902 East 87th Place Los Angeles, CA $ 615,000
902 East 87th Place
$ 615,000
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902 East 87th Place

Los Angeles, CA, 90002
$ 615,000
Baths0.0 Sq 1,878

Monthly Estimate*

$ 4,296

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902 East 87th Place, Los Angeles, CA 90002 - Image 12
Studio

Multi-Family Home for sale in Los Angeles, CA

for $615,000. This 1,878 square foot home was built in 1949 on a lot size of 0.12.

Welcome to an amazing opportunity to own a triplex with tons of upside located in the heart of Los Angeles! Upon arrival, you will be greeted by a well-manicured front lawn that is surrounded by lush greenery. This property offers a tremendous amount of charm and original character. First time on the market in more than 50 years, this well-maintained triplex is perfect for an owner user looking to live in one unit while renting out the other two units, or a savvy investor. This multi-unit property consists of (One) 2-bedroom, 1-bathroom front house and (Two) 1-bedroom, 1-bathroom side-by-side, detached rear units. The one-bedroom units have identical floor plans that include spacious living rooms that flow seamlessly into the cozy kitchen and dining areas. Flooded with natural light from the large windows throughout, both units offer large bedrooms with generous closet space. You'll find spacious bathrooms in both units equipped with new tile in the shower. Other notable features include wall heaters (in both one-bedrooms), a washer and dryer in the front unit, fresh paint inside, new carpet in both one-bedroom units and new tile flooring in the kitchen and bathroom in the first one-bedroom unit behind the front house. The front house comes with its own two-car garage and each unit has separate utility meters. Enjoy a cozy backyard that can be accessed by all three units and is perfect for intimate year-round gatherings with friends and family. This property is located within close proximity to parks, schools, public transit and major freeways. With vision and a little creativity, you can turn this into the property of your dreams! Don't miss this fantastic opportunity to own a property that offers so much potential!

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Multi-Family Contingent

Price

$ 615,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Lot Size

0.12

Year Built

1949

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024374715

Features
General
Interior Features Ceiling Fan(s)
Heating Floor Furnace Wall Furnace
Roof Composition
Zoning LAR2
Architectural Style Traditional
Security Features Smoke Detector(s) Carbon Monoxide Detector(s)
Year Built 1949
Levels One
County Los Angeles
Net Operating Income 20258.0
Insurance Expense 2076.0
New Construction No
Property Type C
HOA / Comm Assn No
Contingency Active Under Contract
Status Active Under Contract
City Los Angeles
Buyer Agent Compensation 2.50
View Y/N No
Senior Community Y/N No
MLS Area Metropolitan South
Lot Size Square Feet 5298.0
Street Name 87th
Water Sewer Expense 1440.0
Structure Type None
Standard Status Active Under Contract
Taxes 1258.0
Buyer Agent Compensation Type %
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Interior
Flooring Carpet
Kitchen Appliances Refrigerator Microwave
Air Conditioning Y/N No
Heating Y/N Yes
Street Suffix Place
Laundry Features Washer Included Dryer Included In Garage
Total Baths 0
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Exterior
Parking Features Garage - Two Door Street Garage - Three Door
Water Source None
Lot Size Area 5298.0
Foundation Details None
Spa No
Pool Y/N? No
Building Area Total 1878.0
Lot Size Acres 0.12
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded Features
List By
Roderick Elzy

Listing Agent

Coldwell Banker Realty

Broker

Affordability Calculator

$4,296
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,296
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2024$615,000 Listed Price

Map


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902 East 87th Place, Los Angeles, CA, 90002 is a Multi-Family Home for sale at $615,000 with 1,878 sqft and a lot size of 0.12. 902 East 87th Place is a studio with 0.0 baths and was built in 1949. The property's zip code is 90002 which is in Los Angeles, CA