135 W 87th Place W, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This Multi-Unit Residential Income Property is listed at $702,900, representing a stable entry point aligned with its $700,197 Fair Market Value. The asset features a Recently Remodeled main residence complemented by a secondary unit and an Attached ADU Studio, providing three distinct revenue streams. With a Condition Rating of 3, the property offers a turnkey experience including a Securely Gated lot and updated windows. Market data for the 90003 area confirms strong demand for multi-unit assets, making this an ideal acquisition for House-Hackers or Buy-and-Hold Investors seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 135 W 87th Place W Subject | $702,900* List Price | 0 | 0 | 1,102 | $635 | - |
A 8449 S Main Active | $685,000 List Price | 0 | 0 | 1,192 | $575 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property, built in 1931, has been 'recently remodeled,' as stated in the description and supported by the updated exterior windows visible in the image. This suggests that the kitchens, bathrooms, and other key areas have received modern updates, making the property move-in ready with no immediate renovations required. While the original construction year indicates potential for underlying infrastructure challenges (plumbing, electrical) not fully addressed by cosmetic updates, the 'recent remodel' implies a significant improvement in aesthetics and functionality, aligning with the 'Good' category's criteria for properties extensively renovated within the last 5-15 years. However, without interior images, a definitive assessment of the quality and extent of these renovations, particularly for appliances, fixtures, and flooring, is limited.
Configured as a multi-unit property (Duplex with an ADU studio), offering significant rental income streams or owner-occupancy with supplemental income, maximizing investment return.
The presence of a separate ADU studio with a kitchenette and full bath provides a highly flexible and valuable additional income source, catering to current market demands for accessory dwelling units.
The property has been 'recently remodeled,' suggesting updated aesthetics and functionality, which reduces immediate capital expenditure and enhances tenant appeal for a new owner.
Built in 1931, the property is nearly a century old. While remodeled, older construction can present unforeseen maintenance challenges related to original infrastructure (plumbing, electrical, foundation) that may not have been fully addressed by cosmetic updates.
With a total of 1102 sqft divided among three units (2/1.5, 1/1, studio), individual unit sizes are likely quite small, which could limit the tenant pool or command lower rental rates compared to properties with larger units.
The property's location in the 90003 zip code, while part of Los Angeles, is generally associated with lower-income demographics and potentially higher crime rates, which might deter certain buyers or impact long-term appreciation compared to other LA neighborhoods.
Live in one and rent the others for extra income! Recently remodeled property offers a front unit with 2-bedroom, 1 bath with and additional 1/2 bath in the back with laundry room attached. Back unit offers 1 bedroom, 1 bath. Back unit has an attached ADU studio with a kitchenette and full bath. ADU studio was once part of the back unit but now it is a separate ADU, adding an additional source of income. The property includes ample front and rear yard space and is securely gated.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,102 | 1,907 | 7% |
| Lot Size | 5,352 | 5,200 | 62% |
| Price | $702.9K | $760.0K | 33% |
| Price per sq ft | $638 | $362 | 93% |
| Built year | 1931 | 1930 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 213 | 213 | 51% |
Nov 26, 2025
$702,900
$705,000
+0% Price Increase
Initial Listing
Sep 21, 2025
$705,000
Initial Listing