632 E 87th Place, Los Angeles, CA 90002 (MLS # SR25223729)
First Time on the Market in Over 50 Years! This rare opportunity offers tremendous potential for investors and first-time buyers looking for a project. Situated on a flat, R2-zoned lot of over 5,300 sq ft, this property allows for the development of a 2 units plus an additional ADU (please verify with LADBS)"”perfect for generating future income or expanding your living space. The existing home spans over 1,500 sq ft and features 3 spacious bedrooms and 2 bathrooms. One bedroom is currently being used as a living area, providing flexible layout options. Additional highlights include an indoor laundry room, bonus office space, and an extra-long paved driveway offering ample parking. Enjoy a fully fenced, oversized backyard"”ideal for privacy, entertaining, or relaxation. Centrally located with quick access to public transportation, the 110 and 105 freeways, Downtown LA, USC, USC Medical Center, the KIA Forum, SoFi Stadium, Intuit Dome, and LAX. Also close to Green Meadows Recreation Center, numerous K-12 schools, supermarkets, and the world-famous Roscoe's Chicken & Waffles. With the 2028 LA Olympics on the horizon, now is the perfect time to invest in this promising property! Special financing maybe available for qualified buyers such as low down payment, no PMI, or credits to closing costs.
|
DAYS ON MARKET
|
26
|
LAST UPDATED
|
10/17/2025
|
|
YEAR BUILT
|
1923
|
COMMUNITY
|
C37 - Metropolitan South
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Single Family
|
|
|
|
Prior to Oct 17, '25
|
$700,000
|
| Oct 17, '25 - Today |
$600,000 |
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AREA |
C37 - Metropolitan South |
| INTERIOR |
Ceiling Fan(s), Master Downstairs |
| LOT |
5323 sq ft |
| LOT DESCRIPTION |
Back Yard, Front Yard |
| PARKING |
Concrete, Gated, Off Street, Oversized, RV Access/Parking |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
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Listed with Equity Union
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/22/25 5:08 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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