604 E 85th

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!