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235 E 87th St, Los Angeles, CA, 90003

12beds
6baths
4,320sqft
$1,135,000
$263price/sqft
$7,521/moest. monthly cost
$300,840/yrincome needed

About This Home

Excellent investment opportunity in the highly desirable Metropolitan South area of Los Angeles! This 6-unit apartment complex features six spacious 2-bedroom, 1-bathroom units, with three units located downstairs and three units upstairs, offering a well-balanced and functional layout. The property provides ample on-site outdoor parking for up to 12 vehicles, a rare and valuable amenity for the area. An exterior electric gate adds an extra layer of security and privacy for tenants. All units are currently tenant-occupied, offering immediate rental income for the next owner. Conveniently located near the 110 Freeway, the property offers easy access for commuters and is just minutes from a wide variety of retail stores, restaurants, and everyday conveniences. This centrally located asset presents strong long-term upside potential in one of Los Angeles’ steadily growing rental markets. A fantastic opportunity to own a well-positioned multi-unit property in the heart of Los Angeles.

Getting Around

75
WalkingVery Walkable
61
TransitGood Transit
62
BikeBikeable

Construction

Condition

  • Year built: 1965

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: None

Bedrooms & Bathrooms

  • Bedrooms: 12
  • Bathrooms: 6

Features

  • Common walls with other units/homes: 2+ Common Walls

Interior Area

  • Total structure area: 4,320
  • Total interior livable area: 4,320 sqft

Property

Details

  • Parcel number: 6041016012
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Entry location: Unit # door
  • Pool features: None

Lot

  • Lot size: 7,593 sqft
  • Features: 0-1 Unit/Acre