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600 E 87th St
Los Angeles, CA 90002
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Corner lot near Manchester Ave and 110 Freeway
- Individual electrical sub-panels per unit
- Surrounded by revitalizing neighborhoods and retail
- Fully occupied with long-term tenants
- Gated parking for added tenant security
- Immediate cash flow with 4.1% cap rate
EXECUTIVE SUMMARY
Unlock the potential of this prime 5-unit apartment complex, ideally positioned on a corner lot near Manchester Avenue and the 110 Freeway. With unbeatable access to downtown Los Angeles, LAX, and key transit corridors, this location is a magnet for renters seeking convenience and connectivity. All five units are currently occupied by long-term tenants, offering immediate and reliable cashflow. Recent upgrades include individual electrical sub-panels for each unit—boosting safety, efficiency, and compliance with modern standards. Tenants enjoy gated parking for added security and ease , while the surrounding neighborhood continues to benefit from on going revitalization efforts. Just minutes from popular dining spots, grocery stores, and retail centers, this property sits at the heart of a thriving rental market. Whether you're a seasoned investor or entering the multifamily space, this is a rare opportunity to acquire a stabilized asset in one of L.A.’s most dynamic growth zones. Don’t miss your chance to capitalize on location, income, and long-term upside.
PROPERTY FACTS
| Price Per Unit | $120,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.10% | Lot Size | 0.13 AC |
| Gross Rent Multiplier | 13.97 | Building Size | 5,000 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | Parking Ratio | 2.67/1,000 SF |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| Gross Rent Multiplier | 13.97 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,000 SF |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 2.67/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
PROPERTY TAXES
| Parcel Number | 6042-004-015 | Improvements Assessment | $232,114 |
| Land Assessment | $232,114 | Total Assessment | $464,228 |
PROPERTY TAXES
Parcel Number
6042-004-015
Land Assessment
$232,114
Improvements Assessment
$232,114
Total Assessment
$464,228
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