NOT LISTED FOR SALE

224 W 88th Place Los Angeles, CA 90003

Broadway-Manchester Neighborhood

Estimated Value: $820,000 - $943,000

5 Beds
2 Baths
1,800 Sq Ft
$490/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $680,000 $378 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,398/month

35 Days on Market

About This Home

As of September 2021

GREAT OPPORTUNITY FOR INVESTMENT GATED PROPERTY. UPSTAIRS UNIT IS A 3 BEDROOM 1 BATH. DOWNSTAIRS UNIT TWO BEDROOM 1 BATH. BOTH UNITS ARE IN REALLY GOOD CONDITION. GRANITE KITCHEN COUNTER TOPS TILE FLOORING IN KITCHEN AND LIVINGROOM, LAMINATE FLOORING IN BEDROOMS. UPSTAIRS UNIT HAS TILE IN KITCHEN AND CARPETED BEDROOMS. AMPLE PARKING IN DRIVEWAY AND CONCRETE BACK YARD OR PLENTY OF SPACE TO BUILD ANOTHER UNIT IF PERMITTED.
WALL FURNACE AND AC AS WELL. EACH UNIT PAYS FOR THEIR OWN UTILITIES EXCEPT FOR WATER. LANDLORD PAYS FOR WATER. ONE OF THE UNITS IS VACANT. PLENTY SPACE FOR PARKING THEIR VEHICLES! LONG DRIVEWAY AND SOME SPACE IN THE BACK.
YOU HAVE TO SEE THIS TO APPRECIATE IT!! WELL KEPT.

Last Agent to Sell the Property

Teresa Donoso

RE/MAX CHAMPIONS WC License #01518281 Listed on: 06/12/2021

Last Buyer's Agent

Willie Harrison

Onyx Realty & Finc. Serv., Inc License #02043402

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,819

Year Built

  • Built in 1990 | Remodeled

Lot Details

  • 5,169 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 103
  • Tax Tract Number 672
  • Assessor Parcel Number 6040026036

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $700
  • Water Sewer Expense $1,320
  • Operating Expense $2,620
  • Gross Income $36,000
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,819

Year Built

Built in 1990 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Number: 626-215-6555
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1320.00
  • Zoning: LARD2
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6040026036
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Price Per Square Foot: 377.78

Exterior Features

  • Fence: No
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5169.00
  • Lot Size Acres: 0.1187

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 36000.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 700.00
  • Lot Size Area: 5169.0000 Square Feet
  • Net Operating Income: 36000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2400.00
  • Rent Control: Yes
  • Total Expenses: 2620.00

Tax Info

  • Tax Census Tract: 2402.00
  • Tax Lot: 103
  • Tax Tract Number: 672

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2021
Closed on
Jul 23, 2021
Sold by
Jessica I Luevano Revocable Living Trust
Bought by
Slaton Zedra
Seller's Agent
Teresa Donoso
RE/MAX CHAMPIONS WC
Buyer's Agent
Willie Harrison
Onyx Realty & Finc. Serv., Inc
List Price
$675,000
Sold Price
$680,000
Premium/Discount to List
$5,000
0.74%
Current Estimated Value
$882,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,016
Avg. Annual Appreciation
6.52%
Original Mortgage
$667,683
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 2010
Sold by
Luevano Jessica
Bought by
Luevano Jessica I and The Jessica I Luevano Revocable Living T
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
Slaton Zedra $680,000 Fidelity National Title
Luevano Jessica I -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Slaton Zedra $667,683
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2021 09/10/21 Sold $680,000 +0.7% $378 / Sq Ft
07/17/2021 07/17/21 Pending -- -- --
06/12/2021 06/12/21 For Sale $675,000 -- $375 / 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 $8,819 $721,621 $265,302 $456,319
2024 $8,819 $707,472 $260,100 $447,372
2023 $8,651 $693,600 $255,000 $438,600
2022 $8,251 $680,000 $250,000 $430,000
2021 $3,874 $303,083 $141,459 $161,624
2020 $3,909 $299,976 $140,009 $159,967
2019 $3,762 $294,095 $137,264 $156,831
2018 $3,680 $288,329 $134,573 $153,756
2016 $3,504 $277,136 $129,349 $147,787
2015 $3,455 $272,975 $127,407 $145,568
2014 $3,478 $267,629 $124,912 $142,717
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Teresa Donoso

    RE/MAX

    Section Image
  • Willie Harrison

    Buyer's Agent in 2021

    Willie Harrison

    Onyx Realty & Finc. Serv., Inc

    (562) 708-1036

    1 in this area

    36 Total Sales

    Willie Harrison
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21127592

California Regional Multiple Listing Service (CRMLS)

APN: 6040-026-036

California Los Angeles County Los Angeles 90003 Broadway-Manchester

224 W 88th Place, Los Angeles, CA

This home is located at 224 W 88th Place, Los Angeles, CA 90003 since 12 June 2021 and is currently estimated at $882,016, approximately $490 per square foot. This property was built in 1990. 224 W 88th Place is a home located in Los Angeles County with nearby schools including Dr. Owen Lloyd Knox Elementary School, Bret Harte Preparatory Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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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