155 E 88th Pl, Los Angeles, CA 90003
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155 E 88th Pl Los Angeles, CA 90003

$550,000 Sold Price as of 07/02/2020
  • 6 Beds
  • 3 Baths
  • 1,748 Sq.Ft.
Sold
$550,000 Sold Price as of 07/02/2020 Refinance Your Mortgage

Map preview of 155 E 88th Pl, Los Angeles, CA 90003

Property Overview: 155 E 88th Pl Los Angeles, CA has 6 bedrooms, 3 bathrooms, 1,748 living square feet and 4,081 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime gated triplex investment opportunity in South Los Angeles! The property has been well maintained and one of the units has been completely renovated and features some beautiful upgrades including kitchen with subway tile backsplash, dark wood cabinetry, granite countertops and stainless steel appliances and living area with light tile that leads to new hardwood laminate flooring in the bedrooms and a gorgeous bathroom with new vanity, glass shower doors and new cabinetry. The additional units are well maintained and have not been recently renovated. The lot provides gated, secure parking for tenants and the property will be delivered fully occupied and provides offers cash flow. Located on a very nice street close to schools, shopping and a short distance to the 110 freeway, don’t miss this triplex with great upside investment potential in a great opportunity zone!

Listed by Eric Delgado | BRE #01831579 | Keller Williams Encino-Sherman Oaks
Co-listed by Arturo Tavara Perez | BRE #02086676 | Keller Williams Encino-Sherman Oaks
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 61

Home details

Lot Sq. Ft
4,081
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
SR20070357
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $13,800
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $12,000
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $11,400
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $40,300
  • Net Operating Income: $36,650
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $3,650
  • New Taxes: $0
  • Trash: $0
  • Insurance: $650
  • Water/Sewer: $3,000

Property Details for 155 E 88th Pl

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Room Information
  • Flooring: Tile, Wood
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Gas Cooktop
Interior Features
  • Ceiling Fan(s), Granite Counters
  • Levels: Two
  • Door Features: Mirror Closet Door(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6041004013
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Location / Neighborhood
Location Information
  • Directions: San Pedro St. & E. 88th Pl.
Neighborhood Information
  • Community Features: Suburban
View more facts & features

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Sale History for 155 E 88th Pl

Last sold for $550,000 on July 2nd, 2020
  • July, 2020

  • Jul 13, 2020

    Date

    Sold

    CRMLS: SR20070357

    $550,000

    Price

  • Jun 8, 2020

    Date

    Pending

    CRMLS: SR20070357

    $559,900

    Price

  • Apr 9, 2020

    Date

    Active

    CRMLS: SR20070357

    $559,900

    Price

  • July, 2020

  • Jul 2, 2020

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

  • March, 2020

  • Mar 3, 2020

    Date

    Expired

    CRMLS: DW19258055

    $585,000

    Price

  • Mar 2, 2020

    Date

    Hold

    CRMLS: DW19258055

    $585,000

    Price

  • Nov 5, 2019

    Date

    Active

    CRMLS: DW19258055

    $585,000

    Price

  • Listing provided courtesy of CRMLS

    Great 3 Unit investment with good cash flow in Los Angeles. These units are in good condition and has plenty of parking for the tenants.

  • October, 2013

  • Oct 23, 2013

    Date

    Sold (Public Records)

    Public Records

    $358,000

    Price

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Tax History for 155 E 88th Pl

Assessed Value (2020): $401,274
Year Land Value Improved Value Assessed Value
2020 $224,176 $177,098 $401,274

Home Value Compared to the Market

This property vs the competition

155 E 88th Pl sold on July 2, 2020 for 56.05% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $320.31 per/sqft which puts the price per square foot 59.51% lower than the current median sale per square foot for the city of Los Angeles.

About 155 E 88th Pl

Detailed summary of property

155 E 88th Pl is a triplex that recently sold in Los Angeles, CA 90003. This triplex offered 6 bedrooms, 3 bathrooms, roughly 1,748 living square feet, and sits on an approximately 4,081 square foot lot. 155 E 88th Pl was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $550,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 56.05% lower than the current median priced home. Local homes that are currently for sale include 1253 W 65th St, 1513 W Florence Ave and 110 W 48th St. While the average home in Los Angeles, CA is selling in 100 days, 155 E 88th Pl has a days on market of 61 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 155 E 88th Pl 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 155 E 88th Pl

Public county record property details
Beds
6
Baths
3
Year built
1960
Sq. Ft.
1,748
Lot Size
4,080
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
120
APN
6041-004-013

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
$575,000
Median List Price/Sq.Ft.
$583
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$479
Total Inventory
44
Median Sale to List Price %
94.02%
Avg Days on Market
140
Loan Type
Conventional (50%), FHA (16.67%), VA (0%), Cash (33.33%), Other (0%)

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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.