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1631 E 88Th St Los Angeles, CA 90002

$750,000 Sold Price as of 07/19/2021

5 Beds
3 Baths
1,623 Sq.Ft.

Sold

$750,000 Sold Price as of 07/19/2021 Refinance Your Mortgage

Refinance Your Mortgage

Map preview of 1631 E 88Th St, Los Angeles, CA 90002

Property Overview: 1631 E 88Th St Los Angeles, CA has 5 bedrooms, 3 bathrooms, 1,623 living square feet and 5,591 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: ***TWO HOMES ON A LOT*** Ready to move in remodeled units. Live in one and rent the other. First unit is a 3 bedroom 2 bathroom home with a master bedroom having its own entrance. This unit has new floors, windows, paint, fully redone bathroom and gorgeous kitchen. Front unit also has it own parking up front for two cars. Second unit in the back has two large bedrooms, remodeled bathroom and large kitchen. Back unit has a two car garage. There is also more available space for an additional 2 to 3 cars on a long driveway along the 2nd unit. You will not want to miss out on these great units.

Listed by Erica Moreno | BRE #01860905 | Century 21 Allstars

Last checked: 7 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft: 5,591
HOA Dues: $0/mo
Year built: 1958
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: DW21124713
City: Los Angeles
County: Los Angeles
Time on Site: 1052 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,300

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,100

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $0
Net Operating Income: $0
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $0
Trash: $0
Insurance: $0
Water/Sewer: $0

Property Details for 1631 E 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

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 6

Lot Information

Lot Features: Front Yard
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 6044003030
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: From 105 exit Wilmington on On Imperial (L)Compton (r) 92nd (L) Compton (R) 88th (R)

Neighborhood Information

Community Features: Street Lights

View more facts & features

Local Los Angeles Agent

Sale History for 1631 E 88Th St

Last sold for $750,000 on July 19th, 2021

April, 2024
Apr 22, 2024

Date

Withdrawn

CRMLS: 24344963

$1,200,000

Price
Jan 8, 2024

Date

Active

CRMLS: 24344963

$1,150,000

Price
Listing provided courtesy of CRMLS

Introducing an excellent investment opportunity for real estate investors! This property, located at 1631 E 88th St ,1629 E 88th St, and 1629 1/2 E 88th St in Los Angeles, CA 90002, is currently generating an impressive monthly income of $8,650. Comprising a total of 6 bedrooms and 4 bathrooms, this property offers ample space for tenants. two of the unit's have their own electrical and water meters, providing convenience and flexibility for both the landlord and tenants. Situated in a desirable location, this property presents a fantastic opportunity to expand your real estate portfolio. With its strong rental income potential, this investment promises a steady cash flow and a solid return on investment. Don't miss out on this lucrative deal!

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July, 2021
Jul 21, 2021

Date

Sold

CRMLS: DW21124713

$750,000

Price
Jul 13, 2021

Date

Pending

CRMLS: DW21124713

$715,000

Price
Jun 18, 2021

Date

Active Under Contract

CRMLS: DW21124713

$715,000

Price
Jun 16, 2021

Date

Hold

CRMLS: DW21124713

$715,000

Price
Jun 9, 2021

Date

Active

CRMLS: DW21124713

$715,000

Price
December, 2020
Dec 3, 2020

Date

Canceled

CRMLS: PW20176635

$500,000

Price
Oct 10, 2020

Date

Price Change

CRMLS: PW20176635

$500,000

Price
Sep 20, 2020

Date

Active

CRMLS: PW20176635

$535,000

Price
Listing provided courtesy of CRMLS

Great opportunity to own a duplex in a great location. Both units are two bedroom, one bath each, arranged on an ample sized lot with hardscaping throughout for easy maintenance. Plenty of room for parking in the front. Conveniently located near schools, the park, public transportation, etc. Submit your offer today!

