14 days on rocket

1631 E 88th St, Los Angeles, CA, 90002

$1,150,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
3 Baths
2,023 SqFt
$568/SqFt
House
Schools Nearby

Location

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1631 E 88th St, Los Angeles$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway, Electric Gate
Year Built1958
HeatingElectric, Floor Furnace
MLS #24392091
Lot Size0.13 Acres
StatusActive

About 1631 E 88th St

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!

Property Details

Property Features

Property Information:

  • Year Built: 1958
  • Stories: 0
  • Living Area: 2,023 SqFt

Listing Office:

  • Office Name: Ambiance Realty
  • Office Phone: (424) 777-0320
  • Listing Agent: Monserrat Torres

Interior Features

Interior Information:

  • Appliances: Dishwasher

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: Driveway, Electric Gate

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Electric, Floor Furnace

School Info

Assigned Schools Information:

  • John C. Fremont Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Charles Drew Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Judith F. Baca Arts Academy, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: follow google maps.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000
  • Price Per SqFt: $568/SqFt

Tax Information:

  • Annual Amount: $7,285
  • 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

1631 E 88th St vs Los Angeles

14 DAYS ON ROCKET

-20 Days

$1,150,000

+$163.5K More

$568/SqFt

-$64 Less

KEY TAKEAWAY

This property is $163.5K more than the Median Sold Price and $64/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: #24392091

Listing Office:

  • Office Name: Ambiance Realty
  • Office Phone: (424) 777-0320
  • Listing Agent: Monserrat Torres

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: 5/29/2024, 4:20:34 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

Jul 19, 2021Home Sold
$750,000
Mar 04, 2021Home Sold
$475,000
Sep 27, 2006Home Sold
$507,000
Dec 07, 1992Home Sold
$155,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,285$542,000
2020$6,648$542,000
2019$6,172$490,000
2018$5,698$450,000
2017$5,698$411,000

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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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-4183353
5
/10

  • Judith F. Baca Arts Academy

  • 1536 E 89th St

  • 0.15 miles

  • Public District Grades KG-6

school-card-donut-4183354
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 10.48 miles

  • Public Magnet Grades KG-6

school-card-donut-4183355
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 17.02 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-4183356
2
/10

  • Charles Drew Middle School

  • 8511 Compton Ave

  • 0.29 miles

  • Public Magnet Grades 6-8

school-card-donut-4183357
4
/10

  • Studio

  • 2211 W Avenue 30

  • 10.17 miles

  • Public District Grades 6-8

High School

school-card-donut-4183358
3
/10

  • John C. Fremont Senior High School

  • 7676 S San Pedro St

  • 1.63 miles

  • Public Magnet Grades 9-12

school-card-donut-4183359
8
/10

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

  • 456 S Mathews St

  • 5.84 miles

  • Public Magnet Grades 9-12

school-card-donut-4183360
7
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 21.85 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 $31,632. Typical income of Los Angeles, CA residents is less than $35k annually. Most families are married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1631 E 88th St

What is the listing price of this property?

The listing price of 1631 E 88th St property is $1,150,000.

What type of property is this?

The property 1631 E 88th St is a house located in Los Angeles, California, 90002.

Is this property for sale now?

Active Listing: 1631 E 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 1631 E 88th St are:
Judith F. Baca Arts Academy: GreatSchools Rating 5/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Charles Drew Middle School: GreatSchools Rating 2/10
Studio: GreatSchools Rating 4/10
John C. Fremont Senior High School: GreatSchools Rating 3/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,285 (source: MLS/based on county public records data).

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

The last sale was on July 19, 2021 for $750,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1631 E 88th St has 6 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1631 E 88th St is 2,023 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1631 E 88th St is 1958.

Rocket Homes›California›Los Angeles County›Los Angeles›90002›1631 E 88th St

This home is located at 1631 E 88th St in Los Angeles, CA and zip code 90002 in the South LA neighborhood. This 2,023 square foot home, which was built in 1958, sits on a 0.13 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $1,150,000.

In April 2024 more than 701 listings in Los Angeles, CA were sold above the asking price. During the same period more than 204 listings were sold at asking price, while more than 629 were sold below. In April 2024 in Los Angeles, CA there were 14.9% more homes for sale than in March 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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