600 E 87th St Los Angeles, CA 90002
Green Meadows NeighborhoodEstimated payment $5,922/month
Total Views
9,193
5
Beds
5
Baths
1,872
Sq Ft
$480
Price per Sq Ft
Highlights
- Traditional Architecture
- No HOA
- Chain Link Fence
- Corner Lot
- Neighborhood Views
- Wall Furnace
About This Home
Discover this prime investment opportunity—a 5-unit apartment complex situated on a corner lot near Manchester Avenue and the 110 Freeway. This property offers convenient access to major transportation routes, making it an ideal location for tenants seeking connectivity to downtown Los Angeles, LAX, and surrounding neighborhoods. All five units are currently tenant-occupied with long-term residents, providing stable rental income from day one. Recent upgrades include electrical sub-panels for each unit, enhancing both safety and efficiency to meet today’s electrical needs. Additional amenities include gated parking for tenant convenience and peace of mind. Set within a vibrant community undergoing continuous revitalization, this property is just minutes from local dining hotspots, grocery stores, and retail centers—making it a highly desirable location for renters. Whether you're looking to expand your portfolio or secure a steady income stream in one of L.A.’s most dynamic areas, this opportunity is not to be missed.
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
- 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
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/07/2025 04/07/25 | For Sale | $899,000 | -- | $480 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25068898
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