Jeremiah Moersch REALTOR®
Office: 760-533-2540
1330 87th Street, Los Angeles
$790,000
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8 Beds
0 Bath
.14 Acre
0 Garage
Great investor or owner opportunity! Property comes with approved paid plans to build a rear 1,560 sqft Duplex. Current front Duplex is 1,944 sqft and currently making $4,200/m. Rear duplex once built could be bringing in $5,800/m. Total income could be $10,000/m. Property has a very large lot with plenty of parking available. All architectural, engineerings and plans have been paid, once closed you can break ground right away. Contractor bid also available for project. A great opportunity for someone looking for immediate cash flow or to own a great income producing property, built in equity and plenty of upside. Located in the up and coming desirable Westmont neighborhood. Everything is less than 20 mins from; Downtown LA, the beach, Westfield Mall, Crypto.com Center, SOFI Stadium, and LAX. This property is located in Unincorporated Los Angeles County. *Property is on LCR3 Zoning. Plans and contractor bid available upon request. Once built, completed, rented the property could be operating at 7.5 Cap!
Essential Information
- MLS® #
- SR24009893
- Price
- $790,000
- Bedrooms
- 8
- Bathrooms
- 0.00
- Acres
- 0.14
- Year Built
- 1922
- Type
- Residential Income
- Sub-Type
- Quadruplex
- Status
- Active Under Contract
Community Information
- Address
- 1330 87th Street
- Area
- C37 - Metropolitan South
- City
- Los Angeles
- County
- Los Angeles
- Zip Code
- 90044
- Community Features
- Curbs, Sidewalks
- Senior Community
- N
Amenities
- Parking
- Driveway, One Space
- Garages
- Driveway, One Space
- Pool
- None
Interior
- # of Stories
- 2
- Stories
- Two
Exterior
- Lot Description
- Back Yard, Front Yard
Additional Information
- Date Listed
- January 17th, 2024
- Days on Market
- 88
- Zoning
- LCR320U*
Listing Details
- Agent
- Jordan Davies
Office
Keller Williams Realty Calabasas
Property History
Status Changed from Active to Active Under Contract
Price Reduced from $825,000 to $790,000
Price Increased from $800,000 to $825,000
Price Reduced from $825,000 to $800,000
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 5:46am PDT. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.