604 85th, Los Angeles CA 90001 | $865,000
Listing provided courtesy of Varinder Kumar Luhanibal of VK LUXURY REAL ESTATE. Last updated 2026-03-22 08:11:28.000000. Listing information © 2026 SANDICOR.
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 units—no 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-conforming—property 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 performer—schedule your showing today!
More Details
0.09 Acres
2 Stories
