NOT LISTED FOR SALE

127 E 88th St Los Angeles, CA 90003

Broadway-Manchester Neighborhood

Estimated Value: $505,000 - $787,000

2 Beds
2 Baths
1,768 Sq Ft
$389/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $400,000 $226 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,024/month

98 Days on Market

Highlights

  • Central Heating and Cooling System
  • 1-Story Property
  • 4-minute walk to Wall Street Park

About This Home

As of August 2018

Court confirmation for the subject sale is scheduled May 30th, 2018 at 10:30 am in Dept. 79, at the LA Superior Court in Downtown Los Angeles. Asking Price is the 1st minimum overbid amount. All potential over bidders must bring a cashier's check for at least 10% of the first minimum overbid amount, payable to "The Estate of Armando D'La Cubba". Calling all Investors, Developers, and buyers for an amazing rehab opportunity! For sale after 30+ years. Great opportunity to purchase 2 contiguous parcels totaling over 10,000 sqft. for potential development. Adjoining property located at 131 E 88th St. Los Angeles, CA 90003_ Standard Sale (APN: 6041-003-035) is also for sale, and can be bought together with the subject property. However, it is not compulsory to buy both properties together. Zoning per Title is LAR3. Under City of L.A. rent control ordinance. Sold "As Is" and " Where Is", with current tenants in place.

Last Agent to Sell the Property

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 02/06/2018

Last Buyer's Agent

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 02/06/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 5,204

Home Design

  • Duplex

Interior Spaces

  • 1,768 Sq Ft Home
  • 1-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 8 Parking Spaces
  • Driveway
  • On-Street Parking
  • Assigned Parking

Additional Features

  • 5,204 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6041-003-034

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1768
  • Probate: Yes
  • Stories: 1
  • Year Built: 1968
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 2.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 237.84

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned, Driveway, On street
  • Total Parking: 8

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Expense: 2574.00

Fee Information

  • Insurance Expense: 1000.00

Lot Info

  • Assessed Improvement Value: 102939
  • Assessed Land Value: 42882
  • Assessor Parcel Number: 6041-003-034
  • Geocode Override: No
  • Lot Size Area: 5204

Rental Info

  • Court Approve: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.00
  • Number Of Units: 2
  • Type Of Units: Duplex

Tax Info

  • Tax Expense: 5062.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2025
Sold by
California Td Specialists
Bought by
Sound Equity High Income Debt Fund Llc
Current Estimated Value
$687,240

Purchase Details

Closed on
Feb 13, 2020
Sold by
Tabibian Jinous
Bought by
Kordian Avraham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 4, 2019
Sold by
Avocado Tree Llc
Bought by
Kordian Avraham

Purchase Details

Listed on
Feb 6, 2018
Closed on
Aug 23, 2018
Sold by
Reid Richard Reynold
Bought by
Reid Darine
Seller's Agent
Vinny Jain
Ingenious Asset Group, Inc.
Buyer's Agent
Vinny Jain
Ingenious Asset Group, Inc.
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%

Purchase Details

Closed on
Jun 6, 2018
Sold by
Reid Darine
Bought by
Avocado Tree Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2018
Sold by
Cuba Armando Dla
Bought by
Avocado Tree Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 1997
Sold by
La Cuba Darine D
Bought by
Dlacuba Darine and Dlacuba Armando
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Sound Equity High Income Debt Fund Llc $3,361,346 None Listed On Document
Kordian Avraham -- Provident Title Company
Kordian Avraham -- None Available
Reid Darine -- Accommodation
Avocado Tree Llc $400,000 Old Republic Title Company
Avocado Tree Llc $400,000 Old Republic Title
Dlacuba Darine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kordian Avraham $200,000
Previous Owner Avocado Tree Llc $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2018 08/24/18 Sold $400,000 -4.9% $226 / Sq Ft
05/18/2018 05/18/18 Price Changed $420,500 -6.6% $238 / Sq Ft
05/15/2018 05/15/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $450,000 -- $255 / Sq Ft
Source: The MLS

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 $5,585 $446,204 $334,654 $111,550
2024 $5,585 $437,456 $328,093 $109,363
2023 $5,481 $428,879 $321,660 $107,219
2022 $5,232 $420,470 $315,353 $105,117
2021 $5,162 $412,226 $309,170 $103,056
2019 $5,011 $400,000 $300,000 $100,000
2018 $2,009 $148,736 $43,739 $104,997
2017 $1,966 $145,821 $42,882 $102,939
2016 $1,904 $142,963 $42,042 $100,921
2015 $1,878 $140,817 $41,411 $99,406
2014 $1,898 $138,059 $40,600 $97,459
Source: Public Records

Agents Affiliated with this Home

  • Vinny Jain

    Seller's Agent in 2018

    Vinny Jain

    Ingenious Asset Group, Inc.

    (310) 997-2552

    76 Total Sales

    Vinny Jain
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Map

Source: The MLS

MLS Number: 18-311294

The MLS

APN: 6041-003-034

California Los Angeles County Los Angeles 90003 Broadway-Manchester

127 E 88th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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