600 E 87th, Los Angeles, CA 90002

Local realty services provided by:ERA Excel Realty
600 E 87th,Los Angeles, CA 90002
$599,999
  • - Beds
  • - Baths
  • 1,872 sq. ft.
  • Multi-family
  • Active
Listed by:william mulkey
Office:tr wealth management inc.
MLS#:SB25238693
Source:CRMLS

Price summary

  • Price:$599,999
  • Price per sq. ft.:$320.51

About this home

600 E 87th Street, Los Angeles — REDUCED TO $599,000. Five units with parking with huge upside at 4% cap rate and rents are way below marekt. Discover a reliable cash-flow opportunity at this five-unit multifamily on a corner lot near Manchester Ave & the 110. All five units are occupied by long-term tenants, delivering immediate, stable income, while practical floor plans and a solid operating history support low vacancy and quick leasing. Clear pathways to increase value include rent optimization and light operational improvements. Recent upgrades feature individual electrical sub-panels for each unit—enhancing safety, efficiency, and compliance. Residents benefit from gated parking and a central LA location with unbeatable access to Downtown, LAX, major employment centers, retail, dining, and transit, fueling strong renter demand and long-term rent growth. Set within a neighborhood seeing active revitalization, this is a rare chance to acquire a stabilized asset with in-place

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Home facts

  • Year built:1947
  • Listing ID #:SB25238693
  • Added:1 day(s) ago
  • Updated:October 19, 2025 at 03:24 AM

Rooms and interior

  • Living area:1,872 sq. ft.

Structure and exterior

  • Year built:1947
  • Building area:1,872 sq. ft.
  • Lot area:0.13 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$599,999
  • Price per sq. ft.:$320.51
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