1242 E 87th Place
Los Angeles, CA, 90002
$699,000
MLS: RS25177519
Beds
3
Baths
2
Sq Ft
1,026
Lot
0.12 ac
Year Built
1927
MLS #
RS25177519
Days on Market
75
Listed
Aug 27, 2025
Description
Welcome to 1242 E 87th Place, a beautifully fully renovated 3-bedroom, 2-bath home in the heart of Los Angeles. This stunning property offers a bright open floor plan, modern finishes, and thoughtful upgrades throughout. The spacious living area flows seamlessly into a brand-new kitchen featuring stylish cabinetry, quartz countertops, and stainless steel appliances. Each bedroom is generously sized, and the bathrooms have been tastefully updated with designer tile and fixtures. In addition to the main home, there is an unpermitted 1-bedroom, 1-bath space in the rear, providing excellent potential for a guest suite, home office, or future ADU conversion (buyer and buyer’s agent to perform their own due diligence regarding permits, zoning, and use). Seller is open to receiving offers and scheduling showings for interested buyers. Conveniently located near major freeways, schools, shopping, USC, Sofi Stadium, and just minutes from Downtown Los Angeles. Don’t miss this move-in ready home with investment potential in a rapidly developing neighborhood! A long gated driveway offers ample parking, and the front yard is ready for your landscaping vision. Conveniently located near schools, shopping centers, and freeway access.
Location
Los Angeles, Los Angeles County, CA 90002
Open on Google Maps ↗Listed by: Jorge Serna · Realty Executives All Cities
Payment estimate
$5,156
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $69,900 · Loan: $629,100
- Principal & Interest
- $3,865
- Property tax (1.25%)
- $728
- Homeowners insurance
- $300
- Mortgage insurance
- $262
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $24,465 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Los Angeles, CA 90002 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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