242 W 88th, Los Angeles, California 90003, Los Angeles, 90003 - 4 bed, 3 bath
Loading property details...
242 W 88th
Los Angeles, California 90003
ACTIVE
CONDITION: GOOD
4Beds
3Baths
1,629Sq Ft
4,817Lot Size
Property Price
LIST PRICE$950,000
EST. MARKET VALUE
$848,572
11% AboveMARKET VALUE
SUMMARY
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at a List Price of $950,000—positioned above the $848,573 Fair Market Value. While the property carries a Condition Rating of 3, the inclusion of a brand-new, permitted 817 sq ft ADU provides immediate rental income potential. The vacant delivery of both units allows for flexible occupancy or market-rate leasing. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through strategic house-hacking in a centrally located, commuter-friendly South LA corridor.
Estimated Market Value
$848,572
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 |
|---|---|---|---|---|---|---|
★ 242 W 88th Subject | $950,000* List Price | 4 | 3 | 1,629 | $521 | - |
A 158 E 85th Sold | $825,000 | 0 | 0 | 1,453 | $568 | 0.5 mi |
B 253 E 82nd Sold | $750,000 | 0 | 0 | 1,612 | $465 | 0.8 mi |
C 344 E 81st Street Active | $795,000 List Price | 4 | 2 | 1,488 | $534 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property features a brand-new, permitted ADU (Excellent condition). The 1910 main house is well-maintained and move-in ready with updated laminate flooring and fresh paint, though the kitchen cabinetry and bathroom fixtures appear dated (15-20+ years), placing the main structure in Fair to Good condition overall.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & ADU
The property includes a brand-new, permitted 817 sq ft ADU that nearly doubles the livable space, offering exceptional flexibility for rental income or multi-generational living.
- Vacant Delivery
Both units are delivered vacant, a significant advantage for investors looking to set market-rate rents immediately or for buyers wishing to occupy one unit while renting the other without tenant complications.
- Strategic Location
Centrally located in South LA with easy access to the 110 Freeway, USC, and Downtown LA, ensuring high demand from commuters and students.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4817, other record lot size in square feet = 5453. Living area discrepancy between mls listing and other public or private record. mls listing living area = 812, other record living area = 1531. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 5.
- Vintage Main Structure
The primary residence was built in 1910, which may require more frequent maintenance or updates to aging infrastructure compared to the modern ADU.
- Compact Living Quarters
With both the main house and ADU measuring just over 800 sq ft for two-bedroom layouts, the individual living spaces are relatively small, which may limit appeal for larger households.
About 242 W 88th
Rare opportunity in South LA! Both units will be delivered VACANT!! This well-maintained 2 bedroom, 1 bath single family residence (812 sq ft) comes with a brand-new construction, permitted 817 sq ft ADU featuring its own 2 bedrooms and 1 bath — nearly doubling the livable space on the lot. Whether you're looking for multi-generational living, rental income potential, or a smart investment property, this home delivers flexibility and value in one package. The main house offers comfortable, move-in ready living, while the fully permitted ADU brings modern new construction quality — ideal for extended family, guests, or a tenant. Two separate living spaces, four bedrooms total, and endless possibilities. Ideally located in South LA, just minutes from Vermont Ave and Broadway corridors, with easy access to the 110 Freeway and convenient proximity to USC, Exposition Park, and Downtown LA. Nearby shopping, dining, and public transit make this a commuter-friendly, centrally located gem.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1910
- Lot Size
- 4,817 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
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 | 4.0 | 4.6 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,629 | 2,187.451 |
| Lot Size | 4,817 | 5,841.385 |
| Price | $950.0K | $841.5K |
| Price per sq ft | $583 | $385 |
| Built year | 1910 | 1928 |
| HOA | $0 | $0 |
| Days on market | 22 | 85 |
Pricing History
Listed for Sale
Aug 18, 2026
$950,000
Initial Listing