213 E 87th Pl, Los Angeles, CA 90003
213 E 87th Pl, Los Angeles, CA 90003
213 E 87th Pl, Los Angeles, CA 90003
20
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$739,000
Est. payment /mo
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8 Beds
4 Baths
6,272 Sqft Lot
Active

213 E 87th Pl Los Angeles, CA 90003

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Jason Fogelman

Jason Fogelman

+1(858) 204-4262

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26071893

Bedrooms 8

Lot Size 6,272 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Welcome to 213 E 87th Pl. This triplex offers exceptional value and opportunity for investors, first-time home-buyers, and developers. Three spacious units across 2,723 sq ft of livable space: unit 213 is 2 bed 1 bath; unit 215 is 3 bed 1 bath; unit 217 is 3 bed 2 bath. Units 213 and 217 are rented to steady long-term tenants. Unit 215 is vacant and move-in ready. There is over 40% upside from renting all units at market rates. The 6,272 sq ft lot includes a large parking lot with ADU potential. The property is conveniently located off Manchester Blvd and the 110 Freeway, near schools, shopping, entertainment, and more. Zoned R3, which allows for residential development possibilities. This property is ideal for investors seeking an outstanding 7.4% CAP rate from day one with plenty of rental upside, first-time home-buyers to live in the vacant unit, or developers considering future repositioning.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction E 87th Pl between Wall St and San Pedro St

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 6041015034

Acceptable Financing Conventional

Listing Terms Conventional

MLS Router / San Diego MLS
Listed by Chris Barker, DRE#01973222 Yorkshire Realty 

NEARBY SCHOOL & BUSINESS

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Jason Fogelman

Jason Fogelman

Realtor / North County Regional Manager | CA DRE#01374456

+1(858) 204-4262

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