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1149 W 88Th St, Los Angeles, CA 90044
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1149 W 88Th St Los Angeles, CA 90044

$1,170,000 Sold Price as of 10/03/2023
  • 5 Beds
  • 5 Baths
  • 2,664 Sq.Ft.
Sold
$1,170,000 Sold Price as of 10/03/2023 Refinance Your Mortgage
Map preview of 1149 W 88Th St, Los Angeles, CA 90044

Property Overview: 1149 W 88Th St Los Angeles, CA has 5 bedrooms, 5 bathrooms, 2,664 living square feet and 6,084 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 5.7 Cap | 12.5 GRM - All Section 8 tenants - Upside in Section 8 and 2 Potential Sizable ADU'sTotal Realty Group/KW Commercial DTLA is pleased to present 1149 W 88th St in south Los Angeles, a five unit multifamily property of all one bedroom units in four buildings totaling approximately 2,664 square feet. Three one bedroom units are in individual California style bungalows and two units are in the fourth building on top of a four car garage. The garage is approximately 1,050 square feet and is convertable to ADU's (buyer to verify). Property grounds look great and units in very good condition. Strong income, low operating expenses. DRIVE BY ONLY! DO NOT DISTURB TENANTS!

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Last checked: 12 minutes ago | Last updated: October 6th, 2023 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
6,084
HOA Dues
$0/mo
Year built
1941
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
23275305
City
Los Angeles
County
Los Angeles
Time on Site
472 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,658
  • Total Rent: $1,545
  • Pro Forma/Market Rent: $2,096
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,658
  • Total Rent: $1,545
  • Pro Forma/Market Rent: $2,096
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,638
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,096
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,658
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $2,096
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,725
  • Total Rent: $1,545
  • Pro Forma/Market Rent: $2,096
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.3%
  • Gross Rent Multiplier: 11.74
  • Gross Scheduled Income: --
  • Net Operating Income: $67,420
  • Gross Operating Income: $100,044
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1149 W 88Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • None
Kitchen Information
  • Has Appliances
  • Gas Oven
Interior Features
  • Levels: One
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 6047004033
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Between Vermont and Normandie two blocks south of Manchester and half mile from 110 Fwy.
View more facts & features

Local Los Angeles Agent

Sale History for 1149 W 88Th St

Last sold for $1,170,000 on October 3rd, 2023

  • October, 2023

  • Oct 3, 2023

    Date

    Sold

    CRMLS: 23275305

    $1,170,000

    Price

  • May 26, 2023

    Date

    Active

    CRMLS: 23275305

    $1,175,000

    Price

  • March, 2020

  • Mar 5, 2020

    Date

    Canceled

    CRMLS: 19515046

    $1,000,000

    Price

  • Sep 26, 2019

    Date

    Active

    CRMLS: 19515046

    $1,000,000

    Price

  • Listing provided courtesy of CRMLS

  • February, 2016

  • Feb 19, 2016

    Date

    Sold (Public Records)

    Public Records

    $675,000

    Price

  • June, 2014

  • Jun 2, 2014

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

Show More

Tax History for 1149 W 88Th St

Assessed Value (2020): $730,640
Year Land Value Improved Value Assessed Value
2020 $568,276 $162,364 $730,640

Home Value Compared to the Market

This property vs the competition

1149 W 88Th St sold on October 3, 2023 for 4.91% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $441.07 per/sqft which puts the price per square foot 39.08% lower than the current median sale per square foot for the city of Los Angeles.

About 1149 W 88Th St

Detailed summary of property

1149 W 88Th St is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 2,664 living square feet, and sits on an approximately 6,084 square foot lot. 1149 W 88Th St was first listed on ArdentRealEstateGroup.com on June 6, 2023. The homeowner sold the property for $1,170,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 4.91% higher than the current median priced home. Local homes that are currently for sale include 1461 W 108th St, 6553 S Vermont Ave and 2124 W Manchester Ave. While the average home in Los Angeles, CA is selling in 106 days, 1149 W 88Th St has a days on market of 62 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1149 W 88Th St Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1149 W 88Th St

Public county record property details
Beds
5
Baths
5
Year built
1941
Sq. Ft.
2,664
Lot Size
6,084
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
217
APN
6047-004-033

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$515
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
88
Median Sale to List Price %
102.58%
Avg Days on Market
27
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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