NOT LISTED FOR SALE

1615 E 87th Place Unit 2 Los Angeles, CA 90002

Estimated Value: $730,000 - $879,828

8 Beds
4 Baths
2,237 Sq Ft
$366/Sq Ft Est. Value

Sale Details

Date Sold: December 10, 2024

Last sale price $790,000 $353 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,322 / mo

62 Days on Market

Highlights

  • Park
  • 4-minute walk to Firestone Station
  • Front Yard
  • Ceiling Fan
  • Wall Furnace
  • 5-minute walk to Colonel Leon H. Washington Park

About This Home

As of December 2024

LOCATION, LOCATION, LOCATION!! This duplex offers an unparalleled combination of privacy, flexibility, and income potential. Whether you’re looking for a smart investment or a spacious family home, this property is a standout choice. Two houses in a lot featuring 8 bedrooms 4 bath, each unit is 4/2. Seller is working diligently with the tenants to DELIVER THE PROPERTY VACANT at the COE. Showings are by appointment ONLY, please do not disturb the tenants.

Last Agent to Sell the Property

Azeneth Gonzalez

Realty Executives Comm. & Res. Brokerage Phone: 323-855-1222 License #01759668 Listed on: 07/25/2024

Realty Executives Comm. & Res.

Last Buyer's Agent

PATRICIA OCHOA

COMMONWEALTH REALTY GROUP License #01149646

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 5,675 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,237 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance
  • Tax Lot 72
  • Tax Tract Number 535102
  • Assessor Parcel Number 6044002034

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $10,212
  • Gross Income $75,600
  • Net Operating Income $65,388

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

5,675 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6044002034
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Entry Level: 1
  • Price Per Square Foot: 353.15

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5675.00
  • Lot Size Acres: 0.1303
  • Latitude Manual: 33.95827100

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance

Multi Family

  • Gross Income: 75600.00
  • Gross Scheduled Income: 75600.00
  • Lot Size Area: 5675.0000 Square Feet
  • Net Operating Income: 65388.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 10212.00
  • Rent Control: No
  • Total Expenses: 10212.00

Tax Info

  • Tax Lot: 72
  • Tax Tract Number: 535102

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

Closed on
Oct 1, 2024
Sold by
Bought by
Current Estimated Value
$819,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,691
Interest Rate
6.54%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 24, 2019
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
$372,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2017
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
$310,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2007
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
$453,750
Interest Rate
6.31%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 29, 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
$300,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2003
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
$250,500
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 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
$239,000
Interest Rate
6.78%

Purchase Details

Closed on
Jul 24, 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
$77,500
Interest Rate
7.1%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 31, 2000
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 16, 1998
Sold by
Bought by

Purchase Details

Closed on
Jun 24, 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
$127,956
Interest Rate
7.7%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 23, 1996
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
$49,000
Interest Rate
4.25%

Purchase Details

Closed on
Mar 5, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

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
$790,000 Lawyers Title
-- First American Title Company
-- Usa National Title Company
-- Usa National Title Company
-- Investors Title Company
-- Southland Title Corporation
-- Old Republic Title Company
$239,000 Bridgespan Title
$75,000 Southland Title
-- Landsafe Title
$138,913 Landsafe Title
-- --
$129,000 Benefit Land Title Company
$70,000 Gateway Title Company
$49,985 American Title Ins 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
Previous Owner $775,691
Previous Owner $372,000
Previous Owner $310,000
Previous Owner $453,750
Previous Owner $300,000
Previous Owner $250,500
Previous Owner $239,000
Previous Owner $77,500
Previous Owner $127,956
Previous Owner $49,000
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
12/10/2024 12/10/24 Sold $790,000 0.0% $353 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
07/25/2024 07/25/24 For Sale $790,000 -- $353 / Sq Ft
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 $10,851 $790,000 $540,000 $250,000
2024 $6,678 $450,958 $232,312 $218,646
2023 $6,401 $442,116 $227,757 $214,359
2022 $6,119 $433,448 $223,292 $210,156
2021 $6,045 $424,950 $218,914 $206,036
2019 $5,867 $412,348 $212,422 $199,926
2018 $5,759 $404,263 $208,257 $196,006
2016 $5,510 $388,567 $200,171 $188,396
2015 $5,429 $382,732 $197,165 $185,567
2014 $5,432 $375,235 $193,303 $181,932
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS24149349

California Regional Multiple Listing Service (CRMLS)

APN: 6044-002-034

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