2 months on rocket

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

$919,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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916 W 88th St, Los Angeles$919,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingNone
Year Built1923
HeatingWall Furnace
CoolingNone
FireplaceNone
ViewNone
MLS #SB24211066
Lot Size0.12 Acres
StatusActive

About 916 W 88th St

Updated and well maintained 3-unit property with newly built ADU offering strong 4-unit rental income in the Vermont Vista neighborhood. This cash flowing property features spacious one bedroom bungalow units that were remodeled prior to current occupancy. This is a great investor opportunity offered at a 12.33 GRM and 5.4 Cap Rate on current rents with an additional 20% upside. Easy access to public transportation including the Metro Blue Line into downtown & south to the Ocean in Long Beach. Adjacent to the 110 (Harbor) Fwy & close proximity to local Elementary & Middle schools. Approximately 3 miles from the Downtown Inglewood Entertainment District including SoFi Stadium, Intuit Dome and Hollywood Park Development. 2/10 of a mile to the Algin Sutton Recreation Center with Tennis & Basketball Courts, Baseball, Soccer Fields, Fitness Zones, Play Areas & Swimming Pools. Don't miss out on this fantastic opportunity!

Property Details

Property Features

Property Information:

  • Year Built: 1923
  • Stories: 1

Listing Office:

  • Office Name: Buckingham Investments, Inc
  • Office Phone: (818) 795-4477
  • Listing Agent: Jeffrey Isenberg

Interior Features

Interior Information:

  • Appliances: Gas Range, Microwave, Refrigerator
  • Flooring Type: Laminate
  • Interior: Ceiling Fan(s), Quartz Counters, Recessed Lighting, Bedroom on Main Level
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None
  • Exterior: Awning(s)

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: Property is located South of Manchester Ave between Vermont Ave. & S Hoover St., West of the 110 Fwy.

Price Information

Listing Price Info

Price Summary:

  • List Price: $919,000

Tax Information:

  • Annual Amount: $2,737
  • 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

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

916 W 88th St vs Los Angeles

67 DAYS ON ROCKET

+29 Days

$919,000

-$102.5K Less

KEY TAKEAWAY

This property is $102.5K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24211066

Listing Office:

  • Office Name: Buckingham Investments, Inc
  • Office Phone: (818) 795-4477
  • Listing Agent: Jeffrey Isenberg

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: 12/17/2024, 8:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 05, 1989Home Sold
$50,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,737$208,005
2020$2,660$205,873
2019$2,551$201,837
2018$2,500$197,881
2017$2,500$194,002

History based on county public records data.

Payment Calculator

$4,654

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,822

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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.

Nearby Schools

school-card-donut-4238705
6
/10

  • Manchester Elementary School

  • 661 W 87th St

  • 0.25 miles

  • Public District Grades 1-6

school-card-donut-4238706
6
/10

  • Kipp Empower Academy

  • 8466 S Figueroa St

  • 0.53 miles

  • Public Charter Grades KG-4

school-card-donut-4238707
3
/10

  • 95th Street Elementary School

  • 1109 W 96th St

  • 0.65 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,566. Typical income of Los Angeles, CA residents is less than $35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90044›916 W 88th St

This home is located at 916 W 88th St in Los Angeles, CA and zip code 90044 in the Vermont Vista neighborhood. This home, which was built in 1923, sits on a 0.12 acre lot. It has been listed on Rocket Homes since October 12, 2024 and is currently priced at $919,000.

Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.

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

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