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$715,000
Est. payment /mo
5 Beds
2 Baths
1,834 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,834 sqft
Price per Sqft $389
MLS Listing ID 25519483
Bedrooms 5
HOA Y/N No
Year Built 1918
Lot Size 6,085 Sqft
Property Description
PartnersCRE is proud to exclusively present a prime 2-Unit Residential Income Property with incredible investment potential at 1136 W 87th St, Los Angeles, CA 90044, just minutes from Downtown Los Angeles. Situated on a spacious 6,084 SF LCR320U-zoned lot, this well-maintained duplex offers an excellent opportunity for both investors and owner-occupiers. Built in 1918, the property retains its original charm while providing potential for modernization. The front unit, a 3-bedroom, 1-bathroom home, will be delivered VACANT, allowing new owners to set market rent or capitalize on Section 8 Voucher Payment Standards of up to $3,528 per month. The rear unit, a 2-bedroom, 1-bathroom home, is currently tenant-occupied, generating $1,928 per month, with the potential to increase to $2,748 under Section 8. Adding to its appeal, the property includes a detached two-car garage that will be delivered vacant. Equipped with electricity, plumbing, and sewage, the garage is perfectly suited for an ADU conversion, providing an excellent opportunity for additional rental income or personal use. The lot's size and zoning offer flexibility for future expansion or redevelopment, making it an attractive investment. Located just a short drive from SoFi Stadium and Hollywood Park, this property benefits from the rapid growth and revitalization of Inglewood's booming entertainment district. With the stadium hosting world-class concerts, major sporting events, and year-round attractions, the area continues to draw demand from renters seeking a prime location with easy access to premier amenities. Additionally, the property enjoys excellent connectivity with the 110 and 105 freeways, ensuring a seamless commute to key areas throughout Los Angeles.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Driveway
Total Parking Spaces 4
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6047004027
Special Listing Condition Standard
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Listed by Katie Munoz • Keller Williams Beverly Hills
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908