604 E 85th St | Los Angeles, CA 90001
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- LoopNet Team
604 E 85th St
Los Angeles, CA 90001
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Huge value-add opportunity with over 100% rental upside
- Potential to convert garages to an ADU and add a laundry room (buyer to verify)
- Great rental location in South LA directly across from South Park Elementary School
- Five-unit apartment building with two two-bed/one-bath units and three one-bed/one-bath units, one of which is non-conforming
- Recent improvements include renovated bathrooms, new windows, and $50K in roof maintenance
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 3,128 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.6/1,000 SF |
| Zoning | LAR3 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,128 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | LAR3 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Family Room
- Freezer
SITE AMENITIES
- 24 Hour Access
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 6029-032-015 | Improvements Assessment | $303,080 |
| Land Assessment | $454,621 | Total Assessment | $757,701 |
PROPERTY TAXES
Parcel Number
6029-032-015
Land Assessment
$454,621
Improvements Assessment
$303,080
Total Assessment
$757,701
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