REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 739,000
Est. payment | /mo
8 Beds
4 Baths
6,272 Sqft Lot
$ 739,000
Est. payment | /mo
8 Beds
4 Baths
6,272 Sqft Lot
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
Listed by Chris Barker, DRE#01973222 Yorkshire Realty
Schools and Properties Nearby
Learn More About LPT Realty