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.
Under contract
Listing Provided by:
Venus Martinez DRE #01206834 562-201-3772,
Redfin Corporation,
Robert Sterling DRE #01305201 714-584-2700,
Redfin Corporation
$449,900
231 W 88th St, Los Angeles, CA 90003
4beds
1,907sqft
Est.:
Triplex
Built in 1912
-- sqft lot
$452,500 Zestimate®
$236/sqft
$-- HOA
What's special
- 209 days |
- 1,123 |
- 72 |
Zillow last checked: 8 hours ago
Listing updated: December 10, 2025 at 07:32am
Listing Provided by:
Venus Martinez DRE #01206834 562-201-3772,
Redfin Corporation,
Robert Sterling DRE #01305201 714-584-2700,
Redfin Corporation
Source: CRMLS,MLS#: SB25257088
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 3
- Main level bedrooms: 4
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathtub, Tub Shower
Kitchen
- Features: Laminate Counters
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: None
Features
- Laminate Counters, Multiple Staircases, Unfurnished, All Bedrooms Down, Bedroom on Main Level
- Flooring: Carpet, Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,907 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Garage Faces Front, Garage
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: door
- Pool features: None
- Spa features: None
- Fencing: Chain Link,Fair Condition
- Has view: Yes
- View description: None
Lot
- Size: 5,351 Square Feet
- Features: Lawn
Details
- Parcel number: 6040020007
- Zoning: LAR3
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Sidewalks, Urban
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $236/sqft
- Tax assessed value: $45,540
- Annual tax amount: $986
- Date on market: 11/9/2025
- Cumulative days on market: 210 days
- Listing terms: Cash,Cash to New Loan,Conventional
Estimated market value
$452,500
$430,000 - $475,000
$3,214/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/23/2025 | Listing removed | $449,900$236/sqft |
Source: | ||
| 11/9/2025 | Listed for sale | $449,900-18.2%$236/sqft |
Source: | ||
| 11/9/2025 | Listing removed | $550,000$288/sqft |
Source: | ||
| 10/14/2025 | Pending sale | $550,000$288/sqft |
Source: | ||
| 7/28/2025 | Price change | $550,000-8.2%$288/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $986 +5.1% | $45,540 +2% |
| 2024 | $938 +1.1% | $44,653 +2% |
| 2023 | $927 +3.5% | $43,784 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,777/mo
Principal & interest
$2185
Property taxes
$435
Home insurance
$157
Climate risks
Neighborhood: Southeast Los Angeles
Nearby schools
GreatSchools rating
- 5/10Dr. Owen Lloyd Knox Elementary SchoolGrades: K-6Distance: 0.2 mi
- 4/10Bret Harte Preparatory Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Academy For Multiligual Arts And Science At Mervyn M. Dymally HighGrades: 9-12Distance: 0.5 mi
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