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Sharlotte Blake

sharlotte@laluxestates.com +1(323) 219-1101

$1,025,000

Est. payment - /mo

10 Beds

5 Baths

3,896 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,896 sqft

Price per Sqft $263

MLS Listing ID 26874205

Bedrooms 10

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1986

Lot Size 5,005 Sqft

Property Description

BRC Advisors is please to offer 837 W. 85th Street, a fully occupied five-unit multifamily investment property located in Los Angeles, California 90044. The property offers an attractive and diversified unit mix consisting of one four-bedroom, two-bathroom single-family residence, two two-bedroom, one-bathroom units, and two one-bedroom, one-bathroom units. The improvements total approximately 3,896 rentable square feet and are situated on an approximately 5,003-square-foot lot. The property also provides ample on-site parking for residents. Offering Memorandum provided in LoopNet Listing. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds along with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals. Offered at $1,025,000, the property represents a stable, income-producing investment opportunity with an attractive 7.71 gross rent multiplier and a 7.98% capitalization rate. The property is currently fully occupied, providing an investor with immediate and consistent rental income from the date of acquisition. Recent capital improvements include the installation of a new roof in 2023, and three of the five units have been remodeled. The property has also received its required SB 721 balcony and exterior elevated-element clearance, reducing near term capital exposure for a new owner. With its strong current cash flow, favorable unit mix, recent improvements, and full occupancy, 837 W. 85th Street offers investors a compelling opportunity to acquire a stabilized multifamily asset at an attractive basis in the Los Angeles market.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAR4

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Appliance Disposal

Laundry Common Area

Exterior

Parking Features Uncovered

Pool None

Roof Type Shingle

Total Parking Spaces 5

Private Pool No

Building

Story 1

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 6032011026

Financing Conventional

Special Listing Condition Standard

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Listed by Sam Grayeli BRC Advisors- BH #01299288

NEARBY SCHOOL & BUSINESS

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Sharlotte Blake

+1(323) 219-1101

Broker Associate | License ID: 02035876

Broker Associate License ID: 02035876

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Los Angeles, CA

837 W 85th ST Los Angeles, CA 90044

Sharlotte Blake

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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837 W 85th ST