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September, 2020
Sep 17, 2020

Date

Canceled

CRMLS: CV20049320

$515,000

Price
Sep 4, 2020

Date

Pending

CRMLS: CV20049320

$515,000

Price
Aug 31, 2020

Date

Active Under Contract

CRMLS: CV20049320

$515,000

Price
Aug 21, 2020

Date

Pending

CRMLS: CV20049320

$515,000

Price
Jul 8, 2020

Date

Active Under Contract

CRMLS: CV20049320

$515,000

Price
Jun 11, 2020

Date

Price Change

CRMLS: CV20049320

$515,000

Price
May 27, 2020

Date

Price Change

CRMLS: CV20049320

$518,000

Price
May 14, 2020

Date

Price Change

CRMLS: CV20049320

$520,000

Price
May 13, 2020

Date

Active

CRMLS: CV20049320

$525,000

Price
May 12, 2020

Date

Hold

CRMLS: CV20049320

$525,000

Price
Mar 12, 2020

Date

Active

CRMLS: CV20049320

$525,000

Price
Mar 12, 2020

Date

Hold

CRMLS: CV20049320

$525,000

Price
Mar 6, 2020

Date

Active

CRMLS: CV20049320

$525,000

Price
Listing provided courtesy of CRMLS

Home is gated lots of space for parking. Front house is in good condition as well as home in the back. Back unit has its own entrance for parking plus side space that may be used for a play area or additional parking space. Front unit has nice clean area for children to play very safe. Both units are in good condition. Front unit is two bedrooms and one bath. Back unit is also two bedroom and one bath. Living room is nice and ample space in both units. Come and take a look at your next income property centrally located to everything. The Park is a stone throw away, very nice area of Los Angeles.

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December, 2019
Dec 20, 2019

Date

Canceled

CRMLS: DW19117910

$499,999

Price
Nov 18, 2019

Date

Pending

CRMLS: DW19117910

$499,999

Price
Oct 3, 2019

Date

Active Under Contract

CRMLS: DW19117910

$499,999

Price
Aug 11, 2019

Date

Pending

CRMLS: DW19117910

$499,999

Price
Jul 24, 2019

Date

Price Change

CRMLS: DW19117910

$499,999

Price
Jun 28, 2019

Date

Price Change

CRMLS: DW19117910

$530,999

Price
May 20, 2019

Date

Active

CRMLS: DW19117910

$549,999

Price
Listing provided courtesy of CRMLS

***MOTIVATED SELLER-BRING ME AN OFFER, READY TO DEAL** Do not miss this great opportunity to invest! 2 units in excellent conditions ideal for an investor! Each unit has 2 bedrooms 1 bath. Each unit is separated and has its own yard. First Unit has single attached to back end of unit with it's own entrance. Front unit has space for 3 cars. Back unit has 2 car garage attached plus driveway for 2 more parking spaces. Very calm area and conveniently located near shopping, markets, transportation (metro link) and near 110 and 105 freeways. Washington park down the street.

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September, 2006
Sep 27, 2006

Date

Sold (Public Records)

Public Records

$507,000

Price
June, 1996
Jun 6, 1996

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1631 E 88Th St

Assessed Value (2020): $542,000

Year	Land Value	Improved Value	Assessed Value
2020	$270,000	$272,000	$542,000

Home Value Compared to the Market

This property vs the competition

1631 E 88Th St sold on July 19, 2021 for 31.9% lower than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $440.54 per/sqft which puts the price per square foot 40.31% lower than the current median sale per square foot for the city of Los Angeles.

About 1631 E 88Th St

Detailed summary of property

1631 E 88Th St is a multi family that recently sold in Los Angeles, CA 90002. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 1,623 living square feet, and sits on an approximately 5,591 square foot lot. 1631 E 88Th St was first listed on ArdentRealEstateGroup.com on June 9, 2021. The homeowner sold the property for $750,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 31.9% lower than the current median priced home. Local homes that are currently for sale include 1133 E 76th Pl, 731 E 84th St and 829 E Century Blvd. While the average home in Los Angeles, CA is selling in 97 days, 1631 E 88Th St has a days on market of 7 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 1631 E 88Th St Los Angeles, CA 90002 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1631 E 88Th St

Public county record property details

Beds: 4
Baths: 2
Year built: 1958
Sq. Ft.: 1,623
Lot Size: 5,590
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 111
APN: 6044-003-030

The source for these homes facts are from public records.

90002 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$589,999

Median List Price/Sq.Ft.

$470

Median Sold Price

$561,500

Median Sold Price/Sq.Ft.

$599

Total Inventory

Median Sale to List Price %

102.11%

Avg Days on Market

Loan Type

Conventional (27.27%), FHA (54.55%), VA (0%), Cash (9.09%), Other (9.09%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message

(714) 706-1823

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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.