1024 W 87th, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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1024 W 87th
Los Angeles, California 90044
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,089Sq Ft
6,088Lot Size
Property Price
LIST PRICE$929,000
EST. MARKET VALUE
$1,003,750
7% BelowMARKET VALUE
SUMMARY
This Residential Income Duplex is a Strong Value Opportunity, listed at $929,000—positioned well below the $1,003,751 Fair Market Value by 7%. This valuation gap offers $74,751 in Instant Equity. Featuring a 2013-built rear unit and a Good Condition Rating, the property provides significant rental yield potential through its 9-bedroom, 5-bathroom configuration. With ample parking and alley access, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a high-performing, multi-generational property in a central Los Angeles location.
Estimated Market Value
$1,003,750+$74,750 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1024 W 87th Subject 0 bd · 0 ba · 3,089 sqft · $325 | $929,000* List Price | 0 | 0 | 3,089 | $325 | - |
A 1326 W 98th Sold 0 bd · 0 ba · 2,350 sqft · $366 · 0.9 mi | $860,000 | 0 | 0 | 2,350 | $366 | 0.9 mi |
B 1120 W 85th Active 0 bd · 0 ba · 2,847 sqft · $341 · 0.2 mi | $969,900 List Price | 0 | 0 | 2,847 | $341 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is a duplex where the rear unit was built in 2013 (11 years old), meeting the 'Good' criteria for age and maintenance. The front unit, although built in 1922, features updated laminate and tile flooring, suggesting it has been maintained and is move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
With a total of 9 bedrooms and 5 bathrooms across two units, including a massive 2,000 sqft rear unit, this property offers exceptional rental yield potential and versatility for investors or multi-generational families.
- Modern Secondary Unit
The rear unit was constructed in 2013 and features contemporary upgrades such as new flooring and a spacious 5-bedroom layout, significantly reducing immediate capital expenditure needs for that portion of the property.
- Ample Parking and Accessibility
The property provides superior parking options including a garage, a long driveway, and two carport spaces with alley access, which is a highly desirable and rare feature for high-occupancy residential income properties in Los Angeles.
CONSRISKS & DEFICIENCIES
- Significant Structure Age Gap
The front unit dates back to 1922, which may necessitate more frequent maintenance and potential upgrades to aging systems compared to the much newer 2013 rear construction.
- Limited Outdoor Living Space
With over 3,000 sqft of living space situated on a 6,088 sqft lot, the high building-to-land ratio leaves minimal yard or private outdoor space for tenants.
About 1024 W 87th
Two great units minutes away from the 110 and 105 freeways. Centrally located, you'll find everything nearby! Front home features: Four bedrooms, two baths. Laminate floors at bedrooms and bathrooms, tile at kitchen. Plenty of driveway parking and garage! Rear unit was built in 2013 with 2000sqft, has 5 bedrooms, 3 baths with all new flooring. On the first floor you'll find a large living room, kitchen and dining room combo, a kitchen pantry, one bedroom and one bathroom. Upstairs features four bedrooms, two baths. This unit has two carport spaces with storage and also has access to alley. Both units have their own laundry closets.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1922
- Lot Size
- 6,088 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 3,089 | 2,090.331 |
| Lot Size | 6,088 | 5,852.908 |
| Price | $929.0K | $830.9K |
| Price per sq ft | $301 | $394 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 6 | 87 |
Pricing History
Listed for Sale
Nov 3, 2026
$929,000
Initial Listing
Sold
Oct 15, 2020
$775,000
Public Record
Sold
Jan 4, 2012
$162,000
Public Record
Sold
Sep 28, 2005
$435,000
Public Record
Sold
May 20, 2005
$290,000
Public Record