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524 85th Street

Los Angeles, CA 90044

$1,260,000 Sale Price
Est. Payment: $ 0/mo
10
Bed
6
Bath
3,800 Sq. Ft.
$316 / Sq. Ft.
Sold

524 85th Street

Los Angeles, CA 90044

Sold
$1,260,000 Sale Price
$0/mo
10
Bed
6
Bath
3,800
Sq. Ft.
Welcome to 524 & 526 W 85th St, Los Angeles CA. Both units to be delivered 100% vacant. Non-rent-controlled, turnkey duplex with RTI plans and permits to convert the garages into two ADUs, forcing massive appreciation. Solid investment opportunity for owner/user with potential to have four units on the gated lot. Built in 2012, it’s not subject to the LA city RSO or AB 1482. Each unit comes with a two-car garage. Plenty of room to park two more cars in the driveway on an extra-large lot. The owner spent over 1.5 years and $13,000 to get architectural plans and permits to convert the left-side, two-car garage into a 1 bed/1 bath unit and the right-side, two-car garage into a studio. Perfect for a savvy house hacker or non-profit to use for a group home or co-living. The front unit, 524, has 5 bedrooms, 3 full bathrooms, and a ¾ bathroom, which was legally converted from a laundry room with permits. Stacked washer and dryer hookups were installed in the kitchen to maximize the use of space. The living and dining rooms are so large that you could convert the dining room into a bedroom and create a dining space in the living room. The back unit, 526, has 5 bedrooms, 3 bathrooms, a new stainless steel Whirlpool OTR microwave, a new contemporary ceiling fan, a new high-efficiency Samsung washer/dryer set, and elegant new ceiling lights. Kitchens in both units have quartz countertops, a stove, and a refrigerator. Both units were updated with new smart thermostats, hot water heaters, paint, luxury-vinyl-plank flooring, security doors and bars on windows. LA city permits were issued for the quick releases in the L1 bedrooms. Solar panels, leased from SunRun for 25 years, nearly eliminate your electricity bill. Easy access to 110 Freeway. One block from the Metro J Line (Silver) on the 110 freeway, offering rapid transit to Downtown LA and East LA. The Vermont Transit Corridor, opening in 2028-2030, will connect you from Hollywood Blvd to 120th Street. Just a few blocks to major developments such as the Vermont/Manchester Transit Priority Project. A discounted mortgage rate of 4.75% for 30 years and a $4,000 credit toward closing costs are available for qualified buyers. Many grants and special financing programs with as little as 3% to 10% down are available for first-time buyers and/or owner-occupiers.
PROPERTY INFORMATION
MLS # SR23026420 Lot Size 6,300 Sq. Ft.
HOA Fees $0/Monthly Property Type Duplex
Price $ 1,199,000
Price Per SqFt: $ 316
DOM 809 Days
Address 524 85th Street Type Residential
City Los Angeles Sq.Ft. 3,800 Sq. Ft.
Postal Code 90044 Garage 4
County Los Angeles Year Built 2012
Bed / Bath 10 / 6 Parking 4
Built In 2012 Status Closed
Sold Date 2023-04-25
INTERIOR FEATURES
Has Laundry Yes
Laundry Information Dryer Included, Inside, Washer Included
Has Fireplace No
Fireplace Information None
Has Appliances Yes
Kitchen Appliances Freezer, Gas Oven, Microwave, Refrigerator
Kitchen Information Granite Counters
Kitchen Area In Family Room, Dining Room
Has Heating Yes
Heating Information Central
Room Information Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Two Masters
Has Cooling No
Cooling Information None
Flooring Information Tile, Vinyl
InteriorFeatures Information Ceiling Fan(s), Granite Counters, Open Floorplan
Bathroom Information Shower, Shower in Tub
Main Level Bedrooms 2
Main Level Bathrooms 2
EXTERIOR FEATURES
Has Pool No
Pool None
WALKSCORE
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $1,279
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
04/25/2023 Sold $1,260,000
03/03/2023 Active Under Contract $1,199,000
02/16/2023 Listed $1,199,000
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Topfind Realty

REALTOR®

(844)-333-8033

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Listing provided courtesy of Phuong Lynn Tran, Keller Williams Encino/Sherman Oaks. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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