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Image 1 - 604 E 85th St, Los Angeles, California, 90001 - House for sale

Image 2 - 604 E 85th St, Los Angeles, California, 90001 - House for sale

Image 3 - 604 E 85th St, Los Angeles, California, 90001 - House for sale

E Th St, Los Angeles, Home For Sale

604 E 85th St, Los Angeles, California, 90001

E Th St, Los Angeles, Home For Sale

house for sale

4 views

Listed: 08/03/24

604 E 85th St, Los Angeles, California, 90001

7 Bed:

5 Bath:

3,128 Sq Ft Living Area:

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Price

$ 940,000

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About This House

This offering is a true value-add opportunity: current rents are half of market rate, and a new investor may want to explore the possibility to convert the garages to anADU. 604East 85th Street is a 1960 construction on a corner lot with two two-bed/one-bath units and three one-bed/one-bath units, one of which is non-conforming. The units are separately metered for gas and electricity and feature renovated bathrooms and brand new windows. The property also offers two single-car garages with tandem driveway parking and three additional surface spaces. The building does not currently offer laundry facilities, however there is space to add a laundry room. The property is located east of the 110 Freeway just north of Manchester Avenue and directly across from South Park Elementary School.

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Los Angeles Housing & Living

Average sale prices for houses

1 bed

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Aug 2024	$837,581 (-20.3%)
Jul 2024	$1,051,454 (+12.7%)
Jun 2024	$932,981 (-41.3%)
May 2024	$1,590,389 (+13.1%)
Apr 2024	$1,406,480 (0%)
Mar 2024	$1,406,480 (0%)

In August 2024, the asking price for 1 bed houses for sale in/near Los Angeles, United States averaged $837,581, a decrease of 20.3% from the previous month.

Median price trends for properties for sale in Los Angeles, United States as of August 2024.

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.