Description
213 E 87th Pl, Los Angeles, CA 90003 is a well-located South LA triplex featuring three units, including one vacant unit, offering immediate cash flow and significant 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 well below market, with pro forma projections showing an 11.39% cap rate and nearly 30% cash-on-cash return, while income can increase by over 45% as units stabilize. The property is minutes from Downtown LA, USC, Inglewood, and key employment centers, with nearby parks, shopping, dining, and easy access to the 110 and 105 Freeways, Figueroa Street, Broadway, and the Metro A (Blue) Line. Ideal for both investors and owner-occupiers, 213 E 87th Pl offers a compelling value-add opportunity in a rapidly evolving South LA submarket.
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Neighborhood & Market Insights
This property is 29.0% below the current neighborhood median.
The schools block is active and ready for district, ratings, and assigned-school provider data.
41.5% modeled change across available points
- Principal and Interest
- Property Tax
- HOA fee
