612 1/2 E 87th Street, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath
ACTIVE$775,000
612 1/2 E 87th Street, Los Angeles, California 90002
0Bed
0Bath
1,705Sqft
5,402Lot
Year Built
1928
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$455
HOA
-
Days on market
-
Sold On
-
MLS number
OC25200579
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $775.0K(50th), sqft - 1705(50th), beds - undefined(50th), baths - undefined(50th).
Great Income Opportunity. Fenced in triplex with three units of 2-bedroom/1-bathroom each and actual rent of $4,937 monthly. Each unit has one assigned parking space.
Price History
Date
Event
Price
09/06/25
Listing
$775,000
Condition Rating
Fair
The property was built in 1928, making it 96 years old. While the exterior appears maintained with a relatively recent paint job, there are no interior images or details regarding the condition of kitchens, bathrooms, appliances, or systems. Given its age and the absence of any mentioned major renovations, it is highly probable that the interior components are significantly outdated and would require substantial updates to meet modern standards. The property is currently generating income, indicating it is functional and livable, but it likely shows considerable signs of age and deferred modernization. This aligns with the 'Fair' condition, suggesting it requires minor updates or repairs, and major components are functional but outdated.
Pros & Cons
Pros
Income Generating Asset: This triplex offers a clear income opportunity with three 2-bedroom/1-bathroom units, ideal for investors seeking immediate cash flow.
Established Rental Income: The property boasts an actual monthly rent of $4,937, providing a verifiable and immediate income stream for a prospective buyer.
Triplex Configuration: The multi-unit setup diversifies rental income and reduces vacancy risk compared to single-unit properties, enhancing investment stability.
Assigned Parking: Each unit benefits from one assigned parking space, a significant and highly desirable amenity in the Los Angeles rental market.
Fenced Property: The property is fenced, offering enhanced security, privacy, and potentially increased appeal to tenants.
Cons
Property Age & Condition: Built in 1928, the property is likely to require significant capital expenditures for system updates (plumbing, electrical) and general modernization.
Small Unit Footprint: With 1705 sqft divided among three 2-bedroom units, each unit is relatively small, potentially limiting tenant appeal or future rental rate increases.
Potential for Deferred Maintenance: Given its age, the property may have accumulated deferred maintenance, necessitating immediate investment for repairs and upgrades to ensure long-term viability.