1221 W 88th, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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1221 W 88th
Los Angeles, California 90044
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,811Sq Ft
6,088Lot Size
Property Price
LIST PRICE$950,000
EST. MARKET VALUE
$879,237
8% AboveMARKET VALUE
SUMMARY
This Triplex Residential Income Asset is a Strong Value Opportunity, listed at $950,000—positioned above the $879,238 Fair Market Value. While priced at a premium, the property features a Condition Rating of 3, offering a move-in ready state with updated cabinetry and laminate flooring. The 3-bedroom front house delivered vacant provides immediate Owner-Occupants the ability to house-hack, while the 7-car off-street parking ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors seeking a stable, income-generating property with FHA/VA financing eligibility.
Estimated Market Value
$879,237
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1221 W 88th Subject | $950,000* List Price | 0 | 0 | 1,811 | $485 | - |
A 8932 Orchard Sold | $960,000 | 0 | 0 | 1,890 | $508 | 0.5 mi |
B 1300 W 90th Street Sold | $870,000 | 6 | 3 | 1,708 | $509 | 0.2 mi |
C 9008 Baring Cross Sold | $825,000 | 4 | 2 | 1,562 | $528 | 0.5 mi |
D 1249 W 90th Place Active | $950,000 List Price | 4 | 3 | 1,677 | $566 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Despite the 1920 build date, the property has been well-maintained and renovated within the last 5-15 years. The kitchen features updated cabinetry and stone countertops, bathrooms have modern fixtures, and the interior boasts newer laminate flooring and crown molding. While it utilizes wall heaters rather than central HVAC, the electrical panel appears updated and the overall condition is move-in ready for an owner-user or tenants.
PROSSTRENGTHS & OPPORTUNITIES
- Owner-User Potential
The property features a spacious 3-bedroom front house delivered vacant at close, allowing an owner-occupant to move in immediately while utilizing rental income from the two rear units to offset mortgage costs.
- Exceptional Off-Street Parking
Rare for the area, the property provides parking for up to seven vehicles via a front driveway and a separate rear alley-accessible driveway, a significant draw for both tenants and owners.
- Financing Versatility
The property is eligible for FHA and VA financing, making it highly accessible to a broader range of buyers who may be looking for low down payment options on a multi-unit investment.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally built in 1920, the property may require significant capital expenditure for maintenance or upgrades to century-old systems such as plumbing, electrical, and roofing.
- High Density per Square Footage
With five bedrooms distributed across only 1,811 square feet of total living space, the individual units and rooms are likely compact, which could limit rental premiums.
About 1221 W 88th
Welcome to 1221 W 88th St, a versatile triplex offering an excellent opportunity for investors or owner users. The property features a spacious 3 bedroom, 2 bathroom front house, plus two rear 1 bedroom, 1 bathroom units, providing a total of 5 bedrooms and 4 bathrooms. One unit will be delivered vacant at close of escrow. This is the current owner occupied unit and offers a great opportunity for an owner user to move in while generating rental income from the other two units. The property also offers excellent off street parking. The front driveway accommodates 2 cars, while the rear units have their own separate driveway accessible through the alley, providing parking for up to 5 additional vehicles. The generous parking is a great feature for both residents and guests. With three separate units, a desirable unit mix, substantial parking, and one unit delivered vacant, this property offers flexibility for rental income, extended family living, or an owner user looking to offset expenses with rental income. FHA and VA financing welcome! Conveniently located in South Los Angeles with easy access to major streets, transportation, shopping, dining, and everyday amenities. Don't miss this opportunity to own a triplex with excellent parking and owner user potential.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1920
- Lot Size
- 6,088 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,811 | 2,187.451 |
| Lot Size | 6,088 | 5,841.385 |
| Price | $950.0K | $841.5K |
| Price per sq ft | $525 | $385 |
| Built year | 1920 | 1928 |
| HOA | $0 | $0 |
| Days on market | 26 | 85 |
Pricing History
Listed for Sale
Aug 14, 2026
$950,000
Initial Listing
Sold
Dec 6, 2018
$596,000
Public Record
Sold
Aug 6, 2014
$420,000
Public Record
Sold
Sep 24, 2013
$275,000
Public Record
Sold
May 27, 2003
$340,000
Public Record