213 E 87th PL, Los Angeles, CA 90003 - MLS#25616381

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 785,000

Est. payment | -/mo

7 Beds

5 Baths

2,723 SqFt

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$ 785,000

Est. payment | -/mo

Save

7 Beds

5 Baths

2,723 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,723 sqft

Price per Sqft $288

MLS Listing ID 25616381

Bedrooms 7

HOA Y/N No

Year Built 1927

Lot Size 6,272 Sqft

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

Area C37 - Metropolitan South

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Total Parking Spaces 3

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 6041015034

Special Listing Condition Standard

Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc.

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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213 E 87th PL Los Angeles, CA 90003