NOT LISTED FOR SALE

1525 E 87th Place Los Angeles, CA 90002

Estimated Value: $639,000 - $824,000

5 Beds
3 Baths
1,541 Sq Ft
$458/Sq Ft Est. Value

Sale Details

Date Sold: May 10, 2024

Last sale price $655,000 $425 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,640 / mo

34 Days on Market

Highlights

  • Landscaped
  • Back and Front Yard
  • 1-Story Property
  • Rectangular Lot

About This Home

As of May 2024

Introducing 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!)

Last Agent to Sell the Property

Alberto Sanchez

Century 21 Allstars License #02028262 Listed on: 02/27/2024

Century 21 Allstars

Last Buyer's Agent

ERIK RUIZ

CENTURY 21 REALTY MASTERS License #01916546

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

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
  • Entry on the 1st floor

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

5,666 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Zoning: LCR2*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6044002043
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 425.05

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Rectangular Lot
  • Lot Size Sq Ft: 5666.00
  • Lot Size Acres: 0.1301

Multi Family

  • Gross Income: 51876.00
  • Gross Scheduled Income: 51876.00
  • Lot Size Area: 5666.0000 Square Feet
  • Net Operating Income: 51876.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 5351.02
  • Tax Lot: 80
  • Tax Tract Number: 535...

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2024
Closed on
May 9, 2024
Sold by
Bought by
Seller's Agent
Alberto Sanchez
Century 21 Allstars
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%
Views
38
Current Estimated Value
$705,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,497
Avg. Annual Appreciation
3.69%
Original Mortgage
$417,000
Outstanding Balance
$411,086
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$294,411

Purchase Details

Closed on
Dec 17, 2015
Sold by
Bought by

Purchase Details

Closed on
Jan 17, 2012
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Nov 30, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2004
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Jan 22, 1998
Sold by
Bought by

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
Bought by

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
Bought by

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%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$655,000 Wfg National Title
-- Accommodation
-- First American Title Company
$210,000 Lawyers Title
-- None Available
$510,000 Landsafe Title Of California
$350,000 Fidelity Long Beach
$249,000 Commerce Title
-- --
$155,500 Benefit Land Title
$158,303 --
-- --
$150,000 Chicago Title Co
$76,000 Chicago Title Co
$48,500 Chicago Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $417,000
Previous Owner $153,750
Previous Owner $157,500
Previous Owner $400,000
Previous Owner $280,000
Previous Owner $245,122
Previous Owner $135,000
Previous Owner $147,597
Previous Owner $99,000
Closed $35,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,771 $668,100 $408,000 $260,100
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 Allstars

    (562) 806-1000

    4 in this area

    87 Total Sales

    Alberto Sanchez
    Section Image
  • ERIK RUIZ

    Buyer's Agent in 2024

    ERIK RUIZ

    CENTURY 21 REALTY MASTERS

    (323) 722-7300

    2 in this area

    50 Total Sales

    ERIK RUIZ
    Section Image
  • Humberto Lopez

    Seller's Agent in 2021

    Humberto Lopez

    Century 21 A Better Service

    (323) 447-8363

    2 in this area

    21 Total Sales

    Humberto Lopez
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24039753

California Regional Multiple Listing Service (CRMLS)

APN: 6044-002-043

California Los Angeles County Los Angeles 90002

1525 E 87th Place, Los Angeles, CA

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.