Excellent Residential Income Opportunity! 623 E. 87th Street is a four-unit apartment property totaling approximately 1,260 square feet and consisting of four studio units, offering an attractive investment opportunity with income-producing potential. The property features four covered carport parking spaces and low-maintenance studio layouts that appeal to a wide range of tenants. Conveniently located in Los Angeles with easy access to major transportation corridors, shopping centers, schools, dining, and neighborhood amenities. Whether you're an investor seeking to expand your portfolio or looking for a multi-unit property with long-term upside, this well-located income property presents an exceptional opportunity.
Listed by Brenda Ashby
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License #01700249
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JohnHart Corp.
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310-488-2592
Last updated June 17, 2026
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Source: CRMLS #26848553
Listing Facts
TypeMulti-family
NeighborhoodGreen Meadows
Days on PrevuNew Today
Size1,260 sqft
Price per sqft$484
Amenities
Private Outdoor Space
Parking
Location
Mortgage Calculator
Listing History
06/17/2026
Listed by JohnHart Corp.
$610,000
Property Details for 623 E 87th Street
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Property Condition: Repairs Cosmetic
Stories: 1
Year Built: 1947
Architectural Style: Bungalow
Common Walls: 1 Common Wall
Construction Materials: Stucco
Entry Level: 1
Entry Location: Living Room
Features
Direction Faces: West
View: City Lights
Measurements
Building Area Total: 1,260
Lot Size Acres: 0.11
Lot Size Area: 5,200
Lot Size Source: Assessor
Lot Size Square Feet: 5,200
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 3.9
Gross Income: $32,760.00
Taxes
Parcel Number: 6042001020
Interior
Features
Appliances: Refrigerator
Flooring: Wood
Interior Features: Ceiling Fan(s)
Measurements
Living Area: 1,260
Living Area Source: Assessor
Rooms
Bathrooms Total Integer: 4
Parking
Parking
Carport Spaces: 4
Carport: Yes
Parking Features: Carport, Detached Carport
Parking Total: 4
Schools
High School
High School District: Los Angeles Unified
Utilities
Equipment
Heating: Wall Furnace
Has Heating: Yes
Sewer: Other
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 623 E 87th Street.
Does this multi-family home have parking?
Yes, there are 4 parking spaces available for 623 E 87th Street.
How does 623 E 87th Street compare to other multi-family homes in Green Meadows?
This multi-family home is listed 41% below the average price for multi-family homes in Green Meadows and has been on the market for 119 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 1,260 sqft.
623 E 87th Street is a -bedroom multi-family home for sale in Los Angeles CA 90002. On Prevu for 0 days at $610,000. This home features 1,260 square feet of living space, located in Green Meadows. The median listing price for multi-family homes in this area is $699,000. The home offers private outdoor space and parking. Browse more multi-family home listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. 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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.