$850,000

1616 E 87th St Los Angeles, CA 90002

$10,000
Closing credit¹
0.1 acres
Multi-Family

Property details

About 1616 E 87th St

!!!!!!ATTENTION!!!!!! ATTENTION!!!!!! Two houses on a lot, with approved Blue Prints to be renovated and converted into 3 Units. Currently consist of a 3 Bedroom 2 Bath front house and a 2 Bedroom 1 Bath rear house. Front house was approved by the city to be converted into 2 units, consisting of a 3 bedrooms 1 bath front unit, 1 bedroom 1 bath ADU, (Additional dwelling unit) with the third unit staying as a 2 bedrooms 1 bath. Most of the renovation work has been finished, and a good number of the conversion requirements are done, however, the general contractor die before finalizing the job. Owner acquired bids from other contractors to finish the job. However, due to unforeseen issues out of the owner’s control, they are no longer in a position to continue with the work and finalize the project. It will be up to the new owners to keep it as two units or finish the project to have one more rent.

Highlights

Home typeDuplex
StatusActive
Lot size0.13 Acres
Year built1910
MLS #TR25025225

Summary

  • MLS Number: TR25025225
  • MLS Name: CRMLS
  • Office Name: New Century Homes
  • Office Phone: (626) 255-4176
  • Listing Agent: Vincent Perez

IDX 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 broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 5:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of bungalow-style house

$850,000

1616 E 87th St

$10,000

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Apr 17, 2023
Home Sold
$665,000

Tax history

YearAssessmentProperty Tax
2024$678,300$9,322
2023$24,204$1,318
2022$23,730$1,293
2021$23,266$1,271
2020$23,028$1,249
2019$22,577$1,178
2018$22,135$1,160
2017$21,702$1,160

History based on county public records data.

Nearby schools

5

Judith F. Baca Arts Academy

Public District KG-6

0.2 mi

1536 E 89th St

5

Russell Elementary School

Public District PK-6

0.4 mi

1263 Firestone Blvd

5

Graham Elementary STEAM Academy

Public District KG-6

0.4 mi

8407 S Fir Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $31,632. Residents of Los Angeles, CA typically earn less than $<35k each year. Typical family type is married, with kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

57%
<35k
39%
35k-100k
4%
100k-200k
0%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

26%
Single, No Kids
23%
Single, with Kids
13%
Married, No Kids
38%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

23%
<11 yrs old
13%
12-17 yrs old
27%
18-34 yrs old
32%
35-64 yrs old
5%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • Ross Dress For LessRoss Dress For Less
  • Foot LockerFoot Locker
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Jack In The BoxJack In The Box
  • Little CaesarsLittle Caesars
  • White CastleWhite Castle

What do the neighbors drive?

  • NissanNissan
  • DodgeDodge
  • KiaKia

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 1616 E 87th St in Los Angeles, CA and zip code 90002 in the South LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 4, 2025 and is currently priced at $850,000.

While more than 212 listings in Los Angeles, CA in February 2025 were sold above asking price, there were more than 105 listings sold at asking price, and more than 280 were sold below. Between January and February 2025, Los Angeles, CA real estate market has seen increase in the number of listings by 10.8%. Listings spent 44 days on the market in February 2025, and had a median list price of $989,396 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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