
Los Angeles, California 90002
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $700,000—positioned well below the $725,000 Fair Market Value by 3%. This valuation gap offers $25,000 in Instant Equity. With a Condition Rating of 2, the property features extensive infrastructure upgrades, including new copper plumbing and energy-efficient windows. The turnkey, modernized units provide immediate rental appeal. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a well-connected South Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 715 E 87th Place Subject 0 bd · 0 ba · 1,358 sqft · $534 | $700,000* List Price | 0 | 0 | 1,358 | $534 | - |
A 644 E 88th Sold 4 bd · 3 ba · 1,602 sqft · $531 · 0.2 mi | $850,000 | 4 | 3 | 1,602 | $531 | 0.2 mi |
B 644 E 88th Sold 0 bd · 0 ba · 1,602 sqft · $531 · 0.2 mi | $850,000 | 0 | 0 | 1,602 | $531 | 0.2 mi |
C 9201 S Central Active 0 bd · 0 ba · 1,383 sqft · $434 · 0.6 mi | $599,999 List Price | 0 | 0 | 1,383 | $434 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (<5 years) including a fully remodeled kitchen with quartz countertops and shaker cabinets, new waterproof vinyl flooring, new energy-efficient dual-pane windows, and significant system upgrades including new copper plumbing and ABS drain lines.
High School: Compton Early College High (9/10).
The property features significant capital improvements, including new copper plumbing, ABS drain lines, and energy-efficient dual-pane windows, reducing future maintenance costs for investors.
Both units offer contemporary finishes such as waterproof vinyl plank flooring and remodeled kitchens with quartz countertops, providing a turnkey rental or owner-user opportunity.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5400, other record lot size in square feet = 5200.
The front unit is delivered tenant-occupied, which may limit immediate flexibility for owner-occupants and requires the buyer to assume existing lease terms.
The majority of assigned public schools in the immediate vicinity have low performance ratings, which could impact long-term appreciation and appeal to family-oriented tenants.
Seller-funded rate buydown available! Reach out for more information! 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, Two Bedroom One Bathroom 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, and complete replacement of the plumbing with new copper lines from the main line to throughout both units. The front unit has new Solid Core Waterproof Vinyl Plank flooring throughout, New Energy Efficient Dual Pane Vinyl Windows, new interior paint, and an indoor laundry room conveniently located off the fully remodeled kitchen featuring White Shaker Cabinets and Quartz Counters. The rear unit features new plywood subfloors topped with Solid Core Waterproof Vinyl Plank flooring, majority of windows upgraded to energy-efficient dual-pane vinyl, fresh interior and exterior paint, plus a fully permitted outdoor laundry area and patio cover. We have a recent termite clearance as well so bring all VA and FHA loans! 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. Front unit is 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 |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,358 | 2,090.331 |
| Lot Size | 5,400 | 5,852.908 |
| Price | $700.0K | $830.9K |
| Price per sq ft | $515 | $394 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 54 | 87 |
Oct 21, 2026
$700,000
$725,000
-3% Price Drop
Initial Listing
Sep 16, 2026
$725,000
Initial Listing
Jun 8, 2015
$325,000
Public Record
Oct 3, 2014
$240,000
Public Record