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Listed by William Mulkey • TR Wealth Management Inc.
$ 599,999
Est. payment /mo
New
600 E 87th Los Angeles, CA 90002
5,500 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25238693
Year Built 1947
Lot Size 5,500 Sqft
Source California Regional MLS
Property Description
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 marekt. 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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry None
Exterior
Parking Features Common Parking Area, Other
Garage Spaces 5.0
Pool None
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 6042004015
Special Listing Condition Not Applicable
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