NOT LISTED FOR SALE

1236 E 88th St Los Angeles, CA 90002

Estimated Value: $459,000 - $699,000

4 Beds
2 Baths
1,326 Sq Ft
$466/Sq Ft Est. Value

Last Sold March 01, 2016

Last sale price $360,000 $271 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,875/month

15 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Rectangular Lot
  • Laundry Room
  • Wrought Iron Fence
  • Wall Furnace

About This Home

As of March 2016

Gated!! Two houses on one lot located on a tree-lined street perfect for two households! Excellent income property opportunity, no rent control. Several options for you - live in one and collect rent from the other, or rent BOTH for the most in monthly cash flow! Two separate homes with separate gas meters, separate electric meters and parking for up to 6 cars! There is a front yard, back yard and large middle yard. Each house features 2 bedrooms and 1 bathroom and they show very nice. Located close to shopping, parks and schools!!

Last Agent to Sell the Property

Ron Tanzman

Rodeo Realty License #01292685 Listed on: 12/09/2015

Rodeo Realty

Last Buyer's Agent

Yvonne Sanchez

Century 21 Leaders License #01422199

Century 21 Leaders

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 5,075 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Chain Link Fence
  • Rectangular Lot

Home Design

  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,326 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Tile Flooring
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 210
  • Tax Tract Number 7421
  • Assessor Parcel Number 6043013008

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • New Taxes Expense $4,375
  • Operating Expense $6,305
  • Gross Income $2,400
  • Net Operating Income $22,495

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 6043013008
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 271.49

Exterior Features

  • Fencing: Chain Link, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Utilities

  • Utilities: Electricity Available, Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Oven, Gas Range
  • Heating Type: Fireplace(s), Wall Furnace
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5075.00
  • Price Per Lot Square Foot: 68.95
  • Lot Size Acres: 0.1170

Multi Family

  • Gross Income: 2400.00
  • Gross Operating Income: 28800.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5075.0000 Square Feet
  • Maintenance Percent: 0.25
  • Net Operating Income: 22495.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 6305.00
  • Rent Control: No
  • Total Expenses: 6305.00

Tax Info

  • New Taxes Expense: 4375.00
  • Tax Lot: 210
  • Tax Tract Number: 7421

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2020
Sold by
Galdamez Jorge Alberto and Galdamez Marlana
Bought by
Galdamez Jorge Alberto and Galdamez Mariana
Current Estimated Value
$632,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Outstanding Balance
$306,167
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$312,250

Purchase Details

Closed on
Jan 29, 2020
Sold by
Galdamez Rosalyn Joanna
Bought by
Galdamez Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Outstanding Balance
$306,167
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$312,250

Purchase Details

Listed on
Dec 9, 2015
Closed on
Feb 3, 2016
Sold by
Yellowstone Investments Llc
Bought by
Galdamez Henry and Galdamez Jorge Alberto
Seller's Agent
Ron Tanzman
Rodeo Realty
Buyer's Agent
Yvonne Sanchez
Century 21 Leaders
List Price
$349,900
Sold Price
$360,000
Premium/Discount to List
$10,100
2.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%
Original Mortgage
$353,479
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 8, 2013
Sold by
Mensch Aaron
Bought by
Yellowstone Investments Llc and Executive Investments Inc

Purchase Details

Listed on
Nov 17, 2012
Closed on
Feb 13, 2013
Sold by
Ramirez Manuel and Ramirez Elva
Bought by
Mensch Aaron
Seller's Agent
Nelson Hernandez
Intero Real Estate Services
Buyer's Agent
Nelson Hernandez
Intero Real Estate Services
List Price
$130,000
Sold Price
$135,000
Premium/Discount to List
$5,000
3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.38%

Purchase Details

Closed on
Jan 13, 1998
Sold by
Ramirez Antonio and Ramirez Remberto
Bought by
Ramirez Manuel and Ramirez Elva
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
Galdamez Jorge Alberto -- Old Republic Title Company
Galdamez Henry -- Old Republic Title Company
Galdamez Henry $360,000 Lawyers Title Company
Yellowstone Investments Llc -- None Available
Mensch Aaron $125,000 Title 365
Ramirez Manuel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galdamez Jorge Alberto $345,000
Closed Galdamez Henry $353,479
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2016 03/01/16 Sold $360,000 +2.9% $271 / Sq Ft
12/24/2015 12/24/15 Pending -- -- --
12/09/2015 12/09/15 For Sale $349,900 +159.2% $264 / Sq Ft
01/15/2013 01/15/13 Sold $135,000 +3.8% $102 / Sq Ft View Prior Sale
11/17/2012 11/17/12 For Sale $130,000 -- $98 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,237 $426,160 $277,006 $149,154
2024 $6,237 $417,805 $271,575 $146,230
2023 $5,968 $409,613 $266,250 $143,363
2022 $5,706 $401,582 $261,030 $140,552
2021 $5,643 $393,709 $255,912 $137,797
2020 $5,681 $389,673 $253,288 $136,385
2019 $5,478 $382,033 $248,322 $133,711
2018 $5,350 $374,543 $243,453 $131,090
2016 $3,229 $197,641 $156,034 $41,607
2015 $3,184 $194,674 $153,691 $40,983
2014 $3,189 $190,862 $150,681 $40,181
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15259776

California Regional Multiple Listing Service (CRMLS)

APN: 6043-013-008