2 months on rocket

Sale Pending

1525 E 87th Pl, Los Angeles, CA, 90002

$649,000

Home List Price

$7,707*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1525 E 87th Pl, Los Angeles$649,000

Buyer Closing Credits

$7,707*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1951
MLS #DW24039753
Lot Size0.13 Acres
StatusSale Pending
(Pending)

About 1525 E 87th Pl

Introducing a prime investment opportunity in Los Angeles, this meticulously maintained residential income property features three units offering desirable layouts and amenities. The front unit comprises a spacious 2-bed, 1-bath layout, while the two rear units offer cozy 1-bed, 1-bath and 2-bed 1-bath accommodations. Ample parking, a long driveway, and a large lot enhance convenience and potential. With a strong rental history and promising returns, this property presents an excellent opportunity for investors seeking a hassle-free income stream in a sought-after location. Don't miss out on this lucrative investment prospect! (This Property is part of Los Angeles County, not city!)

Property Details

Property Features

Property Information:

  • Year Built: 1951
  • Stories: 1

Listing Office:

  • Office Name: Century 21 A Better Service
  • Office Phone: (323) 326-0133
  • Listing Agent: Alberto Sanchez

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Landscaped, Rectangular Lot
  • Lot Size: 0.13 Acres

School Info

Assigned Schools Information:

  • John C. Fremont Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Charles Drew Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Russell Elementary School, Public Magnet Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Off of Compton Ave & 87th Pl.

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,000

Tax Information:

  • Annual Amount: $4,337
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

1525 E 87th Pl vs Los Angeles

61 DAYS ON ROCKET

+27 Days

$649,000

-$326.9K Less

KEY TAKEAWAY

This property is $326.9K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #DW24039753

Listing Office:

  • Office Name: Century 21 A Better Service
  • Office Phone: (323) 326-0133
  • Listing Agent: Alberto Sanchez

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 5:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 08, 2010Home Sold
$210,000
Jan 17, 2006Home Sold
$510,000
Aug 09, 2004Home Sold
$350,000
Jul 26, 2001Home Sold
$155,500
Feb 18, 2000Home Sold
$158,303
Mar 18, 1998Home Sold
$150,000
Jun 27, 1997Home Sold
$76,000
Dec 10, 1990Home Sold
$152,000
Feb 01, 1990Home Sold
$129,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,337$250,420
2020$4,224$247,853
2019$4,131$242,994
2018$4,059$238,231
2017$4,059$233,561

History based on county public records data.

Payment Calculator

$3,307

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,012

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2888298
6
/10

  • Russell Elementary School

  • 1263 Firestone Blvd

  • 0.32 miles

  • Public Magnet Grades KG-6

school-card-donut-2888299
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 10.34 miles

  • Public Magnet Grades KG-6

school-card-donut-2888300
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 17.13 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-2888301
2
/10

  • Charles Drew Middle School

  • 8511 Compton Ave

  • 0.15 miles

  • Public Magnet Grades 6-8

school-card-donut-2888302
4
/10

  • Studio

  • 2211 W Avenue 30

  • 10.05 miles

  • Public District Grades 6-8

High School

school-card-donut-2888303
2
/10

  • John C. Fremont Senior High School

  • 7676 S San Pedro St

  • 1.50 miles

  • Public Magnet Grades 9-12

school-card-donut-2888304
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 5.75 miles

  • Public Magnet Grades 9-12

school-card-donut-2888305
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 21.70 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,632. The most common annual income of people living in Los Angeles, CA is less than $35k. Most families are married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90002›1525 E 87th Pl

This home is located at 1525 E 87th Pl in Los Angeles, CA and zip code 90002 in the South LA neighborhood. This home, which was built in 1951, sits on a 0.13 acre lot. It has been listed on Rocket Homes since February 27, 2024 and is currently priced at $649,000.

Over 628 listings were sold over their listed price in March 2024 in Los Angeles, CA. In the same period over 579 listings were sold below the listed price and 196 listings were sold for the listed price. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. In March 2024 median list price was $975,970 and the average listing age was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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