Residential Income Opportunity: 623 E 87th Street: 4-unit Los Angeles property, 100% occupied, significant loss-to-lease / rental upside - four separately metered units, four parking spaces. All tenants are on month-to-month. This property is conveniently located in Los Angeles with easy access to major transportation corridors, shopping centers, schools, dining, and everyday neighborhood amenities, offering both convenience and long-term investment appeal.
For sale
Price cut: $30K (7/21)
$580,000
623 E 87th St, Los Angeles, CA 90002
--beds
4baths
1,260sqft
Multi Family
Built in 1947
-- sqft lot
$581,700 Zestimate®
$460/sqft
$-- HOA
What's special
- 73 days
- 251
- 17
Zillow last checked:
Listing updated:
Listed by:
Brenda Ashby DRE # 01700249 310-488-2592,
JohnHart Corp. 818-246-1099
Source: CLAW,MLS#: 26848553
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
Bathroom
- Features: Shower Over Tub
Kitchen
- Features: Counter Top
Heating
- Wall
Cooling
- Wall Unit(s)
Appliances
- Included: No Cooking Appliances, Refrigerator, Gas Water Heater
- Laundry: None
Features
- Ceiling Fan(s)
- Flooring: Wood, Linoleum
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,260
- Total interior livable area: 1,260 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, Detached Carport
- Carport spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: One
- Entry location: Living Room
- Patio & porch: None
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City
- Waterfront features: None
Lot
- Size: 5,201 Square Feet
- Features: 2-4 Lots, Sidewalks, City Lot
Details
- Additional structures: None
- Parcel number: 6042001020
- Zoning: LAR2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family
Materials
- Stucco
- Foundation: Slab
- Roof: Asphalt
Condition
- Repair Cosmetic
- Year built: 1947
Utilities & green energy
- Sewer: In Street
- Water: Public
- Utilities for property: Sewer Available
Community & HOA
Community
- Security: None
HOA
- Amenities included: None
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $460/sqft
- Tax assessed value: $181,913
- Annual tax amount: $3,050
- Date on market: 6/17/2026
- Total actual rent: 2730
- Tenant pays: Electricity, Cable TV, Gas, Move In Fee
- Road surface type: Alley Paved, Paved
Estimated market value
$581,700
$553,000 - $611,000
$3,183/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2026 | Price change | $580,000-4.9%$460/sqft |
Source: JohnHart Real Estate #26848553 Report a problem | ||
| 6/17/2026 | Listed for sale | $610,000+329.6%$484/sqft |
Source: JohnHart Real Estate #26848553 Report a problem | ||
| 4/20/2011 | Sold | $142,000$113/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $185,551 +2% |
| 2025 | $3,051 +1.8% | $181,913 +2% |
| 2024 | $2,998 +1.7% | $178,348 +2% |
| 2023 | $2,948 +3.9% | $174,852 +2% |
| 2022 | $2,837 +1.4% | $171,424 +2% |
| 2021 | $2,797 -0.7% | $168,063 +1% |
| 2020 | $2,815 | $166,341 +2% |
| 2019 | $2,815 +7.5% | $163,081 +2% |
| 2018 | $2,619 | $159,885 +2% |
| 2017 | $2,619 +2.3% | $156,751 +2% |
| 2016 | $2,561 +2.8% | $153,678 +1.5% |
| 2015 | $2,492 +0.7% | $151,371 +2% |
| 2014 | $2,474 | $148,406 +2.5% |
| 2012 | -- | $144,840 +15% |
| 2011 | -- | $125,940 +302.5% |
| 2010 | -- | $31,291 -0.2% |
| 2009 | -- | $31,366 +2% |
| 2008 | -- | $30,751 +2% |
| 2007 | -- | $30,149 +2% |
| 2006 | -- | $29,558 |
| 2005 | -- | $29,558 +4% |
| 2004 | -- | $28,413 +1.9% |
| 2003 | -- | $27,893 +2% |
| 2002 | -- | $27,347 +4% |
| 2000 | -- | $26,287 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Southeast Los Angeles
Nearby schools
Schools provided by the listing agent
- District: Los Angeles Unified
Source: CLAW. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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