NOT LISTED FOR SALE

150 E 87th Place Los Angeles, CA 90003

Broadway-Manchester Neighborhood

Estimated Value: $752,000 - $1,288,000

8 Beds
4 Baths
2,992 Sq Ft
$342/Sq Ft Est. Value

Last Sold July 19, 2017

Last sale price $660,000 $221 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,350/month

67 Days on Market

About This Home

As of July 2017

Great Income on this 4 unit. 3 section 8 tenants. The property is in good condition. Drive by only. do not disturb tenants. Interior viewing upon an accepted offer. Run your numbers on this one and you will be delighted.

Last Agent to Sell the Property

Ophir Adar

Rosano Partners License #01332387 Listed on: 03/10/2017

Last Buyer's Agent

Donna Ng

Donna L. Ng, Broker License #00681255

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,330

Year Built

  • Built in 1959

Lot Details

  • 5,200 Sq Ft Lot

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • On-Street Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 6041-003-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,330

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Great Income on this 4 unit. 3 section 8 tenants. The property is in good condition. Drive by only. do not disturb tenants. Interior viewing upon an accepted offer. Run your numbers on this one and you will be delighted.
  • Living Area: 2992
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 233.62

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Above Street Level
  • Total Parking: 4

Utilities

  • Electric Expense: 50.00

Fee Information

  • Trash Expense: 500.00

Lot Info

  • Assessed Improvement Value: 124827
  • Assessed Land Value: 130028
  • Assessor Parcel Number: 6041-003-003
  • Geocode Override: No
  • Lot Size Area: 5200

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.20
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 7500
  • Type Of Units: residential
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2022
Sold by
Mendez Gerardo
Bought by
Mendez Trust
Current Estimated Value
$1,022,542

Purchase Details

Listed on
Mar 10, 2017
Closed on
Jul 14, 2017
Sold by
109 East 95Th Avenue Investors Llc
Bought by
Mendez Gerardo
Seller's Agent
Ophir Adar
Rosano Partners
Buyer's Agent
Donna Ng
Donna L. Ng, Broker
List Price
$699,000
Sold Price
$660,000
Premium/Discount to List
-$39,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.42%
Original Mortgage
$638,226
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 10, 2017
Closed on
Jul 12, 2017
Sold by
Gilbert Renee
Bought by
Gilbert Allen
Seller's Agent
Ophir Adar
Rosano Partners
Buyer's Agent
Donna Ng
Donna L. Ng, Broker
List Price
$699,000
Sold Price
$660,000
Premium/Discount to List
-$39,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$638,226
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 2012
Sold by
Gilbert Allen
Bought by
109 East 95Th Avenue Investors Llc

Purchase Details

Closed on
Jul 16, 2012
Sold by
Gant Michael W and Gant Trina Y
Bought by
Gilbert Allen

Purchase Details

Closed on
Jan 25, 2006
Sold by
Bassa Babu V and Bassa Sailaja
Bought by
Gant Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,400
Interest Rate
6.04%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 22, 2004
Sold by
Gray Willie S
Bought by
Bassa Babu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
4.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 1996
Sold by
Jones Leon and Jones Rosie Anna
Bought by
Gray Willie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
7.25%
Mortgage Type
Assumption
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 Buyer Sale Price Title Company
Mendez Trust -- --
Mendez Gerardo $660,000 Fidelity National Title
Gilbert Allen -- Chicago Title Company
109 East 95Th Avenue Investors Llc -- None Available
Gilbert Allen $326,900 None Available
Gant Michael W $646,000 United Title Company-La
Bassa Babu $420,000 Southland Title
Gray Willie S $175,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mendez Gerardo $638,226
Previous Owner Gant Michael W $452,400
Previous Owner Bassa Babu $336,000
Previous Owner Gray Willie S $178,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2017 07/19/17 Sold $660,000 -5.6% $221 / Sq Ft
05/16/2017 05/16/17 For Sale $699,000 +5.9% $234 / Sq Ft
05/10/2017 05/10/17 Off Market $660,000 -- --
03/10/2017 03/10/17 For Sale $699,000 -- $234 / Sq Ft
Source: The MLS

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 $9,330 $750,961 $273,076 $477,885
2024 $9,330 $736,237 $267,722 $468,515
2023 $9,071 $721,802 $262,473 $459,329
2022 $8,657 $707,650 $257,327 $450,323
2021 $8,539 $693,776 $252,282 $441,494
2019 $8,286 $673,200 $244,800 $428,400
2018 $8,177 $660,000 $240,000 $420,000
2016 $3,356 $254,855 $130,028 $124,827
2015 $3,311 $251,027 $128,075 $122,952
2014 $3,347 $246,111 $125,567 $120,544
Source: Public Records

Agents Affiliated with this Home

  • Ophir Adar

    Seller's Agent in 2017

    Ophir Adar

    Rosano Partners

    (323) 687-2083

    Ophir Adar
    Section Image

  • D

    Buyer's Agent in 2017

    Donna Ng

    Donna L. Ng, Broker

  • M

    Buyer's Agent in 2017

    Marisela Ruiz

See All Agents

Map

Source: The MLS

MLS Number: 17-210238

The MLS

APN: 6041-003-003

California Los Angeles County Los Angeles 90003 Broadway-Manchester

150 E 87th Place, Los Angeles, CA

This home is located at 150 E 87th Place, Los Angeles, CA 90003 since 10 March 2017 and is currently estimated at $1,022,542, approximately $341 per square foot. This property was built in 1959. 150 E 87th Place is a home located in Los Angeles County with nearby schools including Dr. Owen Lloyd Knox Elementary School, Mary McLeod Bethune Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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