632 E 87th Place, Los Angeles, California 90002

$550,000

Bedrooms

3

Bathrooms

2

Square Feet

1,503 sqft

City

Los Angeles

Status

Active

THIS IS A SHORT SALE SUBJECT TO THE LENDERS APPROVAL***THIS IS A GREAT HOUSE FOR AN INVESTOR OR A FAMILY LOOKING TO BUILD A RENTAL UNIT FOR INCOME; ON THIS R-2 LOT. PROPERTY NEEDS WORK AND TLC. Property will be sold AS-IS. 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. "Walk Score" is 74. "Most errands can be accomplished on foot (walkscore.com)."