NOT LISTED FOR SALE

1130 W 88th St Los Angeles, CA 90044

Westmont Neighborhood

Estimated Value: $726,629 - $985,000

3 Beds
2 Baths
2,210 Sq Ft
$371/Sq Ft Est. Value

Last Sold August 28, 2013

Last sale price $350,000 $158 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $5,033/month

15 Days on Market

Highlights

  • Lawn
  • Wrought Iron Fence
  • Rectangular Lot
  • Bungalow

About This Home

As of August 2013

Great deal. 3-Unit complex, ready to go. 2 of the units are 1-Bedroom/1-Bath each, and the rear unit is a 2-Bedroom/1-Bath. The units are in great condition with wood-laminate floors, granite kitchen counters, Dining areas, upgraded plumbing. The lot is large with front, side and rear yards. Fenced in with Wrought-Iron gate. In back, a 2-car garage, plus storage room. With the long drive-way, the alley-accessed gate, the car port and space behind the garage, each of the tenants has at-least 2-parking spaces. Great property with tenants already set, or live in one and rent out the others.

Last Agent to Sell the Property

Jules Ayora

Seven Gables Real Estate License #01274567 Listed on: 06/27/2013

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,791

Year Built

  • Built in 1947

Lot Details

  • 9,126 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • 2,210 Sq Ft Home
  • Bungalow
  • Property Attached
  • Composition Roof

Kitchen

  • Gas Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 268
  • Assessor Parcel Number 6047009017

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Maintenance Expense $900
  • Professional Management Expense $2,040
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $4,337
  • Gross Income $2,840
  • Net Operating Income $22,603

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,791

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Stoves
  • Professional Management Expense: 2040.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6047009017
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 158.37

Exterior Features

  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Appliances: Gas Cooktop
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard, Front Yard, Lawn, Rectangular Lot, Level with Street
  • Lot Size Sq Ft: 9126.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2840.00
  • Gross Scheduled Income: 34080.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 9126.0000 Square Feet
  • Maintenance Expense: 900.00
  • Net Operating Income: 22603.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 11477.00
  • Rent Control: Yes
  • Total Actual Rent: 2840.00

Tax Info

  • New Taxes Expense: 4337.00
  • Tax Lot: 268
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2013
Closed on
Jul 18, 2013
Sold by
Lewis Anna
Bought by
Smith Tatiana
Seller's Agent
Jules Ayora
Seven Gables Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$347,000
Sold Price
$350,000
Premium/Discount to List
$3,000
0.86%
Current Estimated Value
$819,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$469,907
Avg. Annual Appreciation
7.36%
Original Mortgage
$343,660
Interest Rate
4.33%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 23, 2011
Sold by
Lewis Elliot
Bought by
Lewis Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2011
Sold by
Obafunwa Benedict
Bought by
Lewis Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2010
Sold by
Obafunwa Benedict
Bought by
Obafunwa Benedict and Carrillo Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2002
Sold by
Hud
Bought by
Obafunwa Benedict T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,384
Interest Rate
5.88%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 8, 2000
Sold by
White Mountains Services Corp
Bought by
Hud

Purchase Details

Closed on
Jun 7, 2000
Sold by
Echeverria Juan
Bought by
White Mountains Services Corp and Source One Mtg Services Corp

Purchase Details

Closed on
May 11, 1999
Sold by
Gonzalez Francisco
Bought by
Echeverria Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,038
Interest Rate
6.84%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 9, 1996
Sold by
Family Trust Barnes Rhubin And Lillian M Trs
Bought by
Gonzalez Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,900
Interest Rate
7.53%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Tatiana $350,000 Ticor Title
Lewis Anna -- Ticor Title Company
Lewis Anna -- None Available
Obafunwa Benedict -- None Available
Obafunwa Benedict T $186,000 American Title Co
Hud -- Fidelity National Title
White Mountains Services Corp $253,810 Fidelity National Title
Echeverria Juan $240,000 California Counties Title Co
Gonzalez Francisco $165,000 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Tatiana $340,995
Closed Smith Tatiana $343,660
Previous Owner Lewis Anna $245,000
Previous Owner Lewis Anna $185,500
Previous Owner Lewis Anna $100,000
Previous Owner Obafunwa Benedict Tokunbo $82,940
Previous Owner Obafunwa Benedict T $448,000
Previous Owner Obafunwa Benedict T $316,000
Previous Owner Obafunwa Benedict T $6,384
Previous Owner Obafunwa Benedict T $148,450
Previous Owner Echeverria Juan $238,038
Previous Owner Gonzalez Francisco $131,900
Closed Obafunwa Benedict T $27,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2013 08/28/13 Sold $350,000 +0.9% $158 / Sq Ft
07/12/2013 07/12/13 Pending -- -- --
06/27/2013 06/27/13 For Sale $347,000 -- $157 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,791 $429,039 $343,235 $85,804
2024 $6,791 $420,627 $336,505 $84,122
2023 $6,436 $412,380 $329,907 $82,473
2022 $6,173 $404,295 $323,439 $80,856
2021 $6,115 $396,369 $317,098 $79,271
2019 $5,948 $384,615 $307,694 $76,921
2018 $5,803 $377,074 $301,661 $75,413
2016 $5,569 $362,435 $289,949 $72,486
2015 $5,490 $356,992 $285,594 $71,398
2014 $5,501 $350,000 $280,000 $70,000
Source: Public Records

Agents Affiliated with this Home

  • Jules Ayora

    Seller's Agent in 2013

    Jules Ayora

    Seven Gables Real Estate

    (714) 840-1031

    32 Total Sales

    Section Image

  • N

    Buyer's Agent in 2013

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,797 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13125083

California Regional Multiple Listing Service (CRMLS)

APN: 6047-009-017

California Los Angeles County Los Angeles 90044 Westmont

1130 W 88th St, Los Angeles, CA

This home is located at 1130 W 88th St, Los Angeles, CA 90044 since 27 June 2013 and is currently estimated at $819,907, approximately $370 per square foot. This property was built in 1947. 1130 W 88th St is a home located in Los Angeles County with nearby schools including Manchester Avenue Elementary School, Horace Mann Ucla Community, and Bret Harte Preparatory Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes