1230 88th, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$950,000$1,378/sqft
Est. Value: $736,162
-22%
AboveEstimate
1230 88th, Los Angeles, California 90044
0Bed
0Bath
1,378Sqft
6,086Lot
Price Vs. Estimate
The estimated value ($736,162.15) is $213,837.85 (22%) lower than the list price ($950,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Income Potential / Flexible Configuration: The property has been strategically converted into five separate living spaces (3-bed, 2-bed, two 1-bed, and a studio) with 'strong rents,' offering significant income generation or versatile multi-generational living options.
Top Cons:
Zoning and Permitting Concerns: Listed as a 'Single Family Residence' but converted into five separate units, this raises significant concerns regarding zoning compliance and unpermitted alterations, requiring extensive buyer due diligence.
Compared to the nearby listings
Price:$950.0K vs avg $650.0K (+$300,000)93%
Size:1,378 sqft vs avg 1,290 sqft57%
Price/sqft:$689 vs avg $51091%
More Insights
Built in 1980 (46 years old).
Condition: Built in 1980, this property is over 40 years old. The exterior image reveals significant signs of age and deferred maintenance, including an aged roof, cracked driveway, and unkempt landscaping. Crucially, the complete absence of interior photos, particularly for the kitchen and bathrooms, strongly suggests these critical areas are outdated, in poor condition, and require substantial renovation. The description of conversion into five separate spaces implies a focus on income-generating functionality rather than modern aesthetic or structural updates, further supporting the need for extensive rehabilitation.
Year Built
1980
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$689
HOA
-
Days on market
-
Sold On
-
MLS number
SB26007771
Home ConditionPoor
Features
View-
About this home
Single family home that has been converted to five separate spaces. Showing as a 3 bed, a 2 bed, two 1 bed, and one studio with strong rents. Perfect property for multi generational living! Home is divided for private living for multiple families . Conveniently located near schools, freeways, shopping and entertainment. Los Angeles continues to see major revitalization and long-term investment, with billions being poured into infrastructure, transportation, and development ahead of the 2028 Olympics. Do not disturb occupants, contact listing agent for showings. Buyer to do their due diligence. Do not disturb occupants.
E
Erick Claudio
Listing Agent
Price History
Date
Event
Price
06/17/24
Sold
$799,000
04/26/16
Sold
$390,000
04/23/10
Sold
$300,000
11/13/09
Sold
$130,000
08/03/06
Sold
$402,000
Condition Rating
Poor
Built in 1980, this property is over 40 years old. The exterior image reveals significant signs of age and deferred maintenance, including an aged roof, cracked driveway, and unkempt landscaping. Crucially, the complete absence of interior photos, particularly for the kitchen and bathrooms, strongly suggests these critical areas are outdated, in poor condition, and require substantial renovation. The description of conversion into five separate spaces implies a focus on income-generating functionality rather than modern aesthetic or structural updates, further supporting the need for extensive rehabilitation.
Pros & Cons
Pros
High Income Potential / Flexible Configuration: The property has been strategically converted into five separate living spaces (3-bed, 2-bed, two 1-bed, and a studio) with 'strong rents,' offering significant income generation or versatile multi-generational living options.
Strategic Location & Market Growth: Located in Los Angeles, an area experiencing 'major revitalization and long-term investment' ahead of the 2028 Olympics, suggesting strong potential for future property value appreciation.
Convenient Accessibility: The property boasts a convenient location near schools, freeways, shopping, and entertainment, enhancing its desirability for both residents and potential tenants.
Multi-Generational Living Solution: Explicitly marketed as 'perfect property for multi generational living,' it caters to a growing demographic seeking shared but private living arrangements.
Recent Market Activity: A recent sale at $799,000 (June 2024) and current listing at $950,000 indicate strong market demand and potential for rapid value growth in the area.
Cons
Zoning and Permitting Concerns: Listed as a 'Single Family Residence' but converted into five separate units, this raises significant concerns regarding zoning compliance and unpermitted alterations, requiring extensive buyer due diligence.
Occupancy & Showing Limitations: The instruction 'Do not disturb occupants, contact listing agent for showings' suggests limited access for property viewings and inspections, potentially hindering buyer interest and thorough evaluation.
Non-Standard Layout & Condition: The conversion into multiple small units within a 1378 sqft footprint means the property is unlikely to function as a traditional single-family home, limiting its appeal to conventional buyers and implying potential 'as-is' condition challenges.