1263 E 87th, Los Angeles, California 90002, Los Angeles, 90002 - 6 bed, 4 bath

1263 E 87th, Los Angeles, California 90002 home-pic-0
ACTIVE$774,999$3,310/sqft
1263 E 87th, Los Angeles, California 90002
6Beds
4Baths
3,310Sqft
5,063Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Income Potential: The property is a two-unit duplex with one unit already leased at $3,500/month, providing immediate and substantial rental income for investors or owner-occupants.
Top Cons:
Advanced Age of Property: Built in 1925, the property is nearly a century old, which may imply potential for aging infrastructure, systems, and higher maintenance requirements compared to newer constructions.

Compared to the nearby listings

Price:$775.0K vs avg $880.0K ($-105,001)27%
Size:3,310 sqft vs avg 2,446 sqft87%
Price/sqft:$234 vs avg $33913%

More Insights

Built in 1925 (101 years old).
Condition: The property, built in 1925, is a duplex with mixed conditions. The front unit has received recent cosmetic updates including fresh paint, new carpet, modern laminate flooring in the kitchen, and an updated bathroom with new vanity, modern light fixture, and patterned tile. The kitchen in the front unit also features a modern LED light fixture, though the cabinets are traditional. However, the larger rear unit is significantly dated. Its kitchen features old tile countertops, worn traditional wood cabinets, and older white appliances. The bathrooms in the rear unit have dated blue tile flooring, basic vanities, and utilitarian fiberglass tub/shower surrounds. While the front unit is cosmetically 'move-in ready,' the rear unit requires substantial cosmetic updates and renovation, particularly in the kitchen and bathrooms. The age of the property (nearly 100 years old) suggests that major systems are likely original or have not been extensively updated recently, which aligns with the 'Fair' category where major components are functional but show signs of being outdated and require minor to substantial updates or repairs.
Year Built
1925
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$234
HOA
-
Days on market
-
Sold On
-
MLS number
SB25275635
Home ConditionFair
Features
Patio
View-

About this home

Two-unit property offering flexibility for owner-occupants or investors. The property includes a detached front residence and a larger rear unit, allowing for multiple use options. The rear unit is currently leased at $3,500 per month. The front unit features fresh paint, updated flooring, and fixtures, making it move-in ready. Interior photos of the front unit will be added soon. The front residence offers 2 bedrooms and 1 bathroom, while the rear unit features 4 bedrooms and 3 bathrooms, including generous living areas, a second-floor family room, laundry room, garage parking, and secure alley access. Located in an unincorporated area of Los Angeles County, the property is not subject to city rent control. Convenient access to major freeways, Metro rail stations, and public transportation provides connectivity throughout Los Angeles. A competitively priced opportunity with strong long-term potential.

C
Carl Calhoun
Listing Agent

Price History

Date
Event
Price
10/16/13
Sold
$439,000
Condition Rating
Fair

The property, built in 1925, is a duplex with mixed conditions. The front unit has received recent cosmetic updates including fresh paint, new carpet, modern laminate flooring in the kitchen, and an updated bathroom with new vanity, modern light fixture, and patterned tile. The kitchen in the front unit also features a modern LED light fixture, though the cabinets are traditional. However, the larger rear unit is significantly dated. Its kitchen features old tile countertops, worn traditional wood cabinets, and older white appliances. The bathrooms in the rear unit have dated blue tile flooring, basic vanities, and utilitarian fiberglass tub/shower surrounds. While the front unit is cosmetically 'move-in ready,' the rear unit requires substantial cosmetic updates and renovation, particularly in the kitchen and bathrooms. The age of the property (nearly 100 years old) suggests that major systems are likely original or have not been extensively updated recently, which aligns with the 'Fair' category where major components are functional but show signs of being outdated and require minor to substantial updates or repairs.
Pros & Cons

Pros

Strong Income Potential: The property is a two-unit duplex with one unit already leased at $3,500/month, providing immediate and substantial rental income for investors or owner-occupants.
Exemption from Rent Control: Located in an unincorporated area of Los Angeles County, the property is not subject to city rent control, offering greater flexibility for rental adjustments and investment strategy.
Flexible Use Options: The detached two-unit configuration allows for diverse use cases, including owner-occupancy with rental income from the second unit, or full investment with two rental streams.
Updated Front Unit: The front residence is move-in ready with fresh paint, updated flooring, and fixtures, making it immediately appealing for new tenants or an owner-occupant.
Excellent Connectivity: Convenient access to major freeways, Metro rail stations, and public transportation enhances its appeal for commuters and tenants, providing connectivity throughout Los Angeles.

Cons

Advanced Age of Property: Built in 1925, the property is nearly a century old, which may imply potential for aging infrastructure, systems, and higher maintenance requirements compared to newer constructions.
Incomplete Visuals: The listing explicitly states that interior photos of the front unit are 'coming soon,' which can hinder buyer interest and decision-making by not providing a full visual representation.
Lack of Desirable Views: The property description indicates 'view: None,' which might be a disadvantage in a competitive market where desirable views often add significant value and appeal.
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