tomo logo

$1,449,000

Beds
Unknown
sq ft
5,082

1722 W 85th St, Los Angeles, CA 90047

1722 W 85th St

Los Angeles, CA 90047

  • 137 days on market
    • Price drop $86,000↓
The Stiegler Takahashi Group proudly presents 1722 W 85th St in Los Angeles. This 4-unit apartment complex includes (1) 4-bedroom, 2-bathroom unit and (3) 2-bedroom, 1-bathroom units. The spacious 5,082 sqft building is situated on a 6,975 sqft lot, with washer/dryer hookups in each unit. Two units have been extensively remodeled inside and out, offering potential for market-rate rents. With two vacant units ready for immediate occupancy, this property presents an excellent opportunity for an owner-user to live in one unit and rent out the others, or for an investor seeking a cash-flowing asset to add to their portfolio. Contact us today for more information on this exceptional investment opportunity.

Details

Property type

Apartment

Lot size

6,975 sq ft

Price per sq ft

$286

Year built

1966

Price History

07/30/2024
CRMLS

CRMLS #SB24091163

Price change
$1,449,000
-5.6%
06/28/2024
CRMLS

CRMLS #SB24091163

Price change
$1,535,000
-6.91%
05/07/2024
CRMLS

CRMLS #SB24091163

Listed
$1,649,000
+57.05%

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Archwest Funding Llc

Loan start date

December 2023

Original loan amount

$1,045,750

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

Building or Construction Loan, 1 year

Seller

La85Th Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/21/2024 at 1:25 AM

Listing updated: 08/13/2024 at 12:47 PM

Listed by: John Stiegler II, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838

MLS: CRMLS #SB24091163

CRMLS logo

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