1525 E 87th Place Los Angeles, CA 90002
Estimated Value: $635,492 - $675,000
5
Beds
3
Baths
1,541
Sq Ft
$428/Sq Ft
Est. Value
Highlights
- Landscaped
- Back and Front Yard
- 1-Story Property
- Rectangular Lot
About This Home
As of May 2024Introducing a prime investment opportunity in Los Angeles, this meticulously maintained residential income property features three units offering desirable layouts and amenities. The front unit comprises a spacious 2-bed, 1-bath layout, while the two rear units offer cozy 1-bed, 1-bath and 2-bed 1-bath accommodations. Ample parking, a long driveway, and a large lot enhance convenience and potential. With a strong rental history and promising returns, this property presents an excellent opportunity for investors seeking a hassle-free income stream in a sought-after location. Don't miss out on this lucrative investment prospect! (This Property is part of Los Angeles County, not city!)
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,883
Year Built
- Built in 1951
Lot Details
- 5,666 Sq Ft Lot
- No Common Walls
- Landscaped
- Rectangular Lot
- Back and Front Yard
Home Design
- Triplex
Interior Spaces
- 5 Bedrooms
- 1,541 Sq Ft Home
- 1-Story Property
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 80
- Tax Tract Number 535
- Assessor Parcel Number 6044002043
Community Details
Overview
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $51,876
- Net Operating Income $51,876
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 27, 2024
Closed on
May 9, 2024
Sold by
David Mar & Regina Chin Wong-Mar Family and Mar David
Bought by
Rodriguez Jose Luis and Rodriguez Guillermina
Seller's Agent
Alberto Sanchez
Century 21 A Better Service
Buyer's Agent
ERIK RUIZ
CENTURY 21 REALTY MASTERS
List Price
$649,000
Sold Price
$655,000
Premium/Discount to List
$6,000
0.92%
Total Days on Market
34
Views
38
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,873
Avg. Annual Appreciation
0.56%
Original Mortgage
$417,000
Outstanding Balance
$412,992
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$245,881
Purchase Details
Closed on
Dec 17, 2015
Sold by
Mar David and Mar Regina
Bought by
David Mar & Regina Chin Wong Mar Family
Purchase Details
Closed on
Jan 17, 2012
Sold by
Mar David and Mar Regina
Bought by
Mar David and Mar Regina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 1, 2010
Sold by
Omega Investment Group Inc
Bought by
Mar David and Mar Regina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
5.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 27, 2009
Sold by
Moya Jorge L
Bought by
Omega Investment Group Inc
Purchase Details
Closed on
Nov 30, 2005
Sold by
Cortes Jose O and Cortes Maria S
Bought by
Moya Jorge L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.28%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Jul 21, 2004
Sold by
Guillen Armando and Guillen Francisco
Bought by
Cortes Jose O and Cortes Maria S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 12, 2002
Sold by
Duenas Miguel and Leapfrog Investment Corp
Bought by
Guillen Armando and Guillen Francisco
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,122
Interest Rate
6.78%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 4, 2002
Sold by
Villalvazo Jaime
Bought by
Duenas Miguel A and Leapfrog Investment Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,122
Interest Rate
6.78%
Mortgage Type
FHA
Purchase Details
Closed on
May 22, 2001
Sold by
Hud
Bought by
Villalvazo Jaime
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.15%
Purchase Details
Closed on
Feb 16, 2000
Sold by
Heredia Jesus and Heredia Rodrigo
Bought by
White Mountains Services Corp and Source One Mtg Services Corp
Purchase Details
Closed on
Jan 22, 1998
Sold by
Stoakes Wycedra
Bought by
Heredia Jesus and Heredia Rodrigo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,597
Interest Rate
7.02%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 20, 1997
Sold by
Ocwen Federal Bank Fsb
Bought by
Stokes Wycedra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.91%
Purchase Details
Closed on
Jun 3, 1997
Sold by
Alvarado Guillermo
Bought by
Ocwen Federal Bank Fsb
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.91%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Los Angeles, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rodriguez Jose Luis | $655,000 | Wfg National Title | |
| David Mar & Regina Chin Wong Mar Family | -- | Accommodation | |
| Mar David | -- | First American Title Company | |
| Mar David | $210,000 | Lawyers Title | |
| Omega Investment Group Inc | -- | None Available | |
| Moya Jorge L | $510,000 | Landsafe Title Of California | |
| Cortes Jose O | $350,000 | Fidelity Long Beach | |
| Guillen Armando | $249,000 | Commerce Title | |
| Duenas Miguel A | -- | -- | |
| Villalvazo Jaime | $155,500 | Benefit Land Title | |
| White Mountains Services Corp | $158,303 | -- | |
| Hud | -- | -- | |
| Heredia Jesus | $150,000 | Chicago Title Co | |
| Stokes Wycedra | $76,000 | Chicago Title Co | |
| Ocwen Federal Bank Fsb | $48,500 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rodriguez Jose Luis | $417,000 | |
| Previous Owner | Mar David | $153,750 | |
| Previous Owner | Mar David | $157,500 | |
| Previous Owner | Moya Jorge L | $100,000 | |
| Previous Owner | Moya Jorge L | $400,000 | |
| Previous Owner | Cortes Jose O | $280,000 | |
| Previous Owner | Guillen Armando | $256,579 | |
| Previous Owner | Guillen Armando | $245,122 | |
| Previous Owner | Villalvazo Jaime | $135,000 | |
| Previous Owner | Heredia Jesus | $147,597 | |
| Previous Owner | Stokes Wycedra | $99,000 | |
| Closed | Cortes Jose O | $35,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/10/2024 05/10/24 | Sold | $655,000 | +0.9% | $425 / Sq Ft |
| 04/01/2024 04/01/24 | Pending | -- | -- | -- |
| 02/27/2024 02/27/24 | For Sale | $649,000 | 0.0% | $421 / Sq Ft |
| 08/16/2021 08/16/21 | Rented | $1,650 | 0.0% | -- |
| 07/23/2021 07/23/21 | Off Market | $1,650 | -- | -- |
| 07/15/2021 07/15/21 | For Rent | $1,650 | 0.0% | -- |
| 07/09/2021 07/09/21 | Off Market | $1,650 | -- | -- |
| 06/18/2021 06/18/21 | For Rent | $1,650 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $4,883 | $265,746 | $148,691 | $117,055 |
| 2023 | $4,559 | $260,536 | $145,776 | $114,760 |
| 2022 | $4,386 | $255,428 | $142,918 | $112,510 |
| 2021 | $4,337 | $250,420 | $140,116 | $110,304 |
| 2019 | $4,225 | $242,994 | $135,961 | $107,033 |
| 2018 | $4,131 | $238,231 | $133,296 | $104,935 |
| 2016 | $3,967 | $228,982 | $128,121 | $100,861 |
| 2015 | $3,913 | $225,543 | $126,197 | $99,346 |
| 2014 | $3,922 | $221,125 | $123,725 | $97,400 |
Source: Public Records
Agents Affiliated with this Home
-
Alberto Sanchez
Seller's Agent in 2024
Alberto Sanchez
Century 21 A Better Service
(562) 806-1000
4 in this area
77 Total Sales
-
ERIK RUIZ
Buyer's Agent in 2024
ERIK RUIZ
CENTURY 21 REALTY MASTERS
(323) 722-7300
2 in this area
49 Total Sales
-
Humberto Lopez
Seller's Agent in 2021
Humberto Lopez
Century 21 A Better Service
(323) 447-8363
2 in this area
24 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW24039753
APN: 6044-002-043
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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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