Seller's Agent in 2026
Bill Mulkey
TR Wealth Management Inc.
(310) 919-7554
1 in this area
15 Total Sales
600 E 87th St Los Angeles, CA 90002
Green Meadows Neighborhood
--
Bed
5
Baths
1,872
Sq Ft
5,502
Sq Ft Lot
Highlights
- No HOA
- Level Lot
- 1-Story Property
About This Home
As of January 2026600 E 87th Street, Los Angeles — REDUCED TO $599,000. Five units with parking with huge upside at 4 cap rate and rents are way below market. Discover a reliable cash-flow opportunity at this five-unit multifamily on a corner lot near Manchester Ave & the 110. All five units are occupied by long-term tenants, delivering immediate, stable income, while practical floor plans and a solid operating history support low vacancy and quick leasing. Clear pathways to increase value include rent optimization and light operational improvements. Recent upgrades feature individual electrical sub-panels for each unit—enhancing safety, efficiency, and compliance. Residents benefit from gated parking and a central LA location with unbeatable access to Downtown, LAX, major employment centers, retail, dining, and transit, fueling strong renter demand and long-term rent growth. Set within a neighborhood seeing active revitalization, this is a rare chance to acquire a stabilized asset with in-place income today and value-add potential tomorrow.
Last Agent to Sell the Property
TR Wealth Management Inc. Brokerage Phone: 310-919-7554 License #00986020 Listed on: 10/18/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 5,500 Sq Ft Lot
- Two or More Common Walls
- Level Lot
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 1,872 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- Unit 1 Bedrooms: 0
- Unit 2 Bedrooms: 0
- Unit 3 Bedrooms: 0
- Unit 4 Bedrooms: 0
- Unit 5 Bedrooms: 0
- 5 Bathrooms
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Parking Available
- Paved Parking
Location
- Urban Location
Listing and Financial Details
- Tax Lot 85
- Tax Tract Number 1977
- Assessor Parcel Number 6042004015
- $1,466 per year additional tax assessments
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
- Fuel Expense $1,174
- Insurance Expense $2,808
- Maintenance Expense $860
- Trash Expense $500
- Water Sewer Expense $5,063
- New Taxes Expense $7,800
- Operating Expense $18,204
- Gross Income $3,580
- Net Operating Income $18,179
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/09/2026 01/09/26 | Sold | $595,000 | -0.8% | $318 / Sq Ft |
| 10/18/2025 10/18/25 | For Sale | $599,999 | -- | $321 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $6,935 | $464,228 | $232,114 | $232,114 |
| 2024 | $6,935 | $455,126 | $227,563 | $227,563 |
| 2023 | $6,818 | $446,202 | $223,101 | $223,101 |
| 2022 | $6,549 | $437,454 | $218,727 | $218,727 |
| 2021 | $6,468 | $428,878 | $214,439 | $214,439 |
| 2019 | $5,952 | $416,160 | $208,080 | $208,080 |
| 2018 | $5,845 | $408,000 | $204,000 | $204,000 |
| 2016 | $4,189 | $275,659 | $187,241 | $88,418 |
| 2015 | $4,125 | $271,519 | $184,429 | $87,090 |
| 2014 | $4,155 | $266,202 | $180,817 | $85,385 |
Source: Public Records
Agents Affiliated with this Home
-
Bill Mulkey
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25238693
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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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