16 days on rocket

1152 W 88th St, Los Angeles, CA, 90044

$2,200,000

Home List Price

$10,000*

Closing Credit

16 Bedrooms
8 Baths
5,122 SqFt
$430/SqFt
House
Schools Nearby

Location

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1152 W 88th St, Los Angeles$2,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingGarage, Shared Driveway, Side By Side, Tandem, Uncovered
Year Built1936
HeatingWall Furnace
CoolingNone
MLS #24391819
Lot Size0.22 Acres
StatusActive

About 1152 W 88th St

Part of an 8 Building Portfolio! Can be sold individually or as a portfolio. 1152 W 88th St is a mostly stabilized 10 unit apartment building located in unincorporated Los Angeles County. Offering a compelling 9.24 GRM and 7.48% Cap Rate, 1152 W 88th St stands as a prime opportunity for investors seeking healthy cash flow in an expanding submarket of Los Angeles County. With an excellent unit mix of (10) 2-Bed/1-Bath Units, this 7.48% Cap is still only $220k/Unit for such a strong unit mix. In the heart of this vibrant submarket, a fusion of established local gems and burgeoning new constructions awaits, offering potential tenants an enticing blend of neighborhood charm and modern amenities.

Property Details

Property Features

Property Information:

  • Year Built: 1936
  • Stories: 2
  • Living Area: 5,122 SqFt

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 425-9838
  • Listing Agent: Peter James

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 16

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Garage, Shared Driveway, Side By Side, Tandem, Uncovered

Lot Features

Lot Information:

  • Lot: Rectangular Lot
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • George Washington Preparatory High School, Public Magnet Grades 9-12
  • Middle College High School, Public District Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Bret Harte Preparatory Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Manchester Avenue Elementary School, Public District Grades 1-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: South of Manchester, west of Vermont on the corner of 88th and Budlong

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,200,000
  • Price Per SqFt: $430/SqFt

Tax Information:

  • Annual Amount: $18,229
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

1152 W 88th St vs Los Angeles

16 DAYS ON ROCKET

-18 Days

$2,200,000

+$1.2M More

$430/SqFt

-$202 Less

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $202/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24391819

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 425-9838
  • Listing Agent: Peter James

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 12:55:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 30, 2010Home Sold
$300,000
Dec 01, 2006Home Sold
$800,000
Nov 29, 2005Home Sold
$735,000
May 23, 1997Home Sold
$280,000
May 23, 1997Home Sold
$160,500
Oct 07, 1988Home Sold
$215,000

Tax History

YEARPROP. TAXASSESSMENT
2021$18,229$1,274,553
2020$17,717$1,261,485
2019$17,500$1,236,750
2018$8,172$1,212,500
2017$8,172$422,638

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,662

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5974670
6
/10

  • Manchester Avenue Elementary School

  • 661 W 87th St

  • 0.59 miles

  • Public District Grades 1-6

school-card-donut-5974671
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 9.20 miles

  • Public Magnet Grades KG-6

school-card-donut-5974672
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 16.83 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-5974673
2
/10

  • Bret Harte Preparatory Middle School

  • 9301 S Hoover St

  • 0.61 miles

  • Public District Grades 6-8

school-card-donut-5974674
4
/10

  • Studio

  • 2211 W Avenue 30

  • 10.70 miles

  • Public District Grades 6-8

High School

school-card-donut-5974675
2
/10

  • George Washington Preparatory High School

  • 10860 S Denker Ave

  • 1.49 miles

  • Public Magnet Grades 9-12

school-card-donut-5974676
9
/10

  • Middle College High School

  • 1600 W Imperial Hwy Bldg 1

  • 1.96 miles

  • Public District Grades 9-12

school-card-donut-5974677
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 7.31 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,304. Most Los Angeles, CA residents have annual incomes between $35k-100k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1152 W 88th St

What is the listing price of this property?

The listing price of 1152 W 88th St property is $2,200,000.

What type of property is this?

The property 1152 W 88th St is a house located in Los Angeles, California, 90044.

Is this property for sale now?

Active Listing: 1152 W 88th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1152 W 88th St are:
Manchester Avenue Elementary School: GreatSchools Rating 6/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Bret Harte Preparatory Middle School: GreatSchools Rating 2/10
Studio: GreatSchools Rating 4/10
George Washington Preparatory High School: GreatSchools Rating 2/10
Middle College High School: GreatSchools Rating 9/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $18,229 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 30, 2010 for $300,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1152 W 88th St has 16 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 1152 W 88th St is 5,122 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1152 W 88th St is 1936.

Rocket Homes›California›Los Angeles County›Los Angeles›90044›1152 W 88th St

This home is located at 1152 W 88th St in Los Angeles, CA and zip code 90044 in the South LA neighborhood. This 5,122 square foot home, which was built in 1936, sits on a 0.22 acre lot. Features: 16 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $2,200,000.

In April 2024, from all listings sold in Los Angeles, CA there were more than 701 sold above asking price, over 629 sold below and more than 204 were sold right at the asked price. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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