632 E 87th, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 2 bath
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This property presents a Strong Value Opportunity with a List Price of $450,000—positioned well below the $481,305 Fair Market Value by 6%. This valuation gap offers $31,305 in Instant Equity for buyers capable of managing a total renovation. With a Condition Rating of 5, the home requires significant structural work, but the 5,321 sqft lot provides excellent potential for ADU development. This is a high-reward distressed asset ideal for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 632 E 87th Subject | $450,000* List Price | 3 | 2 | 1,503 | $320 | - |
A 922 E 97th Active | $500,000 List Price | 3 | 2 | 1,331 | $376 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923 with no evidence of recent renovations. The listing's explicit statement that it cannot qualify for conventional or FHA financing and requires cash or hard money indicates significant safety or structural defects and a need for a total rehab.
High School: Compton Early College High (9/10).
Priced at $450,000 for a 1,503 sqft residence, this property offers a significant equity-building opportunity for investors or flippers looking to capitalize on the Los Angeles market.
The 3-bedroom, 2-bathroom layout provides a generous footprint compared to many homes of the same era, offering ample space for a modern interior reconfiguration.
The property is limited to cash or hard money offers only, excluding buyers who rely on traditional FHA or conventional financing, which significantly narrows the buyer pool.
Being a short sale sold in 'as-is' condition, the property likely requires substantial renovation and involves a more complex, time-consuming closing process subject to lender approval.
This property is a short Sale being sold as is... the current condition will only allow for cash or hard money offers... no conventional or FHA financing is possible
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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,503 | 1,672 |
| Lot Size | 5,321 | 6,067 |
| Price | $450.0K | $1.37M |
| Price per sq ft | $299 | $801 |
| Built year | 1923 | 1939 |
| HOA | $0 | $348 |
| Days on market | 2 | 56 |
Jul 20, 2026
$450,000
Initial Listing