Los Angeles, CA 90003 229 E 85th Street
$985,000
Pending
3 more
Presented By: Mike Iryami with BRC Advisors- BH;
- MLS# 25516561
- 03/26/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 9
Baths • 3
SQFT • 2,847
Home Details
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.
Presented By: Mike Iryami with BRC Advisors- BH;
Interior Features for 229 E 85th Street
Bedrooms
Total Bedrooms9
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths3
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories1
General for 229 E 85th Street
Additional Parcels Y/NNo
Architectural StyleCraftsman
Attached Garage No
Carport Spaces0.0
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsTake I-110 S to W Manchester Ave. Turn left onto W Manchester Ave. Turn left onto Wall St. Turn right onto E 85th St.
DisclosuresRentControl
Electric On Property Y/NNo
Full Baths
Garage Spaces0.0
Garage Y/NNo
Gross Income129456.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet5202.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income108737.0
New ConstructionNo
Number Of Units Total3
Occupancy TypeTenant
Open Parking Spaces3.0
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerSewerTapPaid
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
ViewNone
Waterfront Y/NNo
Year Built1949
Year Built SourceAssessor
ZoningLAR3
Exterior for 229 E 85th Street
Building Area Total2847.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1194
Lot Size Area5202.0
Lot Size SourceAssessor
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesConcrete
Private PoolNo
SpaNo
Total Parking3.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate