1030 W 88th Street 1/4, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$1,199,000
1030 W 88th Street 1/4, Los Angeles, California 90044
0Bed
0Bath
2,900Sqft
6,087Lot
Year Built
1911
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$413
HOA
-
Days on market
-
Sold On
-
MLS number
SR25171903
Home ConditionExcellent
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.20M(91th), sqft - 2900(78th), beds - undefined(50th), baths - undefined(50th).
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!
Price History
Date
Event
Price
11/02/25
Price Change
$1,199,000-0.1%
07/31/25
$1,199,900
Condition Rating
Excellent
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.
Pros & Cons
Pros
Guaranteed & High Rental Income: 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.
Fully Remodeled Quadruplex: 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.
Significant ADU Potential: The property offers potential for adding Accessory Dwelling Units (ADUs), which presents a substantial opportunity for future value appreciation and increased rental income.
Ample Parking: With 3 covered garages and a total of 8-10 parking spaces, the property provides a highly desirable and valuable amenity in Los Angeles, enhancing tenant satisfaction and market appeal.
Solid Investment Opportunity: Positioned as a 'SOLID INVESTMENT PROPERTY,' its multi-unit nature and guaranteed income streams make it a robust asset for investors seeking consistent returns.
Cons
Age of Structure: 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.
Section 8 Tenant Concentration: 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.
ADU Development Responsibility: 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.