628 E 87th Place, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 1 bath
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Los Angeles, California 90002
This Zoning R2 Development Asset is listed at $649,000, reflecting a strategic premium over the $565,177 Fair Market Value due to its significant high-density potential. The residence maintains a Fair Condition Rating following recent cosmetic upgrades, including Laminated Floors and fresh interior paint. The primary value driver is the expansive 5,326 sqft lot, which offers a clear path for forced appreciation through ADU construction or footprint expansion. Located near the 9/10 rated Compton Early College High, this property is a prime candidate for Buy-and-Hold Investors or Owner-Occupants seeking a long-term "house-hack" opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 628 E 87th Place Subject | $598,000* List Price | 2 | 1 | 750 | $732 | - |
A 8765 Plevka Avenue Sold | $573,000 | 2 | 1 | 816 | $702 | 0.8 mi |
B 9003 Wadsworth Avenue Sold | $550,000 | 2 | 1 | 833 | $660 | 0.4 mi |
C 926 East 97th Street Sold | $530,000 | 2 | 1 | 924 | $574 | 0.8 mi |
D 633 E 92nd Street Sold | $500,000 | 3 | 1 | 680 | $735 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1927, this property has received recent cosmetic upgrades including new laminate flooring and fresh paint, making it appear move-in ready. However, the significant age of the home suggests that major underlying systems (plumbing, electrical, HVAC) are likely outdated and have not undergone extensive recent renovation. While the exterior appears maintained, the lack of information regarding major system updates, coupled with the property's age, indicates that these components will likely require future attention, aligning with the 'Fair' condition criteria where major components are functional but show signs of being outdated.
High School: Compton Early College High (9/10).
The property is zoned R2 and features a large 5326 sqft backyard, offering significant potential for expansion, adding an Accessory Dwelling Unit (ADU), or future development.
The home has been newly upgraded with laminated floors throughout and fresh paint inside and outside, providing a move-in ready aesthetic.
At 750 sqft, the home offers limited interior living space, which may not accommodate all buyer needs, particularly larger families or those desiring more room.
The list price of $649,000 for 750 sqft results in a high price per square foot, potentially impacting its market competitiveness compared to larger homes in the area.
Built in 1927, the property's age suggests potential for older underlying systems (e.g., plumbing, electrical, HVAC) that may require future maintenance or upgrades despite recent cosmetic renovations.
Home located in Avalon Gardens 2 bedroom 1 bath 750 sqft large backyard with Plenty of room to expand. Property Zoned R2. Home Newly upgraded with Laminated floors throughout. New paint inside and outside. A Long driveway for Plenty of parking with a in closed gate for added security.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 1.0 | 2.0 | 47% |
| Square foot | 750 | 1,067.5 | 9% |
| Lot Size | 5,326 | 5,023 | 64% |
| Price | $598.0K | $601.0K | 49% |
| Price per sq ft | $797 | $558 | 99% |
| Built year | 1927 | 1939 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 117 | 194 | 21% |
Mar 25, 2026
$598,000
$649,000
-8% Price Drop
Initial Listing
Feb 9, 2026
$649,000
Initial Listing