1030 W 88th Street 1/4, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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Los Angeles, California 90044
This Fully Remodeled Quadruplex Asset is listed at $1,199,000, representing a stable entry point relative to its $1,145,871 Fair Market Value. Featuring a Condition Score of 2, the property delivers immediate performance with a guaranteed $8,192 monthly rental income from four Section 8 units. The site includes 3 covered garages, 8-10 parking spaces, and significant ADU potential for forced appreciation. With new kitchens and laminate flooring throughout, this turnkey multi-unit is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a high-yield Los Angeles investment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1030 W 88th Street 1/4 Subject | $1,199,000* List Price | 0 | 0 | 2,900 | $395 | - |
A 9300 S Hoover Street Sold | $850,000 | 0 | 0 | 2,443 | $348 | 0.5 mi |
B 1344 W 83rd Place Sold | $1,410,000 | 0 | 0 | 3,996 | $353 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1911, the listing explicitly states 'FULLY REMODELED,' which is strongly supported by the provided images. The property features new laminate flooring throughout, freshly painted walls, and updated light fixtures including ceiling fans and recessed LEDs. The kitchens are equipped with new white cabinets, black appliances, and modern sinks. Bathrooms also appear fully renovated with new tub/shower combos, modern console sinks, and updated fixtures. All visible components are new or virtually new, indicating a comprehensive recent renovation that meets current quality standards for a functional, move-in ready property with no deferred maintenance.
All four units are Section 8 tenants, providing a stable and guaranteed monthly income of $8,192, which significantly minimizes vacancy and payment risks for an investor.
The property is a fully remodeled 4-plex, offering modern living spaces across its diverse unit mix (4-bed, 2-bed, two 1-bed units), making it an attractive turnkey investment.
The property offers potential for adding Accessory Dwelling Units (ADUs), which presents a substantial opportunity for future value appreciation and increased rental income.
Built in 1911, despite being fully remodeled, the underlying infrastructure of an older building may still present unforeseen maintenance challenges or require more significant capital expenditures over time compared to newer constructions.
While beneficial for income stability, having all tenants on Section 8 could potentially narrow the future buyer pool or introduce specific management considerations unique to government-assisted housing programs.
The explicit note that the 'Buyer is to do their own due diligence and obtain any permits with the city!' for ADU potential indicates that this value-add opportunity requires significant effort, time, and financial investment from the buyer, rather than being a ready-to-execute plan.
FULLY REMODELED 4-PLEX includes a Main house with 4 bedroom 2 bath - Rent $3243 (Sec 8), One 2 bedroom 1 bath - Rent $1970 (Sec 8), and TWO 1 bedroom 1 bath - Rent $1487 and $1492 (both Sec 8). A total rental income of $8,192 per month. There are 3 covered garages and a total parking spaces for 8-10 cars with potential for ADU's. Buyer is to do their own due diligence and obtain any permits with the city! With all tenants being section 8, this is a SOLID INVESTMENT PROPERTY waiting to be acquired. So don't miss out and submit your offer TODAY!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,900 | 2,143 | 77% |
| Lot Size | 6,087 | 6,078 | 52% |
| Price | $1.20M | $850.0K | 84% |
| Price per sq ft | $413 | $413 | 50% |
| Built year | 1911 | 1923 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 265 | 191 | 74% |
Nov 2, 2025
$1,199,000
$1,199,900
+0% Price Increase
Initial Listing
Jul 31, 2025
$1,199,900
Initial Listing