1242 E 87th Place, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 2 bath

1242 E 87th Place, Los Angeles, California 90002 home-pic-0
ACTIVE$699,000
1242 E 87th Place, Los Angeles, California 90002
3Beds
2Baths
1,026Sqft
5,140Lot
Year Built
1927
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$681
HOA
-
Days on market
-
Sold On
-
MLS number
RS25177519
Home ConditionExcellent
Features
View-

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $699.0K(79th), sqft - 1026(46th), beds - 3(50th), baths - 2(50th).

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.

Price History

Date
Event
Price
08/27/25
Listing
$699,000
04/24/25
Sold
$459,000
Condition Rating
Excellent

Despite being built in 1927, the property has undergone a beautiful and full renovation, as explicitly stated in the description and clearly evidenced by the images. The kitchen features brand-new stylish cabinetry, quartz countertops, and stainless steel appliances, all in a modern aesthetic. The bathrooms are tastefully updated with designer tile, modern black fixtures, and new vanities, presenting a contemporary and fresh look. New flooring, fresh paint, and modern light fixtures (including recessed lighting and ceiling fans) are visible throughout the home, indicating a comprehensive update. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for an extensively renovated property.
Pros & Cons

Pros

Extensive Modern Renovation: The property has been beautifully fully renovated with a bright open floor plan, modern finishes, a brand-new kitchen featuring quartz countertops and stainless steel appliances, and tastefully updated bathrooms, making it move-in ready.
ADU/Income Potential: An unpermitted 1-bedroom, 1-bath unit in the rear offers significant potential for a guest suite, home office, or future ADU conversion, providing added value and flexible use.
Strategic Los Angeles Location: Conveniently located near major freeways, schools, shopping, USC, Sofi Stadium, and Downtown Los Angeles, enhancing accessibility and desirability.
Strong Investment Opportunity: Positioned in a rapidly developing neighborhood, this property presents a promising investment with potential for appreciation.
Ample Gated Parking: A long gated driveway provides secure and ample off-street parking, a valuable amenity in urban Los Angeles.

Cons

Unpermitted Rear Unit: The 1-bedroom, 1-bath unit in the rear is unpermitted, creating potential legal and financial risks for the buyer regarding permitting, compliance, and future use.
Undeveloped Front Yard: The front yard is described as 'ready for your landscaping vision,' indicating it requires immediate investment and effort to enhance curb appeal and outdoor aesthetics.
Compact Main Residence Size: With 1026 sqft for the main home, the living space is relatively compact for a 3-bedroom property, which may limit appeal for buyers seeking more expansive interiors.

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