1242 E 87th Place, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 2 bath
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Los Angeles, California 90002
This Renovated Single-Family Residence is listed at $699,000, offering a stable acquisition price aligned with its $696,284 Fair Market Value. Boasting an Excellent Condition Rating, the home features a modern open floor plan, quartz countertops, and stainless steel appliances. A standout feature is the unpermitted rear space, providing significant ADU conversion potential for future value-add or rental income. Situated near SoFi Stadium and USC within the Los Angeles Unified district, this property combines high-end finishes with strategic location. It is perfectly suited for Owner-Occupants or first-time buyers seeking a turnkey lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1242 E 87th Place Subject | $699,000* List Price | 3 | 2 | 1,026 | $637 | - |
A 838 E 99th Sold | $680,000 | 3 | 2 | 1,086 | $626 | 0.9 mi |
B 758 E 94th Sold | $679,000 | 3 | 2 | 1,227 | $553 | 0.7 mi |
C 727 E 94th Street Sold | $630,000 | 2 | 1 | 893 | $705 | 0.7 mi |
D 9608 Beach Sold | $570,000 | 3 | 1 | 944 | $604 | 0.5 mi |
E 1142 E 102nd Street Sold | $710,000 | 4 | 2 | 1,200 | $592 | 1.0 mi |
F 906 E 87th Street Sold | $630,000 | 3 | 2 | 1,180 | $534 | 0.3 mi |
G 939 E 88th Pl. Active | $689,000 List Price | 3 | 2 | 1,024 | $673 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1927, the property has undergone a complete, high-end renovation within the last year. The interior features a brand-new kitchen with quartz countertops and stainless steel appliances, and the bathrooms are finished with designer tiles and modern black fixtures. With a new open floor plan, updated windows, and fresh stucco, the home meets the criteria for excellent condition as all major components are virtually new.
The property has been fully renovated with modern finishes, including quartz countertops, stainless steel appliances, and designer tile, offering a move-in-ready experience.
An existing unpermitted 1-bedroom, 1-bathroom rear space provides a significant head start for a formal ADU conversion or a private guest suite.
Conveniently situated near major employment and entertainment hubs, including USC, SoFi Stadium, and Downtown Los Angeles, with easy freeway access.
The property was recently sold within the past year on 2025-04-24. The sold price is $459,000.00.
The rear unit is unpermitted, placing the burden of due diligence, potential code compliance, and legalizing the space on the buyer.
With only 1,026 square feet for a 3-bedroom configuration, the living spaces and bedrooms may feel compact for larger families.
Welcome to 1242 E 87th Place, a beautifully fully renovated 3-bedroom, 2-bath home in the heart of Los Angeles. This stunning property offers a bright open floor plan, modern finishes, and thoughtful upgrades throughout. The spacious living area flows seamlessly into a brand-new kitchen featuring stylish cabinetry, quartz countertops, and stainless steel appliances. Each bedroom is generously sized, and the bathrooms have been tastefully updated with designer tile and fixtures. In addition to the main home, there is an unpermitted 1-bedroom, 1-bath space in the rear, providing excellent potential for a guest suite, home office, or future ADU conversion (buyer and buyer’s agent to perform their own due diligence regarding permits, zoning, and use). Seller is open to receiving offers and scheduling showings for interested buyers. Conveniently located near major freeways, schools, shopping, USC, Sofi Stadium, and just minutes from Downtown Los Angeles. Don’t miss this move-in ready home with investment potential in a rapidly developing neighborhood! A long gated driveway offers ample parking, and the front yard is ready for your landscaping vision. Conveniently located near schools, shopping centers, and freeway access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.0 | 52% |
| Square foot | 1,026 | 1,024 | 51% |
| Lot Size | 5,140 | 4,896 | 60% |
| Price | $699.0K | $602.0K | 86% |
| Price per sq ft | $681 | $585 | 78% |
| Built year | 1927 | 1939 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 238 | 180 | 78% |
Aug 27, 2025
$699,000
Initial Listing
Apr 24, 2025
$459,000
Public Record