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1616 E 87Th St, Los Angeles, CA 90002
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1616 E 87Th St Los Angeles, CA 90002

$665,000 Sold Price as of 04/17/2023
  • 5 Beds
  • 3.5 Baths
  • 1,732 Sq.Ft.
Sold
$665,000 Sold Price as of 04/17/2023 Refinance Your Mortgage
Map preview of 1616 E 87Th St, Los Angeles, CA 90002

Property Overview: 1616 E 87Th St Los Angeles, CA has 5 bedrooms, 3.5 bathrooms, 1,732 living square feet and 5,660 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investor special! Live in one unit, and rent the other one, with excellent income potential at an amazing price. Separate Gas and Electric meters. Long driveway with room for extra parking, along with a gated driveway. Two structures on the lot, with the front home being a 3 bedroom and 1.5 bathroom with indoor laundry and a detached unit in the back with 1 bedroom and 1 bathroom. Bring your paintbrush tap into the huge upside potential this investment has to offer! Subject to cancelation of current escrow.

Listed by Daryl Owen | BRE #01727084 | Nationwide Real Estate Execs
Co-listed by Babak Badiian | BRE #01993555 | Nationwide Real Estate Execs
Last checked: 7 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 104

Home details

Lot Sq. Ft
5,660
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW22119577
City
Los Angeles
County
Los Angeles
Time on Site
704 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,305
  • Total Rent: $1,305
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $68,400
  • Net Operating Income: $44,670
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $23,730
  • Electric: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1616 E 87Th St

Interior Features
Laundry Information
  • None, In Kitchen
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway, Gated
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 6044002019
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: : Firestone Blvd and Compton Ave
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1616 E 87Th St

Last sold for $665,000 on April 17th, 2023

  • April, 2023

  • Apr 17, 2023

    Date

    Sold

    CRMLS: PW22118453

    $665,000

    Price

  • Jun 4, 2022

    Date

    Active

    CRMLS: PW22118453

    $629,880

    Price

  • Listing provided courtesy of CRMLS

  • April, 2023

  • Apr 17, 2023

    Date

    Sold

    CRMLS: PW22119577

    $665,000

    Price

  • Jun 4, 2022

    Date

    Active

    CRMLS: PW22119577

    $629,880

    Price

Show More

Tax History for 1616 E 87Th St

Assessed Value (2020): $23,028
Year Land Value Improved Value Assessed Value
2020 $10,727 $12,301 $23,028

Home Value Compared to the Market

This property vs the competition

1616 E 87Th St sold on April 17, 2023 for 45.39% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $375.22 per/sqft which puts the price per square foot 50.3% lower than the current median sale per square foot for the city of Los Angeles.

About 1616 E 87Th St

Detailed summary of property

1616 E 87Th St is a multi family that recently sold in Los Angeles, CA 90002. This multi family property offered 5 bedrooms, 3.5 bathrooms, roughly 1,732 living square feet, and sits on an approximately 5,660 square foot lot. 1616 E 87Th St was first listed on ArdentRealEstateGroup.com on June 4, 2022. The homeowner sold the property for $665,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 45.39% lower than the current median priced home. Local homes that are currently for sale include 2015 E 105th St, 7818 Avalon Blvd and 422 E. 81st Street. While the average home in Los Angeles, CA is selling in 94 days, 1616 E 87Th St has a days on market of 104 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1616 E 87Th St Los Angeles, CA 90002 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1616 E 87Th St

Public county record property details
Beds
5
Baths
3
Year built
1910
Sq. Ft.
1,732
Lot Size
5,660
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
58
APN
6044-002-019

The source for these homes facts are from public records.

90002 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$587,000
Median List Price/Sq.Ft.
$482
Median Sold Price
$595,000
Median Sold Price/Sq.Ft.
$497
Total Inventory
36
Median Sale to List Price %
101.02%
Avg Days on Market
26
Loan Type
Conventional (50%), FHA (25%), VA (0%), Cash (16.67%), Other (8.33%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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