1631 East 88th Street Los Angeles, CA ^$ 1,200,000

1631 East 88th Street

^$ 1,200,000

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1631 East 88th Street

Los Angeles, CA, 90002

^$ 1,200,000

Studio Baths0.0 Sq 2,023

Monthly Estimate*

^$ 8,382

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,200,000. This 2,023 square foot home was built in 1958 on a lot size of 0.13.

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!

Multi-Family Pending

Price

^$ 1,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.13

Year Built

1958

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024344963

Features

General

Heating Central

Zoning LCR2YY

Year Built 1958

Tenant Pays Electricity Gas

Levels One

County Los Angeles

Net Operating Income 0.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Pending

City Los Angeles

Buyer Agent Compensation 2.50

Senior Community Y/N No

MLS Area Metropolitan South

Lot Size Square Feet 5591.0

Number of Units Leased 4

Street Name 88th

Water Sewer Expense 200.0

Standard Status Pending

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Disposal Dishwasher

Heating Y/N Yes

Street Suffix Street

Total Baths 0

Exterior

Parking Features Driveway - Combination Driveway

Lot Size Area 5591.0

Building Area Total 2023.0

Lot Size Acres 0.13

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Monserrat Torres

Listing Agent

Ambiance Realty

Broker

Affordability Calculator

$8,382

Per Month

Monthly Principal & Interest: $8,382
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,033,241

Percent of Sale Price 69%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/9/2024	$1,150,000		Listed Price

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1631 East 88th Street, Los Angeles, CA, 90002 is a Multi-Family Home for sale at $1,200,000 with 2,023 sqft and a lot size of 0.13. 1631 East 88th Street is a studio with 0.0 baths and was built in 1958. The property's zip code is 90002 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/6/2024. 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. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1631 East 88th Street

Multi-Family Home for sale in Los Angeles, CA

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