623 E 87TH ST LOS ANGELES CA 90002
4 units - four studios,
Marketing description
Excellent Residential Income Opportunity! 623 E 87th Street is a four-unit apartment property totaling approximately 1,260 sqft and consisting of four studio units, offering an attractive investment opportunity with income producing potential. The property features four covered carport parking spaces and low maintenance that appeal to a wide range of tenants. Conveniently located in LA with easy access to major transportation corridors, shopping centers, schools, dining, and neighborhood amenities.
Investment highlights
623 E 87th Street, LA presents a small multifamily investment opportunity in South LA, offering immediate rental income, long-term upside, and multiple vale possibilities. This property consists of 4 income producing units, including four studio units, creating a rental mix that appeals to both investors and owners. With existing tenants in place, the property provides current cash flow while offering meaningful upside through future rent adjustments. Currently monthly gross income totals approximately $2,730, with rents below market levels. Based on estimated market rents of $1,250 for each unit, the property has potential monthly income of approximately $5,000, representing a strong opportunity for future income growth.
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