632 E 87th Place Los Angeles, CA 90002
Green Meadows NeighborhoodEstimated payment $3,234/month
About This Lot
First Time on the Market in Over 50 Years! This rare opportunity offers tremendous potential for investors. Value in Land. Situated on a flat, R2-zoned lot of over 5,300 sq ft, this property allows for the development of 2 units plus an additional ADU (please verify with LADBS)—perfect for generating future income or expanding your living space. The existing home spans over 1,500 sq ft and features 3 spacious bedrooms and 2 bathrooms. extra-long paved driveway offering ample parking. Enjoy a fully fenced, oversized backyard—ideal for privacy. Centrally located with quick access to public transportation, the 110 and 105 freeways, Downtown LA, USC, USC Medical Center, the KIA Forum, SoFi Stadium, Intuit Dome, and LAX. Also close to Green Meadows Recreation Center, numerous K–12 schools, supermarkets, and the world-famous Roscoe’s Chicken & Waffles. With the 2028 LA Olympics on the horizon, now is the perfect time to invest in this promising property! "Walk Score" is 74. "Most errands can be accomplished on foot (walkscore.com)."
Listing Agent
Equity Union Brokerage Phone: 310-600-1829 License #01888998 Listed on: 10/29/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $842
Lot Details
- 5,321 Sq Ft Lot
- Private Yard
- Lawn
- Front Yard
- Value in Land
- Property is zoned R2-1
Location
- Urban Location
Utilities
- Underground Utilities
- Natural Gas Connected
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 137
- Tax Tract Number 1977
- Assessor Parcel Number 6042005022
- $486 per year additional tax assessments
- Seller Considering Concessions
Map
Home Values in the Area
Average Home Value in this Area
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 | $842 | $37,190 | $15,163 | $22,027 |
| 2024 | $842 | $36,462 | $14,866 | $21,596 |
| 2023 | $831 | $35,748 | $14,575 | $21,173 |
| 2022 | $804 | $35,048 | $14,290 | $20,758 |
| 2021 | $784 | $34,361 | $14,010 | $20,351 |
| 2019 | $764 | $33,345 | $13,596 | $19,749 |
| 2018 | $697 | $32,692 | $13,330 | $19,362 |
| 2016 | $644 | $31,424 | $12,813 | $18,611 |
| 2015 | $634 | $30,953 | $12,621 | $18,332 |
| 2014 | $639 | $30,347 | $12,374 | $17,973 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/29/2025 10/29/25 | For Sale | $599,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | None Listed On Document |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25248079
APN: 6042-005-022
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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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