Property Details
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 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.
MLS Listing Information
MLS #
CRSB25238693
MLS Source
California Regional MLS
Days on Site
17
Interior Features
Laundry
None
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Other, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 5 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
600 E 87th is a Residential Income in Los Angeles, CA 90002. This – square foot property sits on a 5,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $599,999 and was built in 1947. This address can also be written as 600 E 87th, Los Angeles, CA 90002.
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This listing information is up-to-date as of October 21, 2025. For the most current information, please contact William Mulkey, (310) 919-7554
