Properties
Los Angeles, CA 90003 213 E 87th Pl
$739,000
15 more
Presented By: Chris Barker with Yorkshire Realty; chris@yorkshirere.com
Baths • 1
SQFT • 2,723
Home Details
Welcome to 213 E 87th Pl. This triplex offers exceptional value and opportunity for investors, first-time home-buyers, and developers. Three spacious units across 2,723 sq ft of livable space: unit 213 is 2 bed 1 bath; unit 215 is 3 bed 1 bath; unit 217 is 3 bed 2 bath. Units 213 and 217 are rented to steady long-term tenants. Unit 215 is vacant and move-in ready. There is over 40% upside from renting all units at market rates. The 6,272 sq ft lot includes a large parking lot with ADU potential. The property is conveniently located off Manchester Blvd and the 110 Freeway, near schools, shopping, entertainment, and more. Zoned R3, which allows for residential development possibilities. This property is ideal for investors seeking an outstanding 7.4% CAP rate from day one with plenty of rental upside, first-time home-buyers to live in the vacant unit, or developers considering future repositioning.
Presented By: Chris Barker with Yorkshire Realty; chris@yorkshirere.com
Interior Features for 213 E 87th Pl
Other Interior Features
Air Conditioning Y/NNo
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 213 E 87th Pl
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate7.4
CityLos Angeles
Community FeaturesCurbs, Gutter(s), Sidewalks, Urban
CoolingNone
CountyLos Angeles
DirectionsE 87th Pl between Wall St and San Pedro St
ElectricStandard
Entry Location1
Garage Spaces
Garage Y/NNo
Gross Income74496
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense2400
Land Lease Y/NNo
LevelsTwo
Listing TermsConventional
Lot Size Square Feet6272
Lot Size UnitsSquare Feet
MLS AreaC37 - Metropolitan South
Net Operating Income54698
New ConstructionNo
Number Of Units Total3
Open Parking Spaces6
Operating Expense19798
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot55
Trash Expense600
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Sewer Expense2247
Year Built1927
Year Built SourcePublic Records
Exterior for 213 E 87th Pl
Building Area Total2723
Lot FeaturesFront Yard, Level, Paved, Street Level
Lot Size Acres0.144
Lot Size Area6272
Lot Size SourcePublic Records
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Parking FeaturesDriveway, Private, One Space, Uncovered
Private PoolNo
Total Parking6
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
