923 E 85th Street
Los Angeles, CA, 90001
$477,888
MLS: PW26056497
Beds
2
Baths
1
Sq Ft
980
Lot
0.12 ac
Year Built
1927
MLS #
PW26056497
Days on Market
5
Listed
Mar 26, 2026
Description
A charming opportunity nestled in a well-established South Los Angeles neighborhood with exceptional upside and development potential. This inviting property offers a perfect blend of comfort, space, and versatility; ideal for first-time buyers and/or savvy investors. Inside offers a functional layout with solid bones, property needs minor TLC while offering great potential to bring creativity & charm to update and make it your own. The home features generously sized bedrooms, a comfortable living area, and a kitchen ready for your personal touch, making it a prime canvas for customization or value-adding improvements. The backyard offers ample space with convenient access, well-suited for a detached unit, guest house, or income-producing rental. Whether you're an investor seeking cash flow potential or a homeowner looking to offset your mortgage with rental income, this property delivers flexibility and opportunity. Outside, the real highlight is the generous lot size that provides ample room for outdoor entertaining, gardening, or even future expansion. Regardless if you envision weekend barbecues, a play area, or a blank canvas that opens the door to incredible possibilities for adding an ADU or expansion of the primary home. This located in the heart of LA allows one to enjoy easy-of access to major freeways including the 110 & 105, making commuting throughout Los Angeles a breeze. You're also just a short drive from So-Fi Stadium, Hollywood Park, and Downtown Los Angeles, placing entertainment, employment hubs, and future growth areas within easy reach.
Location
Los Angeles, Los Angeles County, CA 90001
Open on Google Maps ↗Listed by: David Tripp · Meridian R.E. and Investment
Payment estimate
$3,620
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $47,789 · Loan: $430,099
- Principal & Interest
- $2,643
- Property tax (1.25%)
- $498
- Homeowners insurance
- $300
- Mortgage insurance
- $179
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $16,726 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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