$459,000
SOLD APR 24, 2025

1242 E 87th Place Los Angeles, CA 90002

Florence-Graham Neighborhood
2 Beds
1 Bath
1,026 Sq Ft
5,140 Sq Ft Lot

Recently Sold

$447 Per Sq Ft

12% Above List Price

89 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Neighborhood Views
  • Floor Furnace

About This Home

As of April 2025

Investor's Dream OpportunityThis 2-bedroom, 1-bath home hasn’t been on the market in over 60 years and is bursting with potential! Ideal for an investor or handy homeowner ready to roll up their sleeves, this property offers the perfect canvas for creativity. Bring your tools and imagination to transform this hidden gem into a true masterpiece. R2 zoning. The possibilities are endless. Home is being sold “AS IS”. Don’t miss this rare chance to invest in a property full of potential. Court confirmation date 04/01/2025.

Last Agent to Sell the Property

Anaiza Tellez

ROA California Inc. Brokerage Phone: 323-570-8664 License #02180116 Listed on: 11/20/2024

Last Buyer's Agent

Jorge Serna

Realty Executives All Cities License #02107149

Realty Executives All Cities

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $966

Year Built

  • Built in 1927

Lot Details

  • 5,140 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned LCR2*

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,026 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Floor Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 142
  • Tax Tract Number 7421
  • Assessor Parcel Number 6043014008
  • $966 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$966

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: LCR2*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6043014008
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1026.00 Square Feet
  • Stories: 1
  • Entry Location: Steps
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 2
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 447.37
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5140.00
  • Lot Size Acres: 0.1180

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5140.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5351.02
  • Tax Lot: 142
  • Tax Tract Number: 7421
  • TaxOtherAnnualAssessmentAmount: 966.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2024
Closed on
Apr 18, 2025
Sold by
Homepportunity Investments Llc
Bought by
Homepportunity Investments Llc
Seller's Agent
Anaiza Tellez
ROA California Inc.
Buyer's Agent
Jorge Serna
Realty Executives All Cities
List Price
$408,000
Sold Price
$459,000
Premium/Discount to List
$51,000
12.5%
Views
386
Current Estimated Value
$589,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,772
Avg. Annual Appreciation
76.78%
Original Mortgage
$437,000
Outstanding Balance
$435,060
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$154,712
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $459,000 Western Resources Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $437,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2025 04/24/25 Sold $459,000 +12.5% $447 / Sq Ft
02/21/2025 02/21/25 For Sale $408,000 0.0% $398 / Sq Ft
02/18/2025 02/18/25 Pending -- -- --
12/31/2024 12/31/24 For Sale $408,000 0.0% $398 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
11/20/2024 11/20/24 For Sale $408,000 -11.1% $398 / Sq Ft
11/20/2024 11/20/24 Off Market $459,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $966 $26,163 $14,433 $11,730
2024 $966 $25,650 $14,150 $11,500
2023 $955 $25,148 $13,873 $11,275
2022 $932 $24,655 $13,601 $11,054
2021 $916 $24,173 $13,335 $10,838
2019 $896 $23,458 $12,941 $10,517
2018 $831 $22,999 $12,688 $10,311
2016 $786 $22,108 $12,197 $9,911
2015 $776 $21,777 $12,014 $9,763
2014 $779 $21,351 $11,779 $9,572
Source: Public Records

Agents Affiliated with this Home

  • Anaiza Tellez

    Seller's Agent in 2025

    Anaiza Tellez

    ROA California Inc.

    (323) 570-8664

    1 in this area

    12 Total Sales

    Anaiza Tellez
    Section Image
  • Jorge Serna

    Buyer's Agent in 2025

    Jorge Serna

    Realty Executives

    (562) 304-8649

    1 in this area

    18 Total Sales

    Jorge Serna
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24235211

California Regional Multiple Listing Service (CRMLS)

APN: 6043-014-008

California Los Angeles County Los Angeles 90002 Florence-Graham

1242 E 87th Place, Los Angeles, CA

This home is located at 1242 E 87th Place, Los Angeles, CA 90002 and is currently priced at $459,000, approximately $447 per square foot. This property was built in 1927. 1242 E 87th Place is a home located in Los Angeles County with nearby schools including Russell Elementary School, Charles Drew Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. 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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