Silvestre Medel
Excellence RE Real Estate, Inc.
(858) 256-8987
56 Total Sales
2 in Vermont Vista
$719K - $799K Price Range
501 W 88th St Los Angeles, CA 90044
Vermont Vista NeighborhoodEstimated Value: $593,000 - $621,000
6
Beds
4
Baths
2,208
Sq Ft
$274/Sq Ft
Est. Value
About This Home
As of June 2025501 W 88th St is a 4-unit property located in South Los Angeles. Situated on a large 3,232 SF lot, this property offers a total of 2,208 SF of living space, featuring a mix of (2) 2-bed/1-bath units and (2) 1-bed/1-bath units. It boasts strong income potential with a 5.04% current CAP rate and incredible upside, offering a 48% rental upside, a 9.45% market CAP rate, and an 7.10 market GRM. Conveniently located right off Manchester Ave with easy access to the 110 Freeway, this property is positioned in a desirable South LA location with strong rental demand.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 02/10/2025
Co-Listed By
Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 3,232 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 2,208 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 1
- Assessor Parcel Number 6038009028
- $431 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 4 Units
Recreation
- Bike Trail
Building Details
- 4 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $4,171
- Maintenance Expense $8,850
- Other Expense $7,149
- Pest Control $300
- New Taxes Expense $9,852
- Operating Expense $31,522
- Gross Income $71,485
- Net Operating Income $37,819
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 10, 2025
Closed on
Apr 8, 2025
Sold by
Bought by
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
List Price
$750,000
Sold Price
$615,000
Premium/Discount to List
-$135,000
-18%
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,333
Avg. Annual Appreciation
-1.45%
Original Mortgage
$1,689,000
Interest Rate
6.81%
Mortgage Type
Construction
Purchase Details
Closed on
Nov 24, 2009
Sold by
Bought by
Purchase Details
Closed on
Jan 10, 2008
Sold by
Bought by
Purchase Details
Closed on
Nov 10, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,800
Interest Rate
6.16%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Jan 19, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,915
Interest Rate
5.67%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Nov 25, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.28%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 5, 2001
Sold by
Bought by
Purchase Details
Closed on
Mar 18, 1997
Sold by
Bought by
Purchase Details
Closed on
Feb 10, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Vermont Vista, CA
-
Silvestre Medel
-
Jeffrey Russell
Jeffrey Russell
Russell Realty Group
(626) 604-2792
113 Total Sales
1 in Vermont Vista
$716,000 Price
-
Daniel Avendano
Daniel Avendano
Century 21 Allstars
(424) 360-2126
46 Total Sales
1 in Vermont Vista
$580,000 Price
-
Alex Sanchez
Alex Sanchez
eXp Realty of Southern California, Inc.
(562) 261-0539
63 Total Sales
1 in Vermont Vista
$540,000 Price
-
Francisco Montes
Francisco Montes
Compass
(424) 414-7369
32 Total Sales
1 in Vermont Vista
$643,500 Price
-
Vern Lovett
Vern Lovett
A Team Real Estate
(858) 302-4509
39 Total Sales
1 in Vermont Vista
$340,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $615,000 | First American Title Company | ||
| $225,000 | Advantage Title Inc | ||
| $501,500 | Landsafe Title | ||
| $649,000 | Fidelity Long Beach | ||
| -- | Southland Title Company | ||
| $250,000 | -- | ||
| $155,000 | Lawyers Title | ||
| $47,500 | Southland Title Corporation | ||
| $41,520 | Southland Title Corporation |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,689,000 | ||
| Previous Owner | $129,800 | ||
| Previous Owner | $519,200 | ||
| Previous Owner | $424,000 | ||
| Previous Owner | $117,915 | ||
| Previous Owner | $230,000 | ||
| Previous Owner | $70,000 | ||
| Previous Owner | $35,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/06/2025 06/06/25 | Sold | $615,000 | -18.0% | $279 / Sq Ft |
| 02/27/2025 02/27/25 | Pending | -- | -- | -- |
| 02/10/2025 02/10/25 | For Sale | $750,000 | -- | $340 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,907 | $290,416 | $232,338 | $58,078 |
| 2024 | $3,843 | $284,723 | $227,783 | $56,940 |
| 2023 | $3,779 | $279,141 | $223,317 | $55,824 |
| 2022 | $3,619 | $273,669 | $218,939 | $54,730 |
| 2021 | $3,562 | $268,304 | $214,647 | $53,657 |
| 2019 | $3,464 | $260,348 | $208,282 | $52,066 |
| 2018 | $3,405 | $255,245 | $204,199 | $51,046 |
| 2016 | $3,243 | $245,336 | $196,271 | $49,065 |
| 2015 | $3,200 | $241,651 | $193,323 | $48,328 |
| 2014 | $3,237 | $236,919 | $189,537 | $47,382 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Lyon
Seller's Agent in 2025
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
2 in this area
132 Total Sales
-
Woody Stahl
Seller Co-Listing Agent in 2025
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
2 in this area
142 Total Sales
-
Olga Wright
Buyer's Agent in 2025
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
2 in this area
104 Total Sales
-
Evelyn Baez Gonzalez
Buyer Co-Listing Agent in 2025
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
(951) 902-3006
2 in this area
63 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25010518
APN: 6038-009-028
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.
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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