
Los Angeles, California 90002
This Dual-Unit Residential Income Property is listed at $675,000, representing a stable entry point aligned with its $667,240 Fair Market Value. The asset features two detached homes on a secure, gated lot and holds a Condition Rating of 3 due to extensive infrastructure updates, including New Copper Plumbing, ABS Drain Lines, and Dual-Pane Windows. With proximity to the 9/10 rated Compton Early College High, this property balances immediate rental income with long-term functional reliability. It is an ideal opportunity for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a central Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 715 E 87th Place Subject | $675,000* List Price | 0 | 0 | 1,358 | $491 | - |
A 854 E 87th Place Sold | $610,000 | 4 | 2 | 1,558 | $392 | 0.2 mi |
B 9429 S Central Avenue Sold | $690,000 | 0 | 0 | 1,536 | $449 | 0.7 mi |
C 1218 E 89th Active | $750,000 List Price | 0 | 0 | 1,250 | $600 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant infrastructure improvements, including new copper plumbing, ABS drain lines, and dual-pane vinyl windows. While the interior styling is basic and features dated elements such as wall heaters and older-style cabinetry, the units are well-maintained with fresh paint and updated flooring (large tile and waterproof laminate). The major systems are functional and the property requires no immediate renovation for occupancy.
High School: Compton Early College High (9/10).
The property features two detached homes on a single lot, providing a versatile opportunity for rental income, multi-generational living, or a 'house-hack' investment strategy.
Significant high-cost improvements have been completed, including new copper plumbing, new ABS drain lines, and energy-efficient dual-pane vinyl windows, reducing immediate capital expenditure for the buyer.
Originally built in 1923, the property may present ongoing maintenance challenges or structural quirks inherent to homes of this vintage, despite recent system updates.
The majority of the immediate neighborhood schools have low performance ratings, which could limit the property's appeal to families prioritizing public education and impact future appreciation.
This multi-family property at 715 E 87th Place, Los Angeles, CA 90002, sits on a spacious 5,400 sq ft lot and features two detached homes. A front security gate with motorized opener provides secure access, while a concrete driveway runs along the entire east side, offering additional parking between the two units and leading to a large backyard in the rear. Recent updates include all new ABS drain lines extending to the front of the lot, complete replacement of the plumbing with new copper lines, and the majority of windows upgraded to energy-efficient dual-pane vinyl. The front unit has large 18" tile flooring throughout and an indoor laundry room conveniently located off the kitchen. The rear unit features new plywood subfloors topped with waterproof solid core laminate plank flooring, fresh interior and exterior paint, plus a fully permitted outdoor laundry area and patio cover. Located in the Green Meadows neighborhood of South Los Angeles, the property offers easy access to the 110 freeway, public transit, nearby schools, the Green Meadows Recreation Center and Park, retail, and dining, with convenient proximity to Downtown LA and LAX. Both units are to be delivered tenant occupied.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.6 mi
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 | 1,358 | 2,243.5 | 13% |
| Lot Size | 5,400 | 4,853.5 | 69% |
| Price | $675.0K | $878.5K | 19% |
| Price per sq ft | $497 | $399 | 88% |
| Built year | 1923 | 1950 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 66 | 172 | 13% |
Feb 15, 2026
$675,000
Initial Listing
Nov 5, 2008
$165,500
Public Record