The 12th Los Angeles Film Critics Association Awards were announced on 13 December 1986 and given on 29 January 1987.^[1]

• Best Picture:
  • Hannah and Her Sisters
  • Runner-up: Blue Velvet

• Best Director:
  • David Lynch – Blue Velvet
  • Runner-up: Woody Allen – Hannah and Her Sisters

• Best Actor:
  • Bob Hoskins – Mona Lisa
  • Runner-up: Dexter Gordon – Round Midnight

• Best Actress:
  • Sandrine Bonnaire – Vagabond (Sans toit ni loi)
  • Runner-up: Marlee Matlin – Children of a Lesser God

• Best Supporting Actor:
  • Dennis Hopper – Blue Velvet and Hoosiers
  • Runner-up: Michael Caine – Hannah and Her Sisters

• Best Supporting Actress (tie):
  • Cathy Tyson – Mona Lisa
  • Dianne Wiest – Hannah and Her Sisters

• Best Screenplay:
  • Woody Allen - Hannah and Her Sisters
  • Runner-up: David Lynch – Blue Velvet

• Best Cinematography:
  • Chris Menges – The Mission
  • Runner-up: Bruno de Keyzer - Round Midnight

• Best Music Score:
  • Herbie Hancock and Dexter Gordon – Round Midnight
  • Runner-up: Ennio Morricone - The Mission

• Best Foreign Film:
  • Vagabond (Sans toit ni loi) • France
  • Runner-up: My Beautiful Laundrette • UK

• Experimental/Independent Film/Video Award (tie):
  • Jonas Mekas – He Stands in the Desert Counting the Seconds of His Life
  • Nina Menkes – Magdalena Viraga

• New Generation Award:
  • Spike Lee – She's Gotta Have It

• Career Achievement Award:
  • John Cassavetes

• Special Citation:
  • Precious Images
  • Rafigh Pooya