NOT LISTED FOR SALE

1315 W 88th St Los Angeles, CA 90044

Westmont Neighborhood

Estimated Value: $859,000 - $1,147,000

9 Beds
4 Baths
2,844 Sq Ft
$375/Sq Ft Est. Value

Last Sold November 01, 2017

Last sale price $710,000 $250 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,850/month

96 Days on Market

About This Home

As of November 2017

4 Unit investment property in the heart of the city. Great mix of units. 1 3+1 and 3 2+1 units. Fully renovated in 2011. Zoning is LCR320U* Do Not Disturb Tenants.

Last Agent to Sell the Property

Juree Rambo

Rambo Real Estate Group License #01843137 Listed on: 05/25/2017

Last Buyer's Agent

Juan Moreno

New Aim Funding Inc. License #02009893

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,501

Year Built

  • Built in 1951

Lot Details

  • 6,085 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home
  • Density is up to 1 Unit/Acre

Home Design

  • 2,844 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas
  • Tax Lot 195
  • Tax Tract Number 6001
  • Assessor Parcel Number 6047006021

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • Operating Expense $5,600
  • Net Operating Income $58,552

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,501

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LCR320U*
  • Property Type: Residential Income
  • Parcel Number: 6047006021
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 249.65

Exterior Features

  • Direction Faces: South
  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6085.00

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 64152.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 58552.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 5600.00
  • Rent Control: No
  • Total Actual Rent: 5346.00
  • Total Expenses: 5600.00

Tax Info

  • Tax Census Tract: 6001.00
  • Tax Lot: 195
  • Tax Tract Number: 6001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2020
Sold by
Moreno Aydee
Bought by
Moreno Aydee C
Current Estimated Value
$1,066,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,008
Outstanding Balance
$703,938
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$362,106

Purchase Details

Closed on
Aug 26, 2019
Sold by
Wells Aisha Shere
Bought by
Moreno Aydee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,419
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Listed on
May 25, 2017
Closed on
Oct 11, 2017
Sold by
109 East 95Th Avenue Investors Llc
Bought by
Wells Aisha Shere
Seller's Agent
Juree Rambo
Rambo Real Estate Group
Buyer's Agent
Juan Moreno
New Aim Funding Inc.
List Price
$699,000
Sold Price
$710,000
Premium/Discount to List
$11,000
1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%
Original Mortgage
$697,140
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 2011
Sold by
Pakroo Sarkis
Bought by
109 East 95Th Avenue Investors Llc

Purchase Details

Closed on
Mar 23, 2011
Sold by
Pakroo Sarkis
Bought by
Pakroo Sarkis and Roghieh Inc

Purchase Details

Closed on
Dec 19, 2007
Sold by
Pakroo Sarkis
Bought by
1313 W 88Th Llc

Purchase Details

Closed on
Sep 20, 2007
Sold by
Trejo Norma
Bought by
Natan Ebrahim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2007
Sold by
Pakroo Sarkis
Bought by
Pakroo Sarkis and Natan Ebrahim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2007
Sold by
Natan Ebrahim
Bought by
Pakroo Sarkis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2007
Sold by
Pakroo Aurora
Bought by
Pakroo Sarkis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2005
Sold by
Esparza Rogelio
Bought by
Natan Ebrahim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,000
Interest Rate
5.76%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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
Moreno Aydee C -- Title Connect Inc
Moreno Aydee $805,000 Provident Title Company
Wells Aisha Shere $710,000 Chicago Title
109 East 95Th Avenue Investors Llc $209,000 None Available
Pakroo Sarkis -- None Available
1313 W 88Th Llc -- None Available
Natan Ebrahim -- None Available
Pakroo Sarkis -- None Available
Pakroo Sarkis $650,000 Fidelity Van Nuys
Pakroo Sarkis -- Fidelity Van Nuys
Natan Ebrahim $530,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moreno Aydee C $790,008
Closed Moreno Aydee $790,419
Previous Owner Wells Aisha Shere $697,140
Previous Owner Pakroo Sarkis $487,500
Previous Owner Natan Ebrahim $477,000
Previous Owner Esparza Rogelio $154,000
Previous Owner Esparza Rogelio $160,000
Previous Owner Esparza Rogelio $22,029
Previous Owner Esparza Rogelio $22,029
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2017 11/01/17 Sold $710,000 +1.6% $250 / Sq Ft
08/29/2017 08/29/17 Pending -- -- --
08/14/2017 08/14/17 Price Changed $699,000 0.0% $246 / Sq Ft
08/14/2017 08/14/17 For Sale $699,000 -1.5% $246 / Sq Ft
07/22/2017 07/22/17 Off Market $710,000 -- --
07/13/2017 07/13/17 Price Changed $719,000 -3.5% $253 / Sq Ft
05/25/2017 05/25/17 For Sale $745,000 -- $262 / 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 $12,501 $880,380 $656,186 $224,194
2024 $12,501 $863,119 $643,320 $219,799
2023 $11,961 $846,196 $630,706 $215,490
2022 $11,431 $829,605 $618,340 $211,265
2021 $11,321 $813,339 $606,216 $207,123
2019 $10,239 $724,200 $510,000 $214,200
2018 $10,088 $710,000 $500,000 $210,000
2017 $4,398 $226,188 $173,160 $53,028
2016 $4,287 $221,754 $169,765 $51,989
2015 $4,232 $218,424 $167,215 $51,209
2014 $4,248 $214,146 $163,940 $50,206
Source: Public Records

Agents Affiliated with this Home

  • Juree Rambo

    Seller's Agent in 2017

    Juree Rambo

    Rambo Real Estate Group

    (310) 980-1716

    1 in this area

    25 Total Sales

    Section Image

  • J

    Buyer's Agent in 2017

    Juan Moreno

    New Aim Funding Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17116433

California Regional Multiple Listing Service (CRMLS)

APN: 6047-006-021

California Los Angeles County Los Angeles 90044 Westmont

1315 W 88th St, Los Angeles, CA

This home is located at 1315 W 88th St, Los Angeles, CA 90044 since 25 May 2017 and is currently estimated at $1,066,044, approximately $374 per square foot. This property was built in 1951. 1315 W 88th St is a home located in Los Angeles County with nearby schools including La Salle Avenue Elementary School, Horace Mann Ucla Community, and George Washington Preparatory High 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

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