Homes for sale - 600 E 87th, Los Angeles, CA 90002

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$599,999

Est. payment - /mo

5,501 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25238693

HOA Y/N No

Year Built 1947

Lot Size 5,501 Sqft

Property Sub-Type Apartment

Property Description

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 income today and value-add potential tomorrow.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Fireplace No

Laundry None

Exterior

Parking Features On Site, Paved

Pool None

Community Features Curbs, Urban

Total Parking Spaces 5

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Street Level

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6042004015

Energy Description 1174.0

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan

Special Listing Condition Standard

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Listed by William Mulkey TR Wealth Management Inc. 310-919-7554

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