859 E 87th, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 2 bath
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Los Angeles, California 90002
This Single Family Residence represents a Strong Value Opportunity, listed at $555,000—positioned well below the $589,792 Fair Market Value by 5%. This valuation gap offers $34,792 in Instant Equity. Featuring a 4/10 Condition Rating, the home includes a full basement, 2-car garage, and solar panels, providing significant utility and ADU development potential. While local school ratings vary, the property offers a functional layout for Buy-and-Hold Investors or first-time buyers seeking a value-add asset in Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 859 E 87th Subject | $555,000* List Price | 2 | 2 | 1,009 | $566 | - |
A 652 E 88th Sold | $670,000 | 3 | 1 | 1,055 | $635 | 0.3 mi |
B 9414 Clovis Avenue Sold | $535,000 | 3 | 2 | 1,149 | $466 | 0.6 mi |
C 810 E 87th Sold | $695,000 | 4 | 2 | 1,253 | $555 | 0.1 mi |
D 8765 Plevka Avenue Sold | $573,000 | 2 | 1 | 816 | $702 | 0.5 mi |
E 827 E 97th Sold | $649,800 | 2 | 2 | 1,191 | $546 | 0.8 mi |
F 819 E 98th Sold | $459,000 | 2 | 1 | 776 | $591 | 0.8 mi |
G 910 E 93rd Street Active | $500,000 List Price | 2 | 1 | 828 | $604 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1938, the home is well-maintained and functional but dated. The bathroom features older floral tile and fixtures likely over 20 years old, and while the addition of solar panels is a modern upgrade, the overall interior and exterior aesthetic require modernization to meet current standards.
High School: Compton Early College High (9/10).
The property features a spacious backyard that is a rare find for the area, providing an excellent opportunity to build an Accessory Dwelling Unit (ADU) for rental income or guest housing.
With a two-car garage and a rare full basement, this home offers significantly more storage and utility space than typical 1,000-square-foot residences in this neighborhood.
Most of the local public schools serving this address have low performance ratings, which may deter families prioritizing education and could limit long-term appreciation.
The requirement for the buyer to qualify for and assume a $115 monthly solar payment acts as a mandatory fixed expense that may impact some buyers' financing qualifications.
WELCOME TO THIS COZY AND BEAUTIFULLY MAINTAINED 2-BEDROOM, 2-BATHROOM HOME PRICED RIGHT AND READY FOR ITS NEXT OWNER. THIS HOME PROVES THAT THE RIGHT LAYOUT MAKES ALL THE DIFFERENCE. EVERY SQUARE FOOT IS WARM, FUNCTIONAL, AND FULL OF CHARACTER. ENERGY EFFICIENT SOLAR PANEL INCLUDED AT ONLY $115/MO (BUYER TO QUALIFY WITH PROVIDER) 2 CAR GARAGE PLUS A FULL BASEMENT FOR EXTRA STORAGE, THE SPACIOUS BACKYARD IS A RARE FIND PERFECT FOR ENTERTAINING, OR A FUTURE (ADU) MOVE IN READY.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,009 | 1,672 |
| Lot Size | 4,491 | 6,067 |
| Price | $555.0K | $1.37M |
| Price per sq ft | $550 | $801 |
| Built year | 1938 | 1939 |
| HOA | $0 | $348 |
| Days on market | 44 | 56 |
Jun 8, 2026
$555,000
Initial Listing
Dec 7, 2018
$395,000
Public Record
Sep 18, 2015
$283,000
Public Record