612 1/2 E 87th Street, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath
612 1/2 E 87th Street
Los Angeles, California 90002
Property Price
SUMMARY
Analysis of 612 1/2 E 87th Street, Los Angeles, California 90002 is currently available with a list price of $775,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1928, making it 96 years old. While the exterior appears maintained with a relatively recent paint job, there are no interior images or details regarding the condition of kitchens, bathrooms, appliances, or systems. Given its age and the absence of any mentioned major renovations, it is highly probable that the interior components are significantly outdated and would require substantial updates to meet modern standards. The property is currently generating income, indicating it is functional and livable, but it likely shows considerable signs of age and deferred modernization. This aligns with the 'Fair' condition, suggesting it requires minor updates or repairs, and major components are functional but outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generating Asset
This triplex offers a clear income opportunity with three 2-bedroom/1-bathroom units, ideal for investors seeking immediate cash flow.
- Established Rental Income
The property boasts an actual monthly rent of $4,937, providing a verifiable and immediate income stream for a prospective buyer.
- Triplex Configuration
The multi-unit setup diversifies rental income and reduces vacancy risk compared to single-unit properties, enhancing investment stability.
CONSRISKS & DEFICIENCIES
- Property Age & Condition
Built in 1928, the property is likely to require significant capital expenditures for system updates (plumbing, electrical) and general modernization.
- Small Unit Footprint
With 1705 sqft divided among three 2-bedroom units, each unit is relatively small, potentially limiting tenant appeal or future rental rate increases.
- Potential for Deferred Maintenance
Given its age, the property may have accumulated deferred maintenance, necessitating immediate investment for repairs and upgrades to ensure long-term viability.
About 612 1/2 E 87th Street
Great Income Opportunity. Fenced in triplex with three units of 2-bedroom/1-bathroom each and actual rent of $4,937 monthly. Each unit has one assigned parking space.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1928
- Lot Size
- 5,402 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,705 | 2,294 | 46% |
| Lot Size | 5,402 | 4,951 | 62% |
| Price | $775.0K | $937.0K | 31% |
| Price per sq ft | $455 | $357 | 85% |
| Built year | 1928 | 1953 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 181 | 147 | 77% |
Pricing History
Listed for Sale
Sep 6, 2025
$775,000
Initial Listing