1722 W 85th St, Los Angeles, CA 90047

1722 W 85th St, Los Angeles, CA 90047

Los Angeles, CA
$1,649,000

Property Description

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.

Property Features

  • Sale Price: $1,649,000
  • Area Size: 6,975 sq ft lot
  • Year Built: 1966
  • Listing Date: 05/07/2024
  • Units: 4
  • Current GRM: 12.50
  • Current Cap Rate: 5.58%
  • Price Per Unit: $412,250