1616 E 87th St Los Angeles, CA 90002
Estimated payment $5,306/month
Highlights
- 1-Story Property
- 3-minute walk to Firestone Station
- 5-minute walk to Colonel Leon H. Washington Park
About This Home
!!!!!!ATTENTION!!!!!! ATTENTION!!!!!! Two houses on a lot, with approved Blue Prints to be renovated and converted into 3 Units. Currently consist of a 3 Bedroom 2 Bath front house and a 2 Bedroom 1 Bath rear house.
Front house was approved by the city to be converted into 2 units, consisting of a 3 bedrooms 1 bath front unit, 1 bedroom 1 bath ADU, (Additional dwelling unit) with the third unit staying as a 2 bedrooms 1 bath. Most of the renovation work has been finished, and a good number of the conversion requirements are done, however, the general contractor die before finalizing the job.
Owner acquired bids from other contractors to finish the job. However, due to unforeseen issues out of the owner’s control, they are no longer in a position to continue with the work and finalize the project.
It will be up to the new owners to keep it as two units or finish the project to have one more rent.
Listing Agent
New Century Homes Brokerage Phone: 626-255-4176 License #01154324 Listed on: 02/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,323
Year Built
- Built in 1910
Lot Details
- 5,662 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,732 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Additional Features
- Urban Location
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 58
- Tax Tract Number 535
- Assessor Parcel Number 6044002019
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,700
- Trash Expense $900
- Water Sewer Expense $1,200
- Operating Expense $3,800
- Net Operating Income $6,900
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,323 | $691,866 | $483,786 | $208,080 |
| 2024 | $9,323 | $678,300 | $474,300 | $204,000 |
| 2023 | $1,319 | $24,204 | $11,275 | $12,929 |
| 2022 | $1,294 | $23,730 | $11,054 | $12,676 |
| 2021 | $1,271 | $23,266 | $10,838 | $12,428 |
| 2020 | $1,267 | $23,028 | $10,727 | $12,301 |
| 2019 | $1,250 | $22,577 | $10,517 | $12,060 |
| 2018 | $1,178 | $22,135 | $10,311 | $11,824 |
| 2016 | $1,120 | $21,277 | $9,911 | $11,366 |
| 2015 | $1,109 | $20,959 | $9,763 | $11,196 |
| 2014 | $1,117 | $20,549 | $9,572 | $10,977 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | Off Market | $2,700 | -- | -- |
| 07/08/2025 07/08/25 | For Rent | $2,700 | 0.0% | -- |
| 02/03/2025 02/03/25 | For Sale | $850,000 | +27.8% | $491 / Sq Ft |
| 04/17/2023 04/17/23 | Sold | $665,000 | +2.3% | $384 / Sq Ft |
| 02/21/2023 02/21/23 | Pending | -- | -- | -- |
| 02/11/2023 02/11/23 | For Sale | $649,880 | 0.0% | $375 / Sq Ft |
| 01/26/2023 01/26/23 | Pending | -- | -- | -- |
| 12/22/2022 12/22/22 | Price Changed | $649,880 | 0.0% | $375 / Sq Ft |
| 12/22/2022 12/22/22 | For Sale | $649,880 | +3.2% | $375 / Sq Ft |
| 08/02/2022 08/02/22 | Pending | -- | -- | -- |
| 06/04/2022 06/04/22 | For Sale | $629,880 | -- | $364 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $665,000 | Orange Coast Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Gateway Title Company Orange |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $37,000 | New Conventional | |
| Previous Owner | $652,955 | FHA | |
| Previous Owner | $280,000 | Negative Amortization | |
| Previous Owner | $195,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $78,000 | Unknown |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR25025225
APN: 6044-002-019
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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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