$699,000
$200K PRICE DROP

600 E 87th St Los Angeles, CA 90002

Green Meadows Neighborhood

Estimated payment $4,391/month

Total Views 10,794
5 Beds
5 Baths
1,872 Sq Ft
$373 Price per Sq Ft

Highlights

  • Traditional Architecture
  • No HOA
  • Chain Link Fence
  • Corner Lot
  • Neighborhood Views
  • Wall Furnace

About This Home

*** PRICE IMPROVEMENT *** Unlock the potential of this prime 5-unit apartment complex, ideally positioned on a corner lot near Manchester Avenue and the 110 Freeway. With unbeatable access to downtown Los Angeles, LAX, and key transit corridors, this location is a magnet for renters seeking convenience and connectivity. All five units are currently occupied by long-term tenants, offering immediate and reliable cash flow. Recent upgrades include individual electrical sub-panels for each unit—boosting safety, efficiency, and compliance with modern standards. Tenants enjoy gated parking for added security and ease, while the surrounding neighborhood continues to benefit from ongoing revitalization efforts. Just minutes from popular dining spots, grocery stores, and retail centers, this property sits at the heart of a thriving rental market. Whether you're a seasoned investor or entering the multifamily space, this is a rare opportunity to acquire a stabilized asset in one of L.A.’s most dynamic growth zones. Don’t miss your chance to capitalize on location, income, and long-term upside.

Listing Agent

Janeth Boctor

Real Broker Brokerage Phone: 949-351-6959 License #02032881 Listed on: 04/07/2025

Real Broker

Co-Listing Agent

Sam Weaver

Fortune Weaver Realty Brokerage Phone: 949-351-6959 License #01821150

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1947

Lot Details

  • 5,502 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Corner Lot

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,872 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Gas Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Private Parking
  • Parking Lot

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 85
  • Tax Tract Number 1977
  • Assessor Parcel Number 6042004015
  • $1,466 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,170
  • Insurance Expense $7,287
  • Maintenance Expense $704
  • Professional Management Expense $3,295
  • Trash Expense $3,300
  • Water Sewer Expense $3,300
  • Operating Expense $20,056
  • Gross Income $600
  • Net Operating Income $21,538

Property Details

Home Type

Apartment

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: Yes
  • Improvements Amount: 7465
  • Price Per Unit: 139800
  • Professional Management Expense: 3295.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 3300.00
  • Zoning: LAC2
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2170.00
  • Parcel Number: 6042004015
  • Year Built: 1947
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Gate
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 373.40

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site, Parking Space, Private
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 3300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5502.00
  • Lot Size Acres: 0.1263

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 375 Square Feet
  • Gross Income: 600.00
  • Gross Scheduled Income: 41594.00
  • Insurance Expense: 7287.00
  • Lot Size Area: 5502.0000 Square Feet
  • Maintenance Expense: 704.00
  • Net Operating Income: 21538.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 20056.00
  • Other Income1: 600.00
  • Other Income Description: Storage Shed Rental
  • Rent Control: Yes
  • Total Actual Rent: 40560.00
  • Total Expenses: 20056.00

Tax Info

  • Tax Census Tract: 2400.10
  • Tax Lot: 85
  • Tax Tract Number: 1977
  • TaxOtherAnnualAssessmentAmount: 1466.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 Price Changed $699,000 -22.2% $373 / Sq Ft
04/07/2025 04/07/25 For Sale $899,000 -- $480 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25068898

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90002 Green Meadows

600 E 87th St, Los Angeles, CA

This home is located at 600 E 87th St, Los Angeles, CA 90002 and is currently priced at $699,000, approximately $373 per square foot. This property was built in 1947. 600 E 87th St is a home located in Los Angeles County with nearby schools including South Park Elementary School, Charles Drew Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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

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Janeth Boctor
Listing Agent
Janeth Boctor
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Real Broker
(949) 351-6959