235 E 87th St Los Angeles, CA 90003
Broadway-Manchester NeighborhoodEstimated payment $7,301/month
About This Home
Excellent investment opportunity in the highly desirable Metropolitan South area of Los Angeles! This 6-unit apartment complex features six spacious 2-bedroom, 1-bathroom units, with three units located downstairs and three units upstairs, offering a well-balanced and functional layout. The property provides ample on-site outdoor parking for up to 12 vehicles, a rare and valuable amenity for the area. An exterior electric gate adds an extra layer of security and privacy for tenants. All units are currently tenant-occupied, offering immediate rental income for the next owner. Conveniently located near the 110 Freeway, the property offers easy access for commuters and is just minutes from a wide variety of retail stores, restaurants, and everyday conveniences. This centrally located asset presents strong long-term upside potential in one of Los Angeles’ steadily growing rental markets. A fantastic opportunity to own a well-positioned multi-unit property in the heart of Los Angeles.
Listing Agent
Real Brokerage Technologies Brokerage Phone: 7605599945 License #01358569 Listed on: 02/22/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 7,593 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 4,320 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 14
- Tax Tract Number 4664
- Assessor Parcel Number 6041016012
- $1,865 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 6 Separate Water Meters
- Insurance Expense $4,000
- Trash Expense $5,304
- Water Sewer Expense $6,000
- Operating Expense $15,304
- Gross Income $84,192
- Net Operating Income $68,888
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 05/05/2026 05/05/26 | Price Changed | $1,135,000 | -5.3% | $263 / Sq Ft |
| 04/19/2026 04/19/26 | Price Changed | $1,199,000 | -4.1% | $278 / Sq Ft |
| 03/20/2026 03/20/26 | Price Changed | $1,250,000 | -3.8% | $289 / Sq Ft |
| 02/22/2026 02/22/26 | For Sale | $1,299,950 | -- | $301 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: HD26039238
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.
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
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