600 E 87th, Los Angeles, CA 90002

• 1,872 sqft

Property Description

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.

Listing Status:

Active

Date Added:

October 18, 2025 at 05:00AM

Listing Office:

TR Wealth Management Inc. : 310-316-1014

Listing Agent:

William Mulkey : 310-919-7554

MLS ID:

CRSB25238693

Interior

• Laundry: No Hookups

Exterior

• Parking: Other

Location

• HOA Amenities: 0.0
• County: Los Angeles

Lot

• Zoning: 6042004015

This listing courtesy of William Mulkey, TR Wealth Management Inc.