Value-Add Apartment
1439 W 85th St Los Angeles, CA 90047
1439 W 85th St, Los Angeles, CA, 90047
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For Sale
Contact for pricing
Pending
Seven-unit residential income property with on-site parking and a community laundry room.
Days on Market104
Property Features for 1439 W 85th St
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
Compass - Pasadena
(310) 230-5478
Listed by
Max Berger · License #CA
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 8:40PM Checked: Jul 22 at 8:40PM
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
Location Intelligence
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FAQs
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
