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213 E 87th Pl

Los Angeles CA 90003

8
4
6272 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

8 bedrooms
4 bathrooms
6272 sq. ft. lot size
Multi-Family

Property history for 213 E 87th Pl

2016
Sold
$510,000
29 Dec 2016 by Jessica Nieto

Happy sellers in Los Angeles

95%
95% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Los Angeles over the last 12 months.

Local market activity for 8 bedroom multi families in Los Angeles

In the last 12 months, 5 eight-bedroom multi families similar to 213 E 87th Pl, have been sold.

This represents a 66% decrease in eight-bedroom multi families sales when compared to the previous 12 months.

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(619) 566-0008
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