About 600 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.
Features of 600 87th
| MLS® # | SB25238693 |
|---|---|
| Price | $599,999 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Acres | 0.13 |
| Year Built | 1947 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 600 87th |
|---|---|
| Area | 699 - Not Defined |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90002 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Parking | On Site, Paved |
| Garages | On Site, Paved |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Lot Description | ZeroToOneUnitAcre, Street Level |
|---|
Additional Information
| Date Listed | October 16th, 2025 |
|---|---|
| Days on Market | 17 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | William Mulkey |
|---|---|
| Office | TR Wealth Management Inc. |