604 E 85th, Los Angeles, CA 90001
Local realty services provided by:CENTURY 21 Affiliated
604 E 85th,Los Angeles, CA 90001
$865,000
- 6 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: varinder kumar luhanibal
Office: vk luxury real estate
MLS#:OC26055228
Source:San Diego MLS via CRMLS
Price summary
- Price:$865,000
About this home
Prime investment opportunity in the heart of Florence, South Los Angeles! This well-maintained 5-unit multi-family building (built 1960, 3,128 sq ft on 4,001 sq ft lot) offers strong income potential with 100% occupancy and month-to-month (MTM) tenancies across all unitsno active leases to complicate ownership. Current rent roll (as of March 1, 2026) shows total monthly gross scheduled income of $5,283.89: (1) 2 bed / 1 bath 1,080 sq ft $1,243.73 (2) 1 bed / 1 bath 870 sq ft $1,108.54 (1) 2 bed / 1 bath 870 sq ft $1,039.00 (1) 1 bed / 1 bath 870 sq ft $1,054.46 (1) 1 bed / 1 bath $838.16 Rents are below current South LA market averages (where 1BR units often exceed $1,600$2,000+ and 2BR $2,000$2,700+ per recent data), providing significant upside through allowable increases under the City of Los Angeles Rent Stabilization Ordinance (RSO), which applies to this pre-1978 property. Additional features: 2 enclosed garages + open parking (total ~5 spaces), 2-story wood/stucco construction, front entry location. One unit noted as non-conformingproperty technically qualifies as 4-unit for some residential financing options (buyer to verify with lender). Sold with tenants in place; buyer can pursue vacancy decontrol or other strategies post-closing per RSO rules. Ideal for cash-flow investors seeking stable income in a high-demand area with proximity to major freeways, amenities, and ongoing South LA revitalization. Rent roll, leases (MTM), and supporting docs available. Don't miss this solid performerschedule your showing today!...
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Home facts
- Listing ID #:OC26055228
- Added:1 day(s) ago
- Updated:March 15, 2026 at 06:30 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$865,000
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