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Template Nine
phil+t9@lofty.com$ 1,595,000
Est. payment /mo
Price Dropped by $54K
525 W 85th Street Los Angeles, CA 90044
13 Beds
7 Baths
6,512 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26063388
Bedrooms 13
Lot Size 6,512 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Introducing a newly built multi-unit investment at 523, 525, and 525 W 85th Street in Los Angeles. This stunning brand-new construction features a modern triplex, perfect for investors, offering an exceptional blend of scale, functionality, and income potential. The triplex includes two spacious units at the front, each offering 5 bedrooms and 3 bathrooms (totaling approximately 3,120 sq ft), while the detached unit in the back provides offers 3-bedrooms and 1-bathroom (approx. 1,089 sq ft). The property also includes a four-car garage with two additional on-site parking spaces, as well as individual meters for each unit. Currently fully leased with three tenants on one-year agreements at market rents and offered at an attractive $1,725,000 price pointmaking it a highly competitive opportunity in todays market. With new construction and low ongoing maintenance, ownership is designed to be seamless from day one. Ideally located just minutes from SoFi Stadium, local parks, shopping, dining, and major transit corridors, this property offers both strong in-place income and long-term upside. **ALL UTILITIES PAID BY TENANTS**
Location
State CA
County Los Angeles
Zoning Estimated
Direction Figueroa + West 85th Street, West From 110 Freeway
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6032017049
Listed by Jody Clegg, DRE#01230876 Compass