Los Angeles, CA 90003 231 W 88th Street
$599,000
6 more
Presented By: Venus Martinez with Redfin Corporation; 562-201-3772
Beds • 4
Baths • 3
SQFT • 1,907
Garage • 2
Year Built • 1912
Home Details
Investor Opportunity – 3 Units in Prime Los Angeles Location
Rare chance to own a fully tenant-occupied triplex in the heart of Los Angeles, perfect for the seasoned or beginner investor seeking steady rental income from day one. This unique property features a charming front 2-bedroom house and two additional 1-bedroom units, each located on the second level of their respective structures, offering privacy and elevated living.
Situated within walking distance to public transportation, shopping, and local amenities, this location offers strong tenant demand and long-term rental appeal. The property will be delivered as-is and with tenants in place, presenting a turnkey investment opportunity with no vacancy downtime.
Don't miss this solid income-generating property in one of L.A.’s high-demand rental markets.
Presented By: Venus Martinez with Redfin Corporation; 562-201-3772
Interior Features for 231 W 88th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating Y/NYes
Interior AmenitiesLaminateCounters, MultipleStaircases, Unfurnished, AllBedroomsDown, BedroomOnMainLevel
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 231 W 88th Street
Additional Parcels Y/NNo
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesStreetLights, Sidewalks, Urban
Contingencynone
CoolingNone
CountyLos Angeles
DirectionsSouth on Broadway Left on 88
Electric On Property Y/NNo
Entry Locationdoor
Garage Spaces2.0
Garage Y/NYes
Gross Income39228.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet5351.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income36828.0
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Operating Expense2400.0
Pool FeaturesNone
PossessionCloseOfEscrow, SeeRemarks
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofAsphalt
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Stories2
Tax Lot7
Tenant PaysCableTv, Electricity, Gas
Total Actual Rent3269.0
Trash Expense1200.0
ViewNone
Virtual TourClick here
Water Sewer Expense1200.0
Year Built1912
Year Built SourcePublicRecords
ZoningLAR3
Exterior for 231 W 88th Street
Building Area Total1907.0
Crops Included Y/NNo
FencingChainLink, FairCondition
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLawn
Lot Size Acres0.1228
Lot Size Area5351.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesConcrete, GarageFacesFront, Garage
Private PoolNo
SpaNo
Total Parking2.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
