229-231 E 85th St is a three-unit multifamily property centrally located and just minutes from Downtown LA. These three units consist of (3) 3-bed/1-bath units and are currently generating fantastic income. One of the units is a newly built three-bedroom one-bathroom ADU built in 2023. All units are currently occupied. The rents are as follows: $3048(Section8), $3640(section8), ADU $4100(Section8). This property also offers on-site parking for each unit. Property has newer electrical panel.
Sold for $985,000 on 05/17/25
$985,000
229 E 85th St, Los Angeles, CA 90003
9beds
3baths
2,847sqft
Multi Family
Built in 1949
-- sqft lot
$960,300 Zestimate®
$346/sqft
$2,319 Estimated rent
Home value
$960,300
$874,000 - $1.06M
$2,319/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 19, 2025 at 09:46am
Listed by:
Mike Iryami DRE # 01825516 310-525-3708,
BRC Advisors- BH,
Carlos Estrada DRE # 01413560 562-477-8983,
Liberty Investment Group
Bought with:
Sohyoen Holthaus, DRE # 02251123
Happy Haus Inc.
Koeun Hwang, DRE # 01718399
Happy Haus Inc.
Source: CLAW,MLS#: 25516561
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
Heating
- Wall
Cooling
- None
Appliances
- Included: Gas Water Heater
Interior area
- Total structure area: 2,847
- Total interior livable area: 2,847 sqft
Property
Parking
- Total spaces: 3
- Parking features: Concrete
- Uncovered spaces: 3
Features
- Levels: Multi/Split
- Stories: 1
- Has view: Yes
- View description: None
Lot
- Size: 5,201 sqft
Details
- Additional structures: None
- Parcel number: 6030016024
- Zoning: LAR3
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Multi Family
Condition
- Year built: 1949
Utilities & green energy
- Sewer: In Connected and Paid
- Water: District
Community & neighborhood
Location
- Region: Los Angeles
Price history
| Date | Event | Price |
|---|---|---|
| 5/17/2025 | Sold | $985,000$346/sqft |
Source:  CLAW #25516561 | ||
| 5/4/2025 | Pending sale | $985,000$346/sqft |
Source: CLAW #25516561 | ||
| 3/26/2025 | Listed for sale | $985,000+164.1%$346/sqft |
Source: CLAW #25516561 | ||
| 8/1/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 7/7/2024 | Listed for rent | $3,295-15.5%$1/sqft |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,678 +1.4% | $446,201 +2% |
| 2024 | $5,598 +1.9% | $437,453 +2% |
| 2023 | $5,494 +4.8% | $428,877 +2% |
Find assessor info on the county website
Neighborhood: Southeast Los Angeles
Nearby schools
GreatSchools rating
- 3/10South Park Elementary SchoolGrades: K-6Distance: 0.3 mi
- 2/10Mary Mcleod Bethune Middle SchoolGrades: 7-8Distance: 1.2 mi
- 2/10Academy For Multiligual Arts And Science At Mervyn M. Dymally HighGrades: 9-12Distance: 0.3 mi
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Estimated market value
$960,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$960,300