Income Triplex with Parking
213 E 87th Pl Los Angeles, CA 90003
213 E 87th Pl, Los Angeles, CA, 90003
$739,000
For Sale
$739,000
Triplex with three units, including one vacant move-in ready unit and a lot with parking.
Property Size2,723 SF
Lot Size0.14 Acres
Price / SF$271.39
Days on Market110
Property Features for 213 E 87th Pl
General Information
- Standard status
- Active
- Size
- 2,723 SF
- Lot size
- 0.14 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1927
Listing agency
(714) 883-7270
Listed by
Chris Barker
Source
Elliman
Added: Apr 4 Updated: Jul 21 at 2:50AM Checked: Jul 21 at 2:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chris Barker
Investment Insights
Based on property information with market context.
This triplex includes three residential units totaling 2,723 square feet of livable space. Unit 213 is a 2 bed, 1 bath. Unit 215 is a 3 bed, 1 bath and is currently vacant and move-in ready. Unit 217 is a 3 bed, 2 bath and Units 213 and 217 are leased to long-term tenants.
The property sits on a 6,272 square foot lot with a large parking lot and potential for an ADU. It is located near Manchester Blvd and the 110 Freeway, close to schools, shopping, and entertainment. The property is zoned R3.
The property sits on a 6,272 square foot lot with a large parking lot and potential for an ADU. It is located near Manchester Blvd and the 110 Freeway, close to schools, shopping, and entertainment. The property is zoned R3.
Key Highlights
- Triplex built in 1927 with 3 units and 2,723 sq ft of livable space on a 6,272 sq ft lot
- Unit mix: 213 (2 bed/1 bath), 215 (3 bed/1 bath, vacant and move‑in ready), and 217 (3 bed/2 bath)
- Units 213 and 217 have steady long‑term tenants
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.9k | $33.00 |
| − Vacancy | −$1.8k | −$0.66 |
| EGI | $88.1k | $32.34 |
| − OpEx | −$26.4k | −$9.70 |
| NOI | $61.6k | $22.64 |
2,723 SF · lease $33.00/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$48.14M
$42.12M – $56.16M
NOI $3,369,860 @ 7.0% cap · market cap 456.00%
Second Best
Multifamily LT 5
$880.6K
$770.5K – $1.03M
NOI $61,643 @ 7.0% cap · market cap 8.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex with three units, including one vacant move-in ready unit and a lot with parking.
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 $739,000.
What are key features of this property?
This property features: Triplex built in 1927 with 3 units and 2,723 sq ft of livable space on a 6,272 sq ft lot; Unit mix: 213 (2 bed/1 bath), 215 (3 bed/1 bath, vacant and move‑in ready), and 217 (3 bed/2 bath); Units 213 and 217 have steady long‑term tenants
