902 E 87Th Pl, Los Angeles, CA 90002
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902 E 87Th Pl Los Angeles, CA 90002

$650,000 Sold Price as of 05/16/2024
  • 4 Beds
  • 3 Baths
  • 1,878 Sq.Ft.
Sold
$650,000 Sold Price as of 05/16/2024 Refinance Your Mortgage

Map preview of 902 E 87Th Pl, Los Angeles, CA 90002

Property Overview: 902 E 87Th Pl Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,878 living square feet and 5,298 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to an amazing opportunity to own a triplex with tons of upside located in the heart of Los Angeles! Upon arrival, you will be greeted by a well-manicured front lawn that is surrounded by lush greenery. This property offers a tremendous amount of charm and original character. First time on the market in more than 50 years, this well-maintained triplex is perfect for an owner user looking to live in one unit while renting out the other two units, or a savvy investor. This multi-unit property consists of (One) 2-bedroom, 1-bathroom front house and (Two) 1-bedroom, 1-bathroom side-by-side, detached rear units. The one-bedroom units have identical floor plans that include spacious living rooms that flow seamlessly into the cozy kitchen and dining areas. Flooded with natural light from the large windows throughout, both units offer large bedrooms with generous closet space. You'll find spacious bathrooms in both units equipped with new tile in the shower. Other notable features include wall heaters (in both one-bedrooms), a washer and dryer in the front unit, fresh paint inside, new carpet in both one-bedroom units and new tile flooring in the kitchen and bathroom in the first one-bedroom unit behind the front house. The front house comes with its own two-car garage and each unit has separate utility meters. Enjoy a cozy backyard that can be accessed by all three units and is perfect for intimate year-round gatherings with friends and family. This property is located within close proximity to parks, schools, public transit and major freeways. With vision and a little creativity, you can turn this into the property of your dreams! Don't miss this fantastic opportunity to own a property that offers so much potential!

Listed by Roderick Elzy | BRE #01995523 | Coldwell Banker Realty
Last checked: 14 minutes ago | Last updated: May 16th, 2024 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
5,298
HOA Dues
$0/mo
Year built
1949
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
24374715
City
Los Angeles
County
Los Angeles
Time on Site
170 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $866
  • Total Rent: $866
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $20,258
  • Gross Operating Income: $25,992
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $1,258
  • Gardener: $960
  • Insurance: $2,076
  • Water/Sewer: $1,440

Property Details for 902 E 87Th Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace, Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, In Garage
Room Information
  • Flooring: Carpet
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Two Door, Street
Property Information
  • No View
  • View: None
  • Total # of Units: 3
  • Parcel Number: 6042025019
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Century Blvd., South of Manchester Ave., West of Central Ave and East of Avalon Blvd.
View more facts & features

Local Los Angeles Agent

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Sale History for 902 E 87Th Pl

Last sold for $650,000 on May 16th, 2024
  • May, 2024

  • May 16, 2024

    Date

    Sold

    CRMLS: 24374715

    $650,000

    Price

  • Apr 1, 2024

    Date

    Active

    CRMLS: 24374715

    $615,000

    Price

Tax History for 902 E 87Th Pl

Assessed Value (2020): $51,045
Year Land Value Improved Value Assessed Value
2020 $15,661 $35,384 $51,045

Home Value Compared to the Market

This property vs the competition

902 E 87Th Pl sold on May 16, 2024 for 45.09% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $327.48 per/sqft which puts the price per square foot 54.77% lower than the current median sale per square foot for the city of Los Angeles.

About 902 E 87Th Pl

Detailed summary of property

902 E 87Th Pl is a multi family that recently sold in Los Angeles, CA 90002. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 1,878 living square feet, and sits on an approximately 5,298 square foot lot. 902 E 87Th Pl was first listed on ArdentRealEstateGroup.com on April 1, 2024. The homeowner sold the property for $650,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 45.09% lower than the current median priced home. Local homes that are currently for sale include 9614 Graham Ave, 9500 S Spring St and 9500 S Spring St. While the average home in Los Angeles, CA is selling in 106 days, 902 E 87Th Pl has a days on market of 11 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 902 E 87Th Pl 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 902 E 87Th Pl

Public county record property details
Beds
4
Baths
3
Year built
1949
Sq. Ft.
1,878
Lot Size
5,298
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
353
APN
6042-025-019

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
$580,000
Median List Price/Sq.Ft.
$555
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$514
Total Inventory
43
Median Sale to List Price %
103.45%
Avg Days on Market
13
Loan Type
Conventional (50%), FHA (40%), VA (0%), Cash (10%), Other (0%)

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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.