837 W 85th ST, Los Angeles, CA 90044
837 W 85th ST, Los Angeles, CA 90044
837 W 85th ST, Los Angeles, CA 90044
837 W 85th ST, Los Angeles, CA 90044
837 W 85th ST, Los Angeles, CA 90044
837 W 85th ST, Los Angeles, CA 90044
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 1,025,000
Est. payment | /mo

10 Beds

5 Baths

3,896 SqFt

Save
$ 1,025,000
Est. payment | /mo
Save

10 Beds

5 Baths

3,896 SqFt

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Sam Grayeli BRC Advisors- BH #01299288

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
$ /year
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
Full Name
Phone

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

GET IN TOUCH

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.