Welcome to this charming triplex located at 1501 W. 87th St. in the desirable Gramercy Park area of Los Angeles. This well-appointed property features a spacious three-bedroom, two-bathroom front house, perfect for comfortable family living. At the rear, you'll find two separate one-bedroom, one-bathroom units, ideal for rental income or extended family accommodation.The property boasts a generous 2,861 square feet of living space, all situated on a sizable 6,802 square-foot corner lot, providing ample outdoor space and privacy. A three-car garage offers plenty of parking and storage options.Centrally located, this triplex provides convenient access to public transportation and nearby shopping, making it an excellent choice for those seeking a blend of comfort, functionality, and accessibility in a vibrant neighborhood. Don't miss the opportunity to own this versatile property in Gramercy Park!
For sale
Price cut: $50K (6/5)
$950,000
1501 W 87th St, Los Angeles, CA 90047
5beds
4baths
2,861sqft
:
Get pre-qualified$6,432/mo
Multi Family
Built in 1954
-- sqft lot
$931,400 Zestimate®
$332/sqft
$-- HOA
What's special
- 60 days |
- 213 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Anna Moore DRE # 00918116 323-481-4164,
Wall Street Realty 424-309-9515
Source: CLAW,MLS#: 26838321
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Wall
Cooling
- None
Appliances
- Laundry: Gas Dryer Hookup
Features
- Ceiling Fan(s)
Interior area
- Total structure area: 2,861
- Total interior livable area: 2,861 sqft
Property
Parking
- Parking features: Garage - 3 Car
- Has garage: Yes
Features
- Levels: Two
Lot
- Size: 6,799 Square Feet
Details
- Additional structures: Other
- Parcel number: 6037001045
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1954
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $332/sqft
- Tax assessed value: $375,329
- Annual tax amount: $5,012
- Date on market: 5/25/2026
Estimated market value
$931,400
$885,000 - $978,000
$2,562/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Price change | $950,000-5%$332/sqft |
Source:  CLAW #26838321 Report a problem | ||
| 5/25/2026 | Listed for sale | $1,000,000+257.1%$350/sqft |
Source: CLAW #26838321 Report a problem | ||
| 5/18/2001 | Sold | $280,000$98/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,012 +1.9% | $375,329 +2% |
| 2024 | $4,916 +1.7% | $367,971 +2% |
| 2023 | $4,832 +4.5% | $360,757 +2% |
| 2022 | $4,625 +1.6% | $353,684 +2% |
| 2021 | $4,553 -0.9% | $346,750 +1% |
| 2020 | $4,594 | $343,195 +2% |
| 2019 | $4,594 +6.2% | $336,466 +2% |
| 2018 | $4,324 | $329,869 +2% |
| 2017 | $4,324 +2% | $323,402 +2% |
| 2016 | $4,237 +3% | $317,062 +1.5% |
| 2015 | $4,115 +0.5% | $312,301 +2% |
| 2014 | $4,093 | $306,185 +4.5% |
| 2011 | -- | $292,969 +0.8% |
| 2010 | -- | $290,780 -0.2% |
| 2009 | -- | $291,472 +4% |
| 2007 | -- | $280,156 +2% |
| 2006 | -- | $274,664 |
| 2005 | -- | $274,664 +4% |
| 2004 | -- | $264,000 -9.4% |
| 2003 | -- | $291,312 +2% |
| 2002 | -- | $285,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Los Angeles
Nearby schools
GreatSchools rating
- 2/10La Salle Avenue Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Horace Mann Ucla CommunityGrades: 6-12Distance: 1.3 mi
- 3/10George Washington Preparatory High SchoolGrades: 9-12Distance: 1.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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