- 5 Beds
- 5 Baths
- .13 Acres
- 66 DOM
600 E 87th
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.
Essential Information
- MLS® #SB25238693
- Price$599,999
- Bedrooms5
- Bathrooms5.00
- Acres0.13
- Year Built1947
- TypeResidential Income
- Sub-TypeApartment
- StatusActive Under Contract
Community Information
- Address600 E 87th
- Area699 - Not Defined
- CityLos Angeles
- CountyLos Angeles
- Zip Code90002
Amenities
- Parking Spaces5
- ParkingOn Site, Paved
- GaragesOn Site, Paved
- PoolNone
Interior
- # of Stories1
- StoriesOne
Exterior
Lot Description
ZeroToOneUnitAcre, Street Level
Additional Information
- Date ListedOctober 16th, 2025
- Days on Market66
Listing Details
- AgentWilliam Mulkey
- OfficeTR Wealth Management Inc.
Price Change History for 600 E 87th, Los Angeles, (MLS® #SB25238693)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
William Mulkey, TR Wealth Management Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of December 23rd, 2025 at 6:26pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.