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$ 785,000
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Active
213 E 87th Place Los Angeles, CA 90003
8 Beds
2,723 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,723 sqft
Price per Sqft $288
MLS Listing ID CL25616381
Bedrooms 8
HOA Y/N No
Year Built 1927
Lot Size 6,271 Sqft
Acres 0.14
Property Sub-Type OTHER
Property Description
213 E 87th Pl, Los Angeles, CA 90003 is a well-located South LA triplex featuring three units, including one vacant unit, offering immediate cash flow and significant rent growth potential. Situated on a 6,269 SF LAR3-zoned lot, the property provides long-term redevelopment opportunities, including ADUs or higher-density expansion. Current rents are well below market, with pro forma projections showing an 11.39% cap rate and nearly 30% cash-on-cash return, while income can increase by over 45% as units stabilize. The property is minutes from Downtown LA, USC, Inglewood, and key employment centers, with nearby parks, shopping, dining, and easy access to the 110 and 105 Freeways, Figueroa Street, Broadway, and the Metro A (Blue) Line. Ideal for both investors and owner-occupiers, 213 E 87th Pl offers a compelling value-add opportunity in a rapidly evolving South LA submarket.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Total Parking Spaces 3
Building
New Construction No
Others
Tax ID 6041015034
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Listed by Taylor Avakian • Lyon Stahl Investment Real Estate, Inc.