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231 W 88th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

231 W 88th Street, Los Angeles, California 90003 home-pic-0
ACTIVE UNDER CONTRACT$449,900
231 W 88th Street, Los Angeles, California 90003
0Bed
0Bath
1,907Sqft
5,351Lot
Year Built
1912
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
$236
HOA
-
Days on market
-
Sold On
-
MLS number
SB25257098
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $449.9K(5th), sqft - 1907(50th), beds - undefined(50th), baths - undefined(50th).

Investor Opportunity – 3 Units in Prime Los Angeles Location - Subject to cancelation of previous escrow! Rare chance to own a fully tenant-occupied triplex in the heart of Los Angeles, perfect for the seasoned or beginner investor seeking steady rental income from day one. This unique property features a charming front 2-bedroom house and two additional 1-bedroom units, each located on the second level of their respective structures, offering privacy and elevated living. Situated within walking distance to public transportation, shopping, and local amenities, this location offers strong tenant demand and long-term rental appeal. The property will be delivered as-is and with tenants in place, presenting a turnkey investment opportunity with no vacancy downtime. Don't miss this solid income-generating property in one of L.A.’s high-demand rental markets.

Price History

Date
Event
Price
11/09/25
Listing
$449,900
Condition Rating
Poor
Built in 1912, this property is over a century old and shows no signs of significant recent renovations. The visible kitchen is extremely outdated with old-style cabinets, basic laminate countertops, and very old appliances. Living areas feature worn, dark carpets, dated light fixtures, and general wear and tear throughout. The 'as-is' sale condition and the property's age strongly indicate a need for substantial repairs, rehabilitation, and major system replacements to meet modern standards, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Income-Generating Triplex: The property is a triplex featuring a 2-bedroom house and two 1-bedroom units, providing diversified and steady rental income streams.
Fully Tenant-Occupied & Turnkey: Delivered fully tenant-occupied, this property offers immediate rental income and a turnkey investment opportunity with no vacancy downtime.
Prime Los Angeles Location: Situated in the heart of Los Angeles, it benefits from a high-demand rental market and strong long-term rental appeal.
Excellent Walkability & Amenities: Its location within walking distance to public transportation, shopping, and local amenities enhances tenant desirability and convenience.
Investor Opportunity: Marketed as a solid income-generating asset, it's ideal for both seasoned and beginner investors seeking consistent cash flow.

Cons

As-Is Condition: The property is being sold 'as-is,' which may imply a need for immediate repairs, renovations, or deferred maintenance at the buyer's expense.
Historic Property Age: Built in 1912, the property is over a century old, potentially leading to higher maintenance costs and the need for updates to plumbing, electrical, or structural systems.
Previous Escrow Cancellation: The listing states it's 'subject to cancelation of previous escrow,' which could indicate undisclosed issues or complications that caused a prior deal to fall through.

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