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127 E 88th St, Los Angeles, CA 90003
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127 E 88th St Los Angeles, CA 90003

$4,400,000
  • 256 Beds
  • 0 Baths
  • 11,000 Sq.Ft.
For Sale
$4,400,000 Get Pre-Qualified
Map preview of 127 E 88th St, Los Angeles, CA 90003

Property Overview: 127 E 88th St Los Angeles, CA has 256 bedrooms, -- bathrooms, 11,000 living square feet and 10,409 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: This Property is an 11,000 SF building on a 10,409 SF lot comprised of eight (8) four-bedroom/two-bathroom units and two (2) studios. The studios are currently unpermitted. There are sixteen (16) parking spots. The property has just finished construction and the Certificate of Occupancy is being issued in less than 30 days. 127 E 88th Street offers a unique opportunity for an investor to acquire a premium new-construction asset exempt from LA City Rent Control in a strong rental submarket of Los Angeles.

Listed by Marcus Nasrollahy | BRE #02207189 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Nico Rosmarin | BRE #02023847 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 3 minutes ago | Last updated: September 4th, 2024 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
10,409
HOA Dues
$0/mo
Year built
2024
Garage
16 Car
Property Type:
Mixed Use
Status
Active
MLS#
SB24166496
City
Los Angeles
County
Los Angeles
Time on Site
34 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 4
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 9
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 32
  • # of Baths: 0
  • Garage Spaces: 14
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,300
  • Total Rent: $412,000
  • Pro Forma/Market Rent: $412,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $38,400
  • Pro Forma/Market Rent: $38,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $459,120
  • Net Operating Income: $336,529
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $108,000
  • Electric: $3,000
  • Gas/Fuel: $3,000
  • Trash: $0
  • Insurance: $9,350
  • Professional Management: $22,000
  • Water/Sewer: $3,000

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Property Details for 127 E 88th St

Interior Features
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 16
  • # of Parking Spaces: 16
Lot Information
  • Lot Features: 0-1 Unit/Acre, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 10
  • Parcel Number: 6041003034
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
Location / Neighborhood
Location Information
  • Directions: Cross Streets are 88th and Main
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 127 E 88th St

View property's historical transactions

  • August, 2024

  • Aug 12, 2024

    Date

    Active

    CRMLS: SB24166496

    $4,600,000

    Price

Tax History for 127 E 88th St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

127 E 88th St is listed 266.67% 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 $766 and this home is listed at $400 per/sqft which puts the price per square foot 47.78% lower than the median price per square foot for the city of Los Angeles.

About 127 E 88th St

Detailed summary of property

127 E 88th St is a mixed use located in Los Angeles, CA 90003 and is currently for sale. This mixed use property offers 256 bedrooms, -- bathrooms, roughly 11,000 living square feet, and sits on an approximately 10,409 square foot lot. 127 E 88th St was first listed on ArdentRealEstateGroup.com on August 12, 2024. The homeowner is currently asking $4,400,000 and was originally asking $4,600,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $766. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 266.67% higher than the median priced home. Local competing homes currently for sale include 1036-1040 Dawson Ave, 11506 Obert Ave and 13811 Cherry. While the average home in Los Angeles, CA is selling in 104 days, 127 E 88th St has a days on market of 34 days. There are currently 4084 homes for sale in the Los Angeles real estate market and 2797 of them are single family homes while 1162 of them are condos and 119 are townhomes. For more information on this home for sale at 127 E 88th St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 127 E 88th St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$574
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
47
Median Sale to List Price %
103%
Avg Days on Market
31
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

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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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