1145 W 85Th Street

Los Angeles, CA 90044

PRICE REDUCED

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-$75,000 (-10.34%)

$650,000

List Price

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1950

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Property Description

Exceptional investment opportunity awaits at 1145 W 85th Street in the heart of Los Angeles! This triplex is ideally located just minutes from major sports and entertainment venues, including SoFi Stadium, the Kia Forum, and the Los Angeles Memorial Coliseum. Whether you're a savvy investor or looking for a property with rental income potential, this location offers prime accessibility to LA's booming entertainment district. The property features three units, each with its own unique layout, offering excellent income potential. While the units are in need of updating, this is a golden opportunity for those looking to renovate and add significant value. With some modern upgrades and personal touches, these units could command premium rental rates in this highly desirable area. The front house has 2 bedrooms and 1 bath, the second rear unit is a one bedroom one bath and the last unit is 1 bedroom 1 bath. The property also has potential to build an ADU in the back making this a 4 unit property! So many possibilities with this opportunity! This property is also in close proximity to the new college being built on Western Ave! Additional highlights include a spacious lot with plenty of on-site parking and easy access to public transportation, major freeways, shopping, dining, and entertainment. Don’t miss out on this rare chance to own a multi-unit property in one of LA's most exciting neighborhoods. Perfect for an investor or owner-occupier looking for rental income! This property has endless potential—come see for yourself! All UNITS ARE CURRENTLY OCCUPIED.

Listing Information

List Price $650,000
Status Active
MLS OC24183034
Type Residential Income
Subtype Triplex
Year Built 1950
Lot Size 5,575
Structure Size N/A
DOM 48
Courtesy Of KASE Real Estate, Inc.
Listing Agent Michelle Sferrino DRE#01765833

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Michelle Sferrino, KASE Real Estate, Inc. 310-650-2242. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 29th, 2024 at 6:26 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.