907 East 88th Street

Los Angeles, CA 90002

$1,350,000
Price
10
Beds
6
Baths
3,606 Sq. Ft.
$374 / Sq. Ft.
3,606
Sq. Ft.
$374
per Sq. Ft.

Description

This well-maintained duplex built in 2019, not subject to LA City control, features two spacious units, each with 5 bedrooms and 3 bathrooms. The property is perfect for investors or owner-user. Both units are currently occupied by a non-profit program. Monthly rents are $3,200 for the front unit & $3,200 for the rear unit. The tenants have occupied the units since 2019 and pay for all utilities and maintain the building. The current owner has not raised the rents since 2019; there is sizable upside...This well-maintained duplex built in 2019, not subject to LA City control, features two spacious units, each with 5 bedrooms and 3 bathrooms. The property is perfect for investors or owner-user. Both units are currently occupied by a non-profit program. Monthly rents are $3,200 for the front unit & $3,200 for the rear unit. The tenants have occupied the units since 2019 and pay for all utilities and maintain the building. The current owner has not raised the rents since 2019; there is sizable upside potential. There is an attached 1-car garage in the front & 2-car garage in the rear. Conveniently located near markets, shopping, schools, public transportation, freeways, and Downtown L. A.
  1. Listed by Johnny Cho • DRE #01394690 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz

Property Details for 907 East 88th Street

Zoning
LAR2
Parcel Number
6042025017
Total Units
2.0
Living Area
3606
Source Living Area
Vendor Enhanced
Area
Metropolitan South (C37)
Vacancy Rate
0
Lot Size Area
5161
LISTING UPDATED: 10/24/2024 10:31 AM

Property Details for 907 East 88th Street

StatusActive
MLS #24-379647
Days on Market230
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2019
Lot Size0.12 AC / 5,161 SF
CountyLos Angeles County

Building Information for 907 East 88th Street

Stories1Residences-Year Built2019Building Size-Lot Size0.12 AC / 5,161 SF

Property Information for 907 East 88th Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: 5+3
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $76,800
  • Net Operating Income: $57,400.00
  • Gross Income: $76,800
  • Cap Rate: 4.30%
  • Gross Rent Multiplier: $17.58
  • Actual Annual Gross Rent: $76,800.00
  • Actual Gross Annual Income: $76,800
  • Total Annual Expense: 19400
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1185
  • Lot Size Square Feet: 5161
  • Lot Size Dimensions: 40x129
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, Attached
  • Total Parking: 6
  • Garage Spaces Total: 3
  • Parking Features: Garage - Two Door
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $4,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $4,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $714,000.00
  • Assessed Improvement Percent: 60.87
  • Assessed Land Value: $459,000.00
  • Assessed Land Percent: 39.13
  • Assessed Total Value: $1,173,000.00

Property History for 907 East 88th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 907 East 88th Street

Taxable ValueLand$468,180Additions$728,280Total$1,196,460
Tax Record2024$15,027 ($1,252 / month)
Home Facts
Total Finished SqFt3,606 SqFtAbove Grade Finished SqFt3,606 SqFtStories1Lot Size5,159 SqFtStyleDuplexYear Built2019ZoningLAR2CountyLOS ANGELESAPN6042-025-017

Schools near 907 East 88th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Russell Elementary School
PublicK to 6

Charles Drew Middle School
Public7 to 8

KIPP Ignite Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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907 East 88th Street is a multi-family home for sale in Los Angeles, CA 90002. This property was listed for sale on April 12, 2024 by Keller Williams Realty Los Feliz, it's currently listed at $1,350,000. It has been on the market for a total of 230 days and was last sold on January 18, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Russell Elementary School, Charles Drew Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 907 East 88th Street is a 10-bed, 6-bath, 3,606 sqft multi-family home built in 2019.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Los Feliz, Johnny Cho, DRE #01394690

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.