204 E 88th ST #204, Los Angeles, CA 90003
204 E 88th ST #204, Los Angeles, CA 90003
204 E 88th ST #204, Los Angeles, CA 90003
204 E 88th ST #204, Los Angeles, CA 90003
204 E 88th ST #204, Los Angeles, CA 90003
204 E 88th ST #204, Los Angeles, CA 90003
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 1,395,000
Est. payment | /mo

9 Beds

4 Baths

2,410 SqFt

Save
$ 1,395,000
Est. payment | /mo
Save

9 Beds

4 Baths

2,410 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,410 sqft

Price per Sqft $578

MLS Listing ID 26731983

Bedrooms 9

HOA Y/N No

Year Built 1926

Lot Size 4,098 Sqft

Property Description

Brand-new four-unit property featuring two separate structures, offering an excellent opportunity for investors or owner-users. The front Duplex includes a 652 sq ft 2-bedroom / 1-bath unit and a 762 sq ft 3-bedroom / 1-bath unit. The rear structure consists of two ADU units, each 498 sq ft, with one unit on each level.The property is fully vacant, providing flexibility for an investor to lease all units or for an owner-occupant to live in one unit while generating strong rental income from the others. With its layout and upgrades, the property offers excellent income potential and the possibility of a high cap rate.Both buildings are completely upgraded with new roofs, high-efficiency mini-split AC units in all rooms, new high-efficiency windows, fully insulated attics and walls, luxury vinyl plank flooring, and abundant natural sunlight throughout with bright, well-designed layouts.The kitchens feature new soft-close cabinets and drawers, quartz countertops, tile backsplashes, new kitchen sinks with garbage disposals, and provisions for stackable washer and dryer.Bathrooms are upgraded with new tile, water-efficient toilets and faucets, LED mirrors, and new vanities with sinks.The Duplex units include high-efficiency gas tankless water heaters, while the ADU units are fully electric with high-efficiency electrical storage water heaters.New appliances will be provided at closing, including microwave, dishwasher, cooktop, and refrigerator.The ADU units include solar panels (to be delivered), allowing the future owner to charge tenants for solar usage rather than standard electricity, creating an opportunity to increase monthly income and improve overall property cash flow.Conveniently located just off S. Broadway near 88th Street, the property offers easy access to shopping, dining, public transit, and major freeways, making it attractive for tenants seeking connectivity and everyday convenience.A rare opportunity to own a brand-new, fully upgraded four-unit property with strong income potential in Los Angeles.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LARD2

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator

Exterior

Parking Features Driveway

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6041013019

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Dezireh Haghayeghi Keller Williams Beverly Hills #02083315

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.