,416 | $56,122 | $126,294 |
| 2015 | $2,822 | $179,676 | $55,279 | $124,397 |
| 2014 | $2,856 | $176,158 | $54,197 | $121,961 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/12/2026 03/12/26 | For Sale | $865,000 | -- | $277 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $242,500 | Wfg National Title Co Of Ca | |
| Interfamily Deed Transfer | -- | First American | |
| Grant Deed | $130,000 | North American Title Co | |
| Trustee Deed | $125,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $110,500 | Seller Take Back |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26055228
APN: 6029-032-015
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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Ask me questions while you tour the home.