Lupe Salazar
EXCELLENCE RE REAL ESTATE
(562) 268-4995
48 Total Sales
1 in Green Meadows
$555,000 Price
600 E 87th St Los Angeles, CA 90002
Green Meadows Neighborhood
--
Bed
5
Baths
1,872
Sq Ft
5,500
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
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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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 18, 2025
Closed on
Dec 31, 2025
Sold by
Bought by
Seller's Agent
Bill Mulkey
TR Wealth Management Inc.
List Price
$599,999
Sold Price
$595,000
Premium/Discount to List
-$4,999
-0.83%
Views
28
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,500
Outstanding Balance
$211,485
Interest Rate
6.23%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 11, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.02%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 25, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,750
Interest Rate
3.54%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 8, 2011
Sold by
Bought by
Purchase Details
Closed on
Aug 11, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.17%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 10, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.17%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 22, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,800
Interest Rate
5.88%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 29, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.27%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 13, 2003
Sold by
Bought by
Purchase Details
Closed on
Feb 6, 2002
Sold by
Bought by
Purchase Details
Closed on
Jul 6, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,365
Interest Rate
8.13%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 25, 1997
Sold by
Bought by
Purchase Details
Closed on
May 13, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Green Meadows, CA
-
Lupe Salazar
-
Monica Olmos
Monica Olmos
Century 21 Masters
(626) 986-7539
46 Total Sales
1 in Green Meadows
$480,000 Price
-
Sherie Howard
Sherie Howard
Sherie Howard & Associates, Inc
(424) 300-3941
16 Total Sales
1 in Green Meadows
$1,032,000 Price
-
Silvestre Medel
Silvestre Medel
Excellence RE Real Estate, Inc.
(858) 256-8987
57 Total Sales
2 in Green Meadows
$670,000 Price Range
-
Jeffrey Russell
Jeffrey Russell
Russell Realty Group
(626) 604-2792
115 Total Sales
1 in Green Meadows
$547,950 Price
-
Will Wheaton
Will Wheaton
Will Wheaton Real Estate
(424) 269-7040
24 Total Sales
1 in Green Meadows
$360,000 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $595,000 | Fidelity National Title | ||
| $400,000 | Title365 | ||
| $265,000 | Fidelity National Title Co | ||
| $383,356 | Stewart Title | ||
| -- | -- | ||
| -- | -- | ||
| $400,000 | -- | ||
| -- | -- | ||
| -- | Stewart Title | ||
| -- | -- | ||
| $221,347 | Chicago Title Co | ||
| -- | Chicago Title Co | ||
| $200,000 | -- | ||
| $80,000 | American Title Ins Co | ||
| $100,000 | North American Title |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $416,500 | ||
| Closed | $300,000 | ||
| Previous Owner | $50,000 | ||
| Previous Owner | $210,750 | ||
| Previous Owner | $262,500 | ||
| Previous Owner | $20,800 | ||
| Previous Owner | $205,000 | ||
| Previous Owner | $198,365 | ||
| Previous Owner | $115,000 | ||
| Previous Owner | $84,000 |
Source: Public Records
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 |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,014 | $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
Seller's Agent in 2026
Bill Mulkey
TR Wealth Management Inc.
(310) 919-7554
1 in this area
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25238693
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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