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632 E 87th, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 2 bath

632 E 87th, Los Angeles, California 90002 home-pic-0
ACTIVE$699,000
632 E 87th, Los Angeles, California 90002
3Beds
2Baths
1,503Sqft
5,321Lot

Price Vs. Estimate

The estimated value ($638,896.38) is $60,103.62 (8%) lower than the list price ($699,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: High School: Compton Early College High (9/10).
Top Cons:
Extensive Renovation Required: Built in 1923 and on the market for the first time in over 50 years, the property is explicitly marketed as a 'project,' indicating it likely requires significant updates and renovations to meet modern standards.

Compared to the nearby listings

Price:$699.0K vs avg $605.0K (+$94,000)79%
Size:1,503 sqft vs avg 1,055.5 sqft79%
Price/sqft:$465 vs avg $53234%

More Insights

Built in 1923 (102 years old).
Condition: Built in 1923 and explicitly marketed as a 'project' on the market for the first time in over 50 years, this property requires substantial repairs and rehabilitation. The kitchen features severely outdated cabinets, worn laminate countertops, a dated backsplash, and no modern appliances. The bathroom is equally outdated with a yellow vanity, old integrated sinks, and basic fixtures. Throughout the home, there are old carpets, dated linoleum/vinyl flooring, and old-style light fixtures and a wall heater, indicating major systems are likely at or beyond their expected lifespan. The overall condition suggests it would be very uncomfortable to live in its current state without extensive renovations.
Year Built
1923
Close
-
List price
$699K
Original List price
$599K
Price/Sqft
$465
HOA
-
Days on market
-
Sold On
-
MLS number
SR25247851
Home ConditionPoor
Features
View-

About this home

First Time on the Market in Over 50 Years! This rare opportunity offers tremendous potential for investors and first-time buyers looking for a project. Situated on a flat, R2-zoned lot of over 5,300 sq ft, this property allows for the development of a 2 units plus an additional ADU (please verify with LADBS)—perfect for generating future income or expanding your living space. The existing home spans over 1,500 sq ft and features 3 spacious bedrooms and 2 bathrooms. One bedroom is currently being used as a living area, providing flexible layout options. Additional highlights include an indoor laundry room, bonus office space, and an extra-long paved driveway offering ample parking. Enjoy a fully fenced, oversized backyard—ideal for privacy, entertaining, or relaxation. Centrally located with quick access to public transportation, the 110 and 105 freeways, Downtown LA, USC, USC Medical Center, the KIA Forum, SoFi Stadium, Intuit Dome, and LAX. Also close to Green Meadows Recreation Center, numerous K–12 schools, supermarkets, and the world-famous Roscoe’s Chicken & Waffles. With the 2028 LA Olympics on the horizon, now is the perfect time to invest in this promising property! Special financing maybe available for qualified buyers such as low down-payment, no PMI, or credits to closing costs. "Walk Score" is 74. "Most errands can be accomplished on foot (walkscore.com)."

Nearby schools

3/10
South Park Elementary School
Public,•K-6•0.2mi
3/10
Ninety-Third Street Elementary School
Public,•K-6•0.6mi
5/10
Russell Elementary School
Public,•K-6•0.7mi
5/10
Ninety-Ninth Street Elementary School
Public,•K-6•0.9mi
3/10
Ninety-Sixth Street Elementary School
Public,•K-6•1.1mi
4/10
One Hundred Seventh Street Elementary School
Public,•K-5•1.4mi
2/10
One Hundred Ninth Street Elementary School
Public,•K-5•1.5mi
3/10
One Hundred Twelfth Street Elementary School
Public,•K-5•1.9mi
4/10
One Hundred Sixteenth Street Elementary School
Public,•K-5•2.1mi
5/10
One Hundred Eighteenth Street School
Public,•K-5•2.3mi
6/10
One Hundred Twenty-Second Street Elementary School
Public,•K-5•2.6mi
1/10
Charles Drew Middle School
Public,•6-8•0.9mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.3mi
3/10
Edwin Markham Middle School
Public,•6-8•1.6mi
2/10
Samuel Gompers Middle School
Public,•6-8•2.0mi
3/10
Carver Elementary School
Public,•PK-8•2.6mi
5/10
Willowbrook Middle School
Public,•6-8•3.3mi
3/10
John C. Fremont Senior High School
Public,•9-12•0.8mi
2/10
David Starr Jordan Senior High School
Public,•9-12•2.2mi
3/10
Centennial High School
Public,•9-12•3.1mi
9/10
Compton Early College High
Public,•9-12•3.3mi

Price History

Date
Event
Price
06/05/01
Sold
$101,500
08/02/12
Sold
$445,004
10/20/11
Sold
$110,000
04/11/06
Sold
$340,000
04/29/02
Sold
$133,000
Condition Rating
Poor
Built in 1923 and explicitly marketed as a 'project' on the market for the first time in over 50 years, this property requires substantial repairs and rehabilitation. The kitchen features severely outdated cabinets, worn laminate countertops, a dated backsplash, and no modern appliances. The bathroom is equally outdated with a yellow vanity, old integrated sinks, and basic fixtures. Throughout the home, there are old carpets, dated linoleum/vinyl flooring, and old-style light fixtures and a wall heater, indicating major systems are likely at or beyond their expected lifespan. The overall condition suggests it would be very uncomfortable to live in its current state without extensive renovations.
Pros & Cons

Pros

Great Schools: High School: Compton Early College High (9/10).
Development Potential: The property is situated on a flat, R2-zoned lot of over 5,300 sq ft, allowing for the development of two units plus an additional ADU, offering significant income-generating potential or expanded living space.
Strategic Location & Connectivity: Centrally located in Los Angeles with quick access to public transportation, the 110 and 105 freeways, Downtown LA, USC, major stadiums (SoFi, KIA Forum, Intuit Dome), and LAX, providing excellent accessibility.
High Walkability & Local Amenities: Boasts a 'Walk Score' of 74, indicating most errands can be accomplished on foot. It's close to Green Meadows Recreation Center, numerous K–12 schools, supermarkets, and local dining.
Generous Lot Size & Outdoor Space: The property features an oversized, fully fenced backyard on a 5,321 sq ft flat lot, ideal for privacy, entertaining, or future expansion.
Investment & Value-Add Opportunity: Described as a 'tremendous potential for investors and first-time buyers looking for a project,' with the 2028 LA Olympics on the horizon, suggesting strong long-term appreciation prospects.

Cons

Extensive Renovation Required: Built in 1923 and on the market for the first time in over 50 years, the property is explicitly marketed as a 'project,' indicating it likely requires significant updates and renovations to meet modern standards.
Lack of Premium Views: The property explicitly states 'view: None,' meaning it does not offer any scenic or desirable vistas that could enhance its appeal or market value.
Recent Significant Price Increase: The list price recently increased from $599,000 to $699,000. For a property described as a 'project' needing substantial work, this increase might deter value-focused investors or first-time buyers seeking immediate equity.

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