916 W 88th St Los Angeles, CA 90044
Vermont Vista NeighborhoodEstimated payment $5,208/month
Total Views
66,314
4
Beds
4
Baths
2,004
Sq Ft
$414
Price per Sq Ft
Highlights
- Quartz Countertops
- Double Pane Windows
- Recessed Lighting
- No HOA
- Park
- Ceiling Fan
About This Home
Updated and well maintained 4-unit property including recently built ADU offering strong rental income in the Vermont Vista neighborhood. This cash flowing property features spacious one bedroom bungalow units that were remodeled prior to current occupancy. This is a great investor opportunity offered at a 11.3 GRM and 6.0 Cap Rate on current rents with an additional 20% upside. Easy access to public transportation including the Metro Blue Line into downtown & south to the Ocean in Long Beach. Adjacent to the 110 (Harbor) Fwy & close proximity to local Elementary & Middle schools. Approximately 3 miles from the Downtown Inglewood Entertainment District including SoFi Stadium, Intuit Dome and Hollywood Park Development. 2/10 of a mile to the Algin Sutton Recreation Center with Tennis & Basketball Courts, Baseball, Soccer Fields, Fitness Zones, Play Areas & Swimming Pools. Don't miss out on this fantastic opportunity!
Listing Agent
Buckingham Investments, Inc Brokerage Phone: 818-795-4477 License #02059354 Listed on: 10/11/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,026
Year Built
- Built in 1923 | Remodeled
Lot Details
- 5,129 Sq Ft Lot
- No Common Walls
- Chain Link Fence
- Density is up to 1 Unit/Acre
Home Design
- Triplex
- Flat Roof Shape
- Partial Copper Plumbing
- Stucco
Interior Spaces
- 2,004 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Awning
- Insulated Doors
- Family Room
- Laminate Flooring
Kitchen
- Gas Range
- Microwave
- Quartz Countertops
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Home Security
- Window Bars
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 130
- Tax Tract Number 3354
- Assessor Parcel Number 6038021001
- $391 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 4 Units
Recreation
- Park
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,000
- Pest Control $600
- Water Sewer Expense $2,880
- New Taxes Expense $11,238
- Operating Expense $16,718
- Gross Income $72,924
- Net Operating Income $54,018
Map
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Home Values in the Area
Average Home Value in this Area
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 | $8,026 | $649,457 | $487,093 | $162,364 |
| 2024 | $8,026 | $636,724 | $477,543 | $159,181 |
| 2023 | $7,878 | $624,240 | $468,180 | $156,060 |
| 2022 | $7,523 | $612,000 | $459,000 | $153,000 |
| 2021 | $2,737 | $208,005 | $114,407 | $93,598 |
| 2020 | $2,759 | $205,873 | $113,234 | $92,639 |
| 2019 | $2,661 | $201,837 | $111,014 | $90,823 |
| 2018 | $2,552 | $197,881 | $108,838 | $89,043 |
| 2016 | $2,429 | $190,199 | $104,612 | $85,587 |
| 2015 | $2,395 | $187,343 | $103,041 | $84,302 |
| 2014 | $2,423 | $183,674 | $101,023 | $82,651 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Price Changed | $829,000 | -4.6% | $414 / Sq Ft |
| 05/01/2025 05/01/25 | Price Changed | $869,000 | -3.3% | $434 / Sq Ft |
| 03/10/2025 03/10/25 | Price Changed | $899,000 | -2.2% | $449 / Sq Ft |
| 01/09/2025 01/09/25 | For Sale | $919,000 | 0.0% | $459 / Sq Ft |
| 12/19/2024 12/19/24 | Off Market | $919,000 | -- | -- |
| 11/04/2024 11/04/24 | Price Changed | $919,000 | +2.2% | $459 / Sq Ft |
| 10/11/2024 10/11/24 | For Sale | $899,000 | 0.0% | $449 / Sq Ft |
| 06/18/2022 06/18/22 | Price Changed | $1,595 | -3.0% | $3 / Sq Ft |
| 06/16/2022 06/16/22 | Price Changed | $1,645 | -8.6% | $3 / Sq Ft |
| 06/07/2022 06/07/22 | For Rent | $1,800 | 0.0% | -- |
| 06/01/2022 06/01/22 | For Rent | $1,800 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | Stewart Title Of California | |
| Interfamily Deed Transfer | -- | Stewart Title Of California | |
| Interfamily Deed Transfer | -- | Stewart Title Of California | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Ticor Title Co Glendale | |
| Interfamily Deed Transfer | -- | Ticor Title Co Glendale |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $120,500 | Credit Line Revolving | |
| Previous Owner | $172,311 | New Conventional | |
| Previous Owner | $175,000 | New Conventional |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24211066
APN: 6038-021-001
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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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