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1616 E 87th Street

Los Angeles, CA 90002
  • $850,000
  • STATUS: ACTIVE
  • ON SITE: 108 Days
  • ID#: TR25025225
UPDATED: 28 min ago
$850,000
  • 3
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

!!!!!!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 owners 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. !!!!!!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 owners 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.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/161061846
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1616 E 87th Street Los Angeles, CA 90002

  • Price: $850,000
  • Status: ACTIVE
  • On Site: 108 Days
  • Updated: 28 min ago
  • ID#: TR25025225
3
Beds
0
Baths
0
½ Baths
0.13
Acres
Neighborhood:
Los Angeles (90002)
County:
Los Angeles
Area:
Los Angeles (90002)
Property Description
!!!!!!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 owners 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. !!!!!!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 owners 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.
Exterior Features

Pool N/K

Interior Features

Total Baths Unit1 1 Total Baths Unit2 1

Property Features

Annual Expense Actual 3800 Buildings 2 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 7200 Terms ConventionalFHALand Contract Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 2700.0 Unit2 Rent Actual 2500.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Vincent Perez of New Century Homes: 626-255-4176. Listing information © 2025 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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