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1152 W 88Th St, Los Angeles, CA 90044
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1152 W 88Th St Los Angeles, CA 90044

$1,995,000
  • 19 Beds
  • 10 Baths
  • 5,122 Sq.Ft.
For Sale
$1,995,000 Get Pre-Qualified
Map preview of 1152 W 88Th St, Los Angeles, CA 90044

Property Overview: 1152 W 88Th St Los Angeles, CA has 19 bedrooms, 10 bathrooms, 5,122 living square feet and 9,659 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Part of an 8 Building Portfolio! Can be sold individually or as a portfolio. 1152 W 88th St is a mostly stabilized 10 unit apartment building located in unincorporated Los Angeles County. Offering a compelling 8.52 GRM and 8.18% Cap Rate, 1152 W 88th St stands as a prime opportunity for investors seeking healthy cash flow in an expanding submarket of Los Angeles County. With an excellent unit mix of (9) 2-Bed/1-Bath Units and (1) 1-Bed/1-Bath, this 8.18% Cap is still only $199,500k/Unit for such a strong unit mix. In the heart of this vibrant submarket, a fusion of established local gems and burgeoning new constructions awaits, offering potential tenants an enticing blend of neighborhood charm and modern amenities.

Listed by Peter James | BRE #01748556 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by William James | BRE #01734419 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 12 minutes ago | Last updated: August 13th, 2024 | Source CRMLS | DOM: 131

Home details

Lot Sq. Ft
9,659
HOA Dues
$0/mo
Year built
1936
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24391819
City
Los Angeles
County
Los Angeles
Time on Site
134 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,921
  • Total Rent: $17,290
  • Pro Forma/Market Rent: $27,468
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,222
  • Total Rent: $2,222
  • Pro Forma/Market Rent: $2,407
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8.18%
  • Gross Rent Multiplier: 8.52
  • Gross Scheduled Income: --
  • Net Operating Income: $163,164
  • Gross Operating Income: $234,146
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1152 W 88Th St

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Property Details for 1152 W 88Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Side by Side, Shared Driveway, Tandem Garage, Uncovered
Lot Information
  • Lot Features: Rectangular Lot
Property Information
  • Total # of Units: 10
  • Parcel Number: 6047009022
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Manchester, west of Vermont on the corner of 88th and Budlong
View more facts & features

Local Los Angeles Agent

Sale History for 1152 W 88Th St

Last sold on December 29th, 2017

  • May, 2024

  • May 15, 2024

    Date

    Active

    CRMLS: 24391819

    $2,200,000

    Price

  • December, 2017

  • Dec 29, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2017

  • Oct 6, 2017

    Date

    Sold

    CRMLS: SB17221891

    $1,215,500

    Price

  • Sep 27, 2017

    Date

    Price Change

    CRMLS: SB17221891

    $1,275,000

    Price

  • Sep 26, 2017

    Date

    Pending

    CRMLS: SB17221891

    $1,212,500

    Price

  • Sep 26, 2017

    Date

    Active

    CRMLS: SB17221891

    $1,212,500

    Price

  • Listing provided courtesy of CRMLS

    ** Sep. 5th: Back on market** Trophy 8 unit in Westmont with no rent control. On completely wrought iron gated 9657 sq.ft. double corner lot with 8 individual garages. Very low expenses: new electrical with 9 electric meters, 9 gas meters, all separate water heaters and 100% copper plumbing. Units are over 640 sq.ft. each, see floorplans in supplements. 98K current income, pro forma 107k. Seller is renting garages for $50 each (4 so far), Great rental area west of Vermont, walkable to Sutton Park and Recreation Center and Manchester Ave Elementary, and 2 miles from mega billion $ 238 acre Hollywood Park Tomorrow, Rams/Chargers NFL stadium, etc.

  • October, 2017

  • Oct 5, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,212,500

    Price

  • September, 2017

  • Sep 11, 2017

    Date

    Canceled

    CRMLS: SB17196622

    $1,300,000

    Price

  • Sep 11, 2017

    Date

    Active

    CRMLS: SB17196622

    $1,300,000

    Price

  • Sep 2, 2017

    Date

    Active Under Contract

    CRMLS: SB17196622

    $1,300,000

    Price

  • Aug 25, 2017

    Date

    Active

    CRMLS: SB17196622

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    ** Sep. 5th: Back on market** Trophy 8 unit in Westmont with no rent control. On completely wrought iron gated 9657 sq.ft. double corner lot with 8 individual garages. Very low expenses: new electrical with 9 electric meters, 9 gas meters, all separate water heaters and 100% copper plumbing. Units are over 640 sq.ft. each, see floorplans in supplements. 98K current income, pro forma 107k. Seller is renting garages for $50 each (4 so far), Great rental area west of Vermont, walkable to Sutton Park and Recreation Center and Manchester Ave Elementary, and 2 miles from mega billion $ 238 acre Hollywood Park Tomorrow, Rams/Chargers NFL stadium, etc.

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Tax History for 1152 W 88Th St

Assessed Value (2020): $1,261,485
Year Land Value Improved Value Assessed Value
2020 $884,340 $377,145 $1,261,485

Home Value Compared to the Market

This property vs the competition

1152 W 88Th St is listed 66.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771 and this home is listed at $389.5 per/sqft which puts the price per square foot 49.48% lower than the median price per square foot for the city of Los Angeles.

About 1152 W 88Th St

Detailed summary of property

1152 W 88Th St is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 19 bedrooms, 10 bathrooms, roughly 5,122 living square feet, and sits on an approximately 9,659 square foot lot. 1152 W 88Th St was first listed on ArdentRealEstateGroup.com on May 15, 2024. The homeowner is currently asking $1,995,000 and was originally asking $2,200,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 66.25% higher than the median priced home. Local competing homes currently for sale include 8418 S Main St, 1016 W 110th St and 432 W 107th St. While the average home in Los Angeles, CA is selling in 106 days, 1152 W 88Th St has a days on market of 131 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1152 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 1152 W 88Th St

Public county record property details
Beds
16
Baths
8
Year built
1936
Sq. Ft.
5,122
Lot Size
9,656
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
272,273
APN
6047-009-022

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
$649,900
Median List Price/Sq.Ft.
$518
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
93
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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