213 E 87th Pl, Los Angeles, CA 90003 is a well-located South LA triplex featuring three units, including one vacant unit, offering immediate cash flow and significant rent growth potential. Situated on a 6,269 SF LAR3-zoned lot, the property provides long-term redevelopment opportunities, including ADUs or higher-density expansion. Current rents… Read More are well below market, with pro forma projections showing an 11.39% cap rate and nearly 30% cash-on-cash return, while income can increase by over 45% as units stabilize. The property is minutes from Downtown LA, USC, Inglewood, and key employment centers, with nearby parks, shopping, dining, and easy access to the 110 and 105 Freeways, Figueroa Street, Broadway, and the Metro A (Blue) Line. Ideal for both investors and owner-occupiers, 213 E 87th Pl offers a compelling value-add opportunity in a rapidly evolving South LA submarket. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian 310-425-9838
Listing Snapshot
Days Online
31
Last Updated
Beds
7
Square Ft.
2,723
Lot Size
0.14 Acres
Year Built
1927
MLS Number
25616381
Additional Details
Building
Built in 1927, Living area: 2723.0, 2 buildings, Levels: MultiSplit
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $82,176, Net Operating Income: $55,187.7
Lot
0.144 acres, Dimensions: 40x156
Parking
3 total parking spaces
Taxes
Parcel Number: 6041015034, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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