619 E 87th St
Investor Opportunity in Los Angeles
Marketing description
619 E 87th St is a well-positioned income property offering strong rental upside and long-term investment potential in the heart of South LA. This multi-unit property features 3 separate rental units, including two 1-bedroom units and a detached 2-bedroom house. Currently rents are below projected market levels. Conveniently located near major transportation corridors, schools, shopping, and employment centers, 619 E 87th St provides easy access to Downtown LA, South Gate, Inglewood, and surrounding communities. Whether you are a seasoned investor or looking to expand your real estate portfolio, this property offers a combination of income, location, and upside.
Investment highlights
619 E 87th Street is small multifamily, investment opportunity in South Los Angeles, offering immediate rental income, long-term upside, and multiple value-add possibilities for the right buyer.
This property consists of three income-producing units, including two one-bedroom units and one two-bedroom house. With existing tenants in place, the property provides current cash flow while also offering meaningful upside through future rent adjustments, improved operations, and continued neighborhood demand.
Currently monthly gross income totals approximately $3,690, with rent below market levels. Based on estimated market rents of $1,450 for each one-bedroom unit and $2,300 for the two-bedroom house, the property has potential stabilized monthly income of approximately $5,200, representing a strong opportunity for future income growth.
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