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1324 W 88Th St, Los Angeles, CA 90044
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1324 W 88Th St Los Angeles, CA 90044

$759,000
  • 6 Beds
  • 6 Baths
  • 1,854 Sq.Ft.
For Sale
$759,000 Get Pre-Qualified
Map preview of 1324 W 88Th St, Los Angeles, CA 90044

Property Overview: 1324 W 88Th St Los Angeles, CA has 6 bedrooms, 6 bathrooms, 1,854 living square feet and 6,085 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: Welcome to this exceptional investment opportunity in the heart of Los Angeles! This property features a charming front house with a cozy living room and fireplace, a well-appointed kitchen, and a beautifully renovated bathroom. The entire unit has been freshly painted and fitted with new flooring, enhancing its inviting ambiance. The spacious bedroom adds to the comfort of this delightful home.In addition to the front house, the property includes two other well-maintained units. Each unit offers a comfortable living room, a dining area, a generously-sized bedroom, and a bathroom. All units benefit from ample yard space, perfect for entertaining and outdoor activities.The property also features a long driveway and plenty of parking at the back, ensuring convenience for residents and guests. Notably, both the main house and one of the additional units will be delivered vacant and ready to be rented at market rates, offering immediate rental income potential.Don't miss out on this fantastic investment with strong potential for rental income and long-term appreciation. This is truly a great buy in a sought-after location!

Listed by Melissa Knight | BRE #01184594 | The Hills Premier Realty
Co-listed by Ashley Knight | BRE #02232625 | The Hills Premier Realty
Last checked: 24 seconds ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 61

Home details

Lot Sq. Ft
6,085
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24417935
City
Los Angeles
County
Los Angeles
Time on Site
60 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,020
  • Total Rent: $1,020
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 10.3%
  • Gross Rent Multiplier: 9.16
  • Gross Scheduled Income: --
  • Net Operating Income: $78,398
  • Gross Operating Income: $82,800
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $1,996
  • Water/Sewer: $2,400

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Property Details for 1324 W 88Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Fireplace Information
  • Has Fireplace
  • Living Room
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway - Combination
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 6047007009
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Manchester and East of Western
View more facts & features

Local Los Angeles Agent

Sale History for 1324 W 88Th St

View property's historical transactions

  • July, 2024

  • Jul 20, 2024

    Date

    Active

    CRMLS: 24417935

    $759,000

    Price

  • June, 2024

  • Jun 26, 2024

    Date

    Expired

    CRMLS: SB24062546

    $750,000

    Price

  • Mar 29, 2024

    Date

    Active

    CRMLS: SB24062546

    $665,000

    Price

  • Listing provided courtesy of CRMLS

    Have the opportunity to own this well maintain triplex.Each unite have one bedroom one bath each located in the vibrant city of Angeles, centrally near shopping centers. Location provides easy assess to various destination making commuting a breeze freeway close.

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Tax History for 1324 W 88Th St

Assessed Value (2020): $43,714
Year Land Value Improved Value Assessed Value
2020 $20,601 $23,113 $43,714

Home Value Compared to the Market

This property vs the competition

1324 W 88Th St is listed 36.75% lower 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 $768 and this home is listed at $409.39 per/sqft which puts the price per square foot 46.69% lower than the median price per square foot for the city of Los Angeles.

About 1324 W 88Th St

Detailed summary of property

1324 W 88Th St is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 6 bedrooms, 6 bathrooms, roughly 1,854 living square feet, and sits on an approximately 6,085 square foot lot. 1324 W 88Th St was first listed on ArdentRealEstateGroup.com on July 21, 2024. The homeowner is currently asking $759,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 36.75% lower than the median priced home. Local competing homes currently for sale include 9016-9018 Baring Cross St, 857 W 85th St and 1326 W 98th St. While the average home in Los Angeles, CA is selling in 106 days, 1324 W 88Th St has a days on market of 61 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 1324 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 1324 W 88Th St

Public county record property details
Beds
3
Baths
3
Year built
1923
Sq. Ft.
1,854
Lot Size
6,084
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
297
APN
6047-007-009

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%)

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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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