Value-Add Apartment
For Sale
Contact for pricing
Pending
1439 W 85th St, Los Angeles, CA 90047
Seven-unit residential income property with on-site parking and a community laundry room.
Property SizeContact for details
Days on Market149
Property Features for 1439 W 85th St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Cap Rate
4.88%
Multifamily Units
7
Amenities
on-site parking
community laundry room
Listing Agency:
Compass - Pasadena
Listed By:
Max Berger · License #CA
(310) 230-5478
Source:
Crexi
Added: Apr 11
Changed: Aug 26
Last Checked: Sep 4 at 6:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass - Pasadena
Investment Insights
Based on property information with market context.
This is a 7-unit value-add apartment building. The current unit mix includes three 3-bedroom, one-bath units; two 2-bedroom, one-bath units; and four 1-bedroom units. The property provides on-site parking and a community laundry room.
The building is located near the intersection of S. Normandie Ave and Manchester Ave in South Los Angeles. The remarks indicate the property is operating at a 4.88% current CAP and generates approximately $9,500+ in gross monthly income.
The offering is also described as part of a broader 47-unit portfolio purchase option. Based on the stated market rents on renovated units in the area, the remarks project approximately $14,400+ in gross monthly income and an 8.71% pro-forma CAP.
The building is located near the intersection of S. Normandie Ave and Manchester Ave in South Los Angeles. The remarks indicate the property is operating at a 4.88% current CAP and generates approximately $9,500+ in gross monthly income.
The offering is also described as part of a broader 47-unit portfolio purchase option. Based on the stated market rents on renovated units in the area, the remarks project approximately $14,400+ in gross monthly income and an 8.71% pro-forma CAP.
Key Highlights
- 7‑unit value‑add residential property in South Los Angeles (can be purchased individually or as part of a 47‑unit portfolio)
- Unit mix: three 3‑bed/1‑bath units, two 2‑bed/1‑bath units, and four 1‑bed units
- Generates approx. $9,500+ in gross monthly income and operates at a 4.88% current CAP
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,288
Businesses Nearby
Explore this area
Business Placement
Demographics for 90047, CA
50,154
Population
18,042
Households
2.8
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
10,671
Density / Sq Mi
$70,187
Median Household Income
$39,898
Median Earnings
$1,492
Median Rent
$648,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit residential income property with on-site parking and a community laundry room.
Where is this apartment building located?
The property is located at 1439 W 85th St Los Angeles, CA.
What are key features of this property?
This property features: 7‑unit value‑add residential property in South Los Angeles (can be purchased individually or as part of a 47‑unit portfolio); Unit mix: three 3‑bed/1‑bath units, two 2‑bed/1‑bath units, and four 1‑bed units; Generates approx. $9,500+ in gross monthly income and operates at a 4.88% current CAP
