213 E 87Th Pl Los Angeles, CA 90003
Triplex with redevelopment potential in a rapidly evolving submarket.
Lot size:
0.14 AcresProperty Features for 213 E 87Th Pl
General Information
- Lot size
- 0.14 Acres
Building Details
- Year built
- 1927
Source: Lyon Stahl Investment Real Estate, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
South LA Value-Add Triplex
Located in South LA, the property at 213 E 87th Pl, Los Angeles, CA 90003 is a triplex featuring three units, including one vacant unit. The property offers immediate cash flow and rent growth potential. Situated on a 6,269 SF LAR3-zoned lot, the property provides long-term redevelopment opportunities, including ADUs or higher-density expansion. Current rents are below market, with pro forma projections showing an 11.39% cap rate and nearly 30% cash-on-cash return. Income can increase by over 45% as units stabilize. The property is located minutes from Downtown LA, USC, and Inglewood, with nearby parks, shopping, dining, and easy access to the 110 and 105 Freeways, Figueroa Street, Broadway, and the Metro A (Blue) Line. This property is suitable for investors and owner-occupiers, offering a value-add opportunity in a rapidly evolving South LA submarket.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.27117
- Latitude
- 33.95816
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Triplex with redevelopment potential in a rapidly evolving submarket.
Where is this triplex located?
The property is located at 213 E 87Th Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: - Vacant unit provides immediate cash flow and rent growth potential.; - Significant rent increase potential with current rents below market.; - **LAR3 zoning on a 6,269 SF lot allows for future redevelopment, ADUs, or expansion.**