John E Burge

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235 E 87th StreetLos Angeles, CA 90003

Multi-Family · 4,320 Sq. ft. | 0.17 Acres
$1,135,000 Active

235 E 87th Street Overview

Time on Site:
127 days
Visits:
0

Excellent investment opportunity in the highly desirable Metropolitan South area of Los Angeles! This 6-unit apartment complex features six spacious 2-bedroom, 1-bathroom units, with three units located downstairs and three units upstairs, offering a well-balanced and functional layout. The property provides ample on-site outdoor parking for up to 12 vehicles, a rare and valuable amenity for the area. An exterior electric gate adds an extra layer of security and privacy for tenants. All units are currently tenant-occupied, offering immediate rental income for the next owner. Conveniently located near the 110 Freeway, the property offers easy access for commuters and is just minutes from a wide variety of retail stores, restaurants, and everyday conveniences. This centrally located asset presents strong long-term upside potential in one of Los Angeles’ steadily growing rental markets. A fantastic opportunity to own a well-positioned multi-unit property in the heart of Los Angeles.

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235 E 87th Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,320
  • Price/Sq.ft. $263
  • Lot 0.17 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: Community Apartment

Income/Expenses

  • Gross Income: 84192.0
  • Gross Scheduled Income: 84192.0
  • Insurance Expense: 4000.0
  • Net Operating Income: 68888.0
  • Operating Expense: 15304.0
  • Trash Expense: 5304.0
  • Water Sewer Expense: 6000.0

Listing Information

  • Contingency: Seller will be utilizing 1031 Exchange with this sale

Building Information

  • New Construction: No
  • Year Built: 1965

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C37 - Metropolitan South
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Suburban

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Submit
  • Parcel Number: 6041016012
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 4320.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: Unit # door
  • Laundry Features: None
  • Stories Total: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.1743
  • Lot Size Area: 7593.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7593.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Total: 6
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

235 E 87th Street Neighborhood

Community

90003 (Los Angeles) Demographics

29
Median Age
20,870
Population Density (per sq. mile)
10%
College Educated
$42,220
Estimated Median Income
4,717
Estimated Total Home Owners
12,825
Estimated Total Renters
27% / 73%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

235 E 87th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

235 E 87th Street Market Data

Based on the last 30 days in this zip code

$629,258
Average List Price
$499
Average Price per Square Foot
19
Properties Sold
133
Average Days on Market
145
Properties for Sale
Calculations provided by Reliance Network

235 E 87th Street History

Date Event Value Agent
5/5/2026Source: CRMLS Price Reduction
$1,135,000 -5.3%
4/19/2026Source: CRMLS Price Reduction
$1,199,000 -4.1%
3/20/2026Source: CRMLS Price Reduction
$1,250,000 -3.8%
2/22/2026Source: CRMLS Added to Database
February 22, 2026
Listing provided courtesy of Real Brokerage TechnologiesOmar Alfaro- MLS# HD26039238MLS ProviderContact Information: [email protected] - 855-450-0442
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