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$1,535,000   Price Analysis
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1722 W 85th St
Los Angeles, CA 90047
10 bed 5 bath 5,082 SqFt ($302/SqFt)
6,975SqFt lot. Built 1966
Listed 2024-05-07, Taxes $2,601
Ⓧ USDA Ineligible
due to price & location

near Westmont

The Stiegler Takahashi Group proudly presents 1722 W 85th St in Los Angeles.

Ths 4-unit apartment complex includes (1) 4-bedroom, 2-bathroom unit and (3) 2-bedroom, 1-bathroom units. The open 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.


Presented by John Stiegler Ii at
Lyon Stahl Investment Re, Inc.


Property MLS #SB24091163 from CRMLS

Bedrooms: 10

Laundry Features: Electric Dryer Hookup, Washer Hookup

Full Bathrooms: 5

Lot Description: Rectangular Lot
Lot Size Acres: 0.160124
Lot Size Source: Public Records
Lot Size Square Feet: 6975

Parking Total: 4

Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 4
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 2

Rent Control: Yes

Community Features: Sidewalks, Urban

Source Listing Status: Active
County: Los Angeles
Cap Rate: 6.08
Source Property Type: Residential Income
Insurance Expense: 2670.00
Area: C34 - Los Angeles Southwest
Source Neighborhood: C34 - Los Angeles Southwest
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 4
Parcel Number: 6034030007
Trash Expense: 720.00
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$134,695 + $26,080
$160,775
$2,601
2021$132,054 + $25,569
$157,623
$2,538
2020$130,700 + $25,307
$156,007
$2,553
2019$128,138 + $24,811
$152,949
$2,477
2018$125,626 + $24,325
$149,951
$2,318
2017$123,163 + $23,849
$147,012
$2,279
2016$120,749 + $23,382
$144,131
$2,166
2015$118,936 + $23,031
$141,967
$2,141
2014$116,607 + $22,580
$139,187
$2,178
2013$116,080 + $22,478
$138,558
$2,172
2012$113,804 + $22,038
$135,842
$2,201
2010$111,573 + $21,606
$133,179
$2,193
2009$111,004 + $21,496
$132,500
$2,111
2009$110,740 + $21,445
$132,185
$2,111
2008$108,828 + $21,075
$129,903
$2,040
2007$106,695 + $20,662
$127,357
$1,956

Listed for rent 2024-07-24
$3,050
RentalBeast
Price Changed 2024-06-28
$1,535,000
CRMLS
Listed 2024-05-07
$1,649,000
CRMLS
Sold 2023-12-26
$1,050,000
CRMLS
Listed 2023-10-24
$1,100,000
CRMLS

Net Operating Income: 93373.00

Total Square Feet Living: 5082
Year Built: 1966
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: front
Property Age: 58
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Public Records

Electric Expense: 360.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 2160.00
Water Source: Public

La Salle Avenue Elementary School is a public elementary school located approximately 0.2 miles away.
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Horace Mann Ucla Community is a public middle and high school located approximately 1.1 miles away.
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Baby G.O.D.S. Academy is a private elementary and middle school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.