913 E 87th Street, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath
ACTIVE$829,900
913 E 87th Street, Los Angeles, California 90002
0Bed
0Bath
2,476Sqft
4,506Lot
Year Built
1933
Close
-
List price
$830K
Original List price
$925K
Price/Sqft
$335
HOA
-
Days on market
-
Sold On
-
MLS number
IV23149425
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $829.9K(50th), sqft - 2476(75th), beds - undefined(50th), baths - undefined(50th).
TWO ON LOT: The front house is an SFR with 4 bedrooms, 2 baths, and has a small front yard. The rear building is a two-story building with 3 units, 2 one-bedroom units, one bath, and a single with one bath. The property has an attached 4-car garage in the rear of the building. The property has been maintained well. Fully occupied with tenants
Nearby schools
5/10
Russell Elementary School
Public,•K-6•0.3mi
3/10
South Park Elementary School
Public,•K-6•0.5mi
3/10
Ninety-Third Street Elementary School
Public,•K-6•0.8mi
5/10
Ninety-Ninth Street Elementary School
Public,•K-6•0.9mi
3/10
Ninety-Sixth Street Elementary School
Public,•K-6•0.9mi
2/10
One Hundred Ninth Street Elementary School
Public,•K-5•1.6mi
4/10
One Hundred Seventh Street Elementary School
Public,•K-5•1.6mi
3/10
One Hundred Twelfth Street Elementary School
Public,•K-5•1.8mi
4/10
One Hundred Sixteenth Street Elementary School
Public,•K-5•2.2mi
5/10
One Hundred Eighteenth Street School
Public,•K-5•2.4mi
6/10
One Hundred Twenty-Second Street Elementary School
Public,•K-5•2.7mi
1/10
Charles Drew Middle School
Public,•6-8•0.6mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.5mi
3/10
Edwin Markham Middle School
Public,•6-8•1.5mi
2/10
Samuel Gompers Middle School
Public,•6-8•2.1mi
3/10
Carver Elementary School
Public,•PK-8•2.5mi
5/10
Willowbrook Middle School
Public,•6-8•3.2mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.0mi
2/10
David Starr Jordan Senior High School
Public,•9-12•1.9mi
3/10
Centennial High School
Public,•9-12•3.1mi
9/10
Compton Early College High
Public,•9-12•3.2mi
Price History
Date
Event
Price
09/27/25
Price Change
$829,900+3.8%
09/15/25
Price Change
$799,900
08/14/23
Listing
$924,900
02/24/14
Sold
$280,000
Condition Rating
Poor
The property was built in 1933, making it very old. While the description states it has been 'maintained well,' the interior images, particularly of the kitchen and bathroom, reveal severely outdated conditions. The kitchen features old, painted cabinets, a basic range, and an old range hood, suggesting renovations from 30-40 years ago. The bathroom also has a dated vanity and older tile work. The flooring appears worn, and a window AC unit indicates a lack of central cooling. These areas require substantial rehabilitation and modernization, aligning with the 'poor' condition criteria for properties built over 30 years ago with renovations between 30 to 50 years ago, and requiring significant updates for comfort and functionality.
Pros & Cons
Pros
Strong Income Potential: As a quadruplex with 'TWO ON LOT' and 'Fully occupied with tenants,' this property offers immediate and substantial rental income, making it an attractive investment.
Diverse Unit Mix: The property features a versatile configuration including a 4-bedroom SFR, two 1-bedroom units, and a single unit, appealing to a broad tenant base and potentially maximizing rental yield.
Ample Parking: The attached 4-car garage is a significant asset in Los Angeles, providing valuable parking solutions for tenants and enhancing the property's overall appeal and functionality.
Well-Maintained Condition: The description notes the property has been 'maintained well,' suggesting a reduced need for immediate repairs or significant capital expenditures for a new owner.
Favorable Price Adjustment: The current list price of $829,900 is a notable reduction from the original $924,900, indicating potential value for buyers or seller motivation.
Cons
Age of Property: Built in 1933, the property is over 90 years old, which may lead to concerns about aging infrastructure, potential for higher maintenance costs, or the need for future system upgrades.
Tenant Occupancy Constraints: While fully occupied ensures income, it can limit a new owner's flexibility for immediate renovations, rent adjustments, or owner-occupancy, and may complicate property showings.
Lower-Rated Local Schools: Several nearby public schools have low ratings (e.g., 1-3 out of 10), which could be a deterrent for families with school-aged children and potentially impact long-term property value appreciation or tenant desirability.