213 E 87th Place, Los Angeles, CA 90003

Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
213 E 87th Place,Los Angeles, CA 90003
$775,000
  • 8 Beds
  • - Baths
  • 2,723 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.
MLS#:CL25616381
Source:CA_BRIDGEMLS

Price summary

  • Price:$775,000
  • Price per sq. ft.:$284.61

About this home

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 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.

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Home facts

  • Year built:1927
  • Listing ID #:CL25616381
  • Added:91 day(s) ago
  • Updated:February 10, 2026 at 04:06 PM

Rooms and interior

  • Bedrooms:8
  • Living area:2,723 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1927
  • Building area:2,723 sq. ft.
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$775,000
  • Price per sq. ft.:$284.61

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