600 E 87th, Los Angeles, CA 90002
Property
Sold January 2026
Listing Agent: William Mulkey (DRE #00986020) · Listing Office: TR Wealth Management Inc. · Contact: 310-919-7554 · Bought with: Diana Ramirez · Hit Realty Group · MLS #SB25238693 · Source: CRMLS
About this property
600 E 87th Street, Los Angeles — REDUCED TO $599,000. Five units with parking with huge upside at 4 cap rate and rents are way below market. Discover a reliable cash-flow opportunity at this five-unit multifamily on a corner lot near Manchester Ave & the 110. All five units are occupied by long-term tenants, delivering immediate, stable income, while practical floor plans and a solid operating history support low vacancy and quick leasing. Clear pathways to increase value include rent optimization and light operational improvements. Recent upgrades feature individual electrical sub-panels for each unit—enhancing safety, efficiency, and compliance. Residents benefit from gated parking and a central LA location with unbeatable access to Downtown, LAX, major employment centers, retail, dining, and transit, fueling strong renter demand and long-term rent growth. Set within a neighborhood seeing active revitalization, this is a rare chance to acquire a stabilized asset with in-place income today and value-add potential tomorrow.
Listing description from the January 2026 sale, as reported to CRMLS.
Sale history