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1209 W 88th St, Los Angeles, CA 90044
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1209 W 88th St Los Angeles, CA 90044

$775,000 Sold Price as of 07/08/2021
  • 6 Beds
  • 5 Baths
  • 2,436 Sq.Ft.
Sold
$775,000 Sold Price as of 07/08/2021 Refinance Your Mortgage
Map preview of 1209 W 88th St, Los Angeles, CA 90044

Property Overview: 1209 W 88th St Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,436 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: Amazing Opportunity to purchase Four Units in Unincorporated Los Angeles on a Large lot with LCR320U*  Zoning, offering development and value add opportunities!  Add this cash flowing asset to your portfolio or move in one unit and continue to lease the others.  Three units are leased and performing, current total gross income for the 3 leased units is $45,168/annually or $3,764/month Plus one additional vacant unit that is rent ready!  The unit mix consists of three 1bed/1 bath units and one 3bed/2 full bath unit.  Each unit is separately metered, there are a total of 5 electrical meters and 5 gas meters (The building used to be a 5 unit with 5 singles).  All units have been updated in the past 6 years including kitchen/bath remodels.  No laundry, off-street parking available for each unit accessible from the alley.   Just minutes from LAX, SoFi Stadium, SpaceX, and the 105/110 freeways.  Get ready for great appreciation in this area with the Rams Stadium and 2028 Olympics!! New Vermont Corridor and Metro line expansion to the Westside.  Close to USC, Schools, shopping, less than 3 miles from Hollywood Park and minutes to Downtown Los Angeles.  Don't miss this opportunity, inquire today about making an offer!  Please do not disturb the tenants.

Listed by Jessica Nieto | BRE #01923684 | eXp Realty of California Inc
Co-listed by Brian Brooke | BRE #01385336 | eXp Realty of California Inc
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
6,084
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC21016943
City
Los Angeles
County
Los Angeles
Time on Site
1332 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,024
  • Total Rent: $1,024
  • Pro Forma/Market Rent: $1,060
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,060
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,703
  • Total Rent: $1,703
  • Pro Forma/Market Rent: $1,703
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,037
  • Total Rent: $1,037
  • Pro Forma/Market Rent: $1,060
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $45,168
  • Net Operating Income: $33,876
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $11,292
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $1,200
  • Water/Sewer: $2,760

Property Details for 1209 W 88th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Tile
Interior Features
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Paved, Off Street
Lot Information
  • Lot Features: Level, Value In Land
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 6047005029
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Vermont and Manchster. Just West of Budlong
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1209 W 88th St

Last sold for $775,000 on July 8th, 2021

  • July, 2021

  • Jul 8, 2021

    Date

    Sold

    CRMLS: OC21016943

    $775,000

    Price

  • Apr 16, 2021

    Date

    Pending

    CRMLS: OC21016943

    $775,000

    Price

  • Apr 5, 2021

    Date

    Active

    CRMLS: OC21016943

    $775,000

    Price

  • Mar 19, 2021

    Date

    Pending

    CRMLS: OC21016943

    $775,000

    Price

  • Feb 26, 2021

    Date

    Active

    CRMLS: OC21016943

    $775,000

    Price

  • Feb 6, 2021

    Date

    Pending

    CRMLS: OC21016943

    $775,000

    Price

  • Jan 26, 2021

    Date

    Active

    CRMLS: OC21016943

    $775,000

    Price

  • October, 2013

  • Oct 25, 2013

    Date

    Sold (Public Records)

    Public Records

    $283,500

    Price

  • April, 2005

  • Apr 1, 2005

    Date

    Sold (Public Records)

    Public Records

    $425,000

    Price

Show More

Tax History for 1209 W 88th St

Assessed Value (2020): $573,052
Year Land Value Improved Value Assessed Value
2020 $413,871 $159,181 $573,052

Home Value Compared to the Market

This property vs the competition

1209 W 88th St sold on July 8, 2021 for 30.8% lower 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 $318.14 per/sqft which puts the price per square foot 56.06% lower than the current median sale per square foot for the city of Los Angeles.

About 1209 W 88th St

Detailed summary of property

1209 W 88th St is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 2,436 living square feet, and sits on an approximately 6,084 square foot lot. 1209 W 88th St was first listed on ArdentRealEstateGroup.com on January 26, 2021. The homeowner sold the property for $775,000. 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 30.8% lower than the current median priced home. Local homes that are currently for sale include 635 W 82nd St, 526 W 84th St and 635 W Colden Ave. While the average home in Los Angeles, CA is selling in 106 days, 1209 W 88th St has a days on market of 41 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 1209 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 1209 W 88th St

Public county record property details
Beds
5
Baths
5
Year built
1950
Sq. Ft.
2,436
Lot Size
6,083
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
213
APN
6047-005-029

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.
$513
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
87
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%)

Thinking of Selling?

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Recently Sold Homes Near 1209 W 88th St

1201 W 88th St, Los Angeles, CA 90044
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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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