1209 W 88th St Los Angeles, CA 90044
Westmont Neighborhood
6
Beds
5
Baths
2,436
Sq Ft
6,084
Sq Ft Lot
Highlights
- No HOA
- Level Lot
- 1-Story Property
- Tile Flooring
- Wall Furnace
About This Home
As of July 2021Amazing Opportunity to purchase Four Units in Unincorporated Los Angeles on a Large lot with LCR320U* Zoning, offering development and value add opportunities! Add this cash flowing asset to your portfolio or move in one unit and continue to lease the others. Three units are leased and performing, current total gross income for the 3 leased units is $45,168/annually or $3,764/month Plus one additional vacant unit that is rent ready! The unit mix consists of three 1bed/1 bath units and one 3bed/2 full bath unit. Each unit is separately metered, there are a total of 5 electrical meters and 5 gas meters (The building used to be a 5 unit with 5 singles). All units have been updated in the past 6 years including kitchen/bath remodels. No laundry, off-street parking available for each unit accessible from the alley. Just minutes from LAX, SoFi Stadium, SpaceX, and the 105/110 freeways. Get ready for great appreciation in this area with the Rams Stadium and 2028 Olympics!! New Vermont Corridor and Metro line expansion to the Westside. Close to USC, Schools, shopping, less than 3 miles from Hollywood Park and minutes to Downtown Los Angeles. Don't miss this opportunity, inquire today about making an offer! Please do not disturb the tenants.
Last Agent to Sell the Property
eXp Realty of California Inc License #01923684 Listed on: 01/26/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,822
Year Built
- Built in 1950
Lot Details
- 6,084 Sq Ft Lot
- No Common Walls
- Level Lot
- Value in Land
Interior Spaces
- 2,436 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Paved Parking
- Off-Street Parking
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, grounds care, gas
- Tax Lot 213
- Assessor Parcel Number 6047005029
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Water Sewer Expense $2,760
- Operating Expense $3,960
- Net Operating Income $33,876
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 20, 2021
Sold by
Ih3 Property West Lp
Bought by
Garcia Matthew D
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,962
Interest Rate
2.9%
Mortgage Type
FHA
Purchase Details
Listed on
Nov 12, 2012
Closed on
Oct 8, 2013
Sold by
Edah Omatseyin Mark
Bought by
Ih3 Property West Lp
Seller's Agent
UNKNOWN UNKNOWN
Keller Williams Silicon Beach
Buyer's Agent
Brian Brooke
List Price
$450,000
Sold Price
$283,500
Premium/Discount to List
-$166,500
-37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.09%
Purchase Details
Closed on
Feb 8, 2005
Sold by
Edah Cassandra A
Bought by
Edah Omatseyin Mark
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
7.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 1, 2005
Sold by
Grant Donovan L
Bought by
Edah Omatseyin Mark
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
7.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 19, 2004
Sold by
Ngo Hung
Bought by
Grant Donovan L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,400
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 29, 2002
Sold by
Lincoln Trust Company
Bought by
Ngo Hung
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,060
Interest Rate
6.6%
Mortgage Type
FHA
Purchase Details
Closed on
May 6, 2002
Sold by
Triquest Capital
Bought by
Lincoln Trust Company
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,060
Interest Rate
6.6%
Mortgage Type
FHA
Purchase Details
Closed on
May 9, 2000
Sold by
Stevenson Leon
Bought by
Triquest Capital
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $775,000 | First American Title Company | |
| Grant Deed | $283,500 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Financial Title Gardena | |
| Grant Deed | $425,000 | Financial Title | |
| Grant Deed | $389,000 | Security Union Title Insuran | |
| Grant Deed | $260,000 | New Century Title Company | |
| Grant Deed | -- | Fidelity National Title Co | |
| Personal Reps Deed | $165,000 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $760,962 | FHA | |
| Previous Owner | $420,000 | Negative Amortization | |
| Previous Owner | $382,500 | New Conventional | |
| Previous Owner | $356,400 | Purchase Money Mortgage | |
| Previous Owner | $263,000 | Unknown | |
| Previous Owner | $251,060 | FHA | |
| Previous Owner | $195,824 | Unknown | |
| Previous Owner | $185,824 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2021 07/08/21 | Sold | $775,000 | 0.0% | $318 / Sq Ft |
| 04/15/2021 04/15/21 | Pending | -- | -- | -- |
| 04/05/2021 04/05/21 | For Sale | $775,000 | 0.0% | $318 / Sq Ft |
| 03/19/2021 03/19/21 | Pending | -- | -- | -- |
| 02/26/2021 02/26/21 | For Sale | $775,000 | 0.0% | $318 / Sq Ft |
| 02/05/2021 02/05/21 | Pending | -- | -- | -- |
| 01/26/2021 01/26/21 | For Sale | $775,000 | +173.4% | $318 / Sq Ft |
| 10/25/2013 10/25/13 | Sold | $283,500 | -37.0% | $116 / Sq Ft |
| 09/15/2013 09/15/13 | Pending | -- | -- | -- |
| 11/12/2012 11/12/12 | For Sale | $450,000 | -- | $185 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $11,822 | $822,434 | $625,581 | $196,853 |
| 2024 | $11,822 | $806,309 | $613,315 | $192,994 |
| 2023 | $11,294 | $790,500 | $601,290 | $189,210 |
| 2022 | $10,799 | $775,000 | $589,500 | $185,500 |
| 2021 | $8,600 | $578,988 | $418,158 | $160,830 |
| 2020 | $8,659 | $573,052 | $413,871 | $159,181 |
| 2019 | $5,467 | $311,538 | $252,748 | $58,790 |
| 2018 | $5,315 | $305,431 | $247,793 | $57,638 |
| 2016 | $5,107 | $293,572 | $238,172 | $55,400 |
| 2015 | $5,038 | $289,163 | $234,595 | $54,568 |
| 2014 | -- | $283,500 | $230,000 | $53,500 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica Nieto
Seller's Agent in 2021
Jessica Nieto
eXp Realty of California Inc
(562) 714-2176
4 in this area
737 Total Sales
-
Brian Brooke
Seller Co-Listing Agent in 2021
Brian Brooke
eXp Realty of California Inc
(619) 992-7299
4 in this area
567 Total Sales
-
Boris Almengor
Buyer's Agent in 2021
Boris Almengor
Lyon Stahl Investment Real Est
(323) 868-5857
1 in this area
28 Total Sales
-
U
Seller's Agent in 2013
UNKNOWN UNKNOWN
Keller Williams Silicon Beach
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21016943
APN: 6047-005-029
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