501 W 88th St is a 4-unit property located in South Los Angeles. Situated on a large 3,232 SF lot, this property offers a total of 2,208 SF of living space, featuring a mix of (2) 2-bed/1-bath units and (2) 1-bed/1-bath units. It boasts strong income potential with a 5.04% current CAP rate and incredible upside, offering a 48% rental upside, a 9.45% market CAP rate, and an 7.10 market GRM. Conveniently located right off Manchester Ave with easy access to the 110 Freeway, this property is positioned in a desirable South LA location with strong rental demand.
Sold for $615,000
Listed by: Lyon Stahl Investment Real Estate, Inc. • Brett Lyon • Contact: 310-706-4066
Bought with: Lyon Stahl Investment Real Estate, Inc.
$615,000
501 W 88th St, Los Angeles, CA 90044
6beds
4baths
2,208sqft
Mixed Use
Built in 1965
-- sqft lot
$815,800 Zestimate®
$279/sqft
$3,328 Estimated rent
Home value
$815,800
$718,000 - $914,000
$3,328/mo
Zestimate® history
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$3,901/mo
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Zillow last checked:
Listing updated:
Listed by:
Brett Lyon DRE #01717818 3107801899,
Lyon Stahl Investment Real Estate, Inc.,
Woody Stahl DRE #01399621 310-425-9838,
Lyon Stahl Investment Real Est
Bought with:
Olga Wright, DRE #01315042
Lyon Stahl Investment Real Estate, Inc.
Evelyn Baez Gonzalez, DRE #02103055
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: SB25010518
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,208
- Total interior livable area: 2,208 sqft
Property
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 3,232 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 6038009028
- Zoning: LAC2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $279/sqft
- Tax assessed value: $290,416
- Annual tax amount: $3,907
- Date on market: 2/10/2025
- Cumulative days on market: 17 days
- Listing terms: Conventional
- Total actual rent: 5894
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2025 | Sold | $615,000-18%$279/sqft |
Source:  CRMLS #SB25010518 Report a problem | ||
| 5/15/2025 | Pending sale | $750,000+233.3%$340/sqft |
Source: CRMLS #SB25010518 Report a problem | ||
| 12/2/2009 | Sold | $225,000-55.1%$102/sqft |
Source: Public Record Report a problem | ||
| 1/25/2008 | Sold | $501,500-22.7%$227/sqft |
Source: Public Record Report a problem | ||
| 12/28/2006 | Sold | $649,000+227.8%$294/sqft |
Source: Public Record Report a problem | ||
| 1/26/2005 | Sold | $198,000-20.8%$90/sqft |
Source: Public Record Report a problem | ||
| 12/9/2002 | Sold | $250,000+61.3%$113/sqft |
Source: Public Record Report a problem | ||
| 7/13/2001 | Sold | $155,000+226.3%$70/sqft |
Source: Public Record Report a problem | ||
| 4/9/1997 | Sold | $47,500$22/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,907 +1.7% | $290,416 +2% |
| 2024 | $3,843 +1.7% | $284,723 +2% |
| 2023 | $3,779 +4.4% | $279,141 +2% |
| 2022 | $3,619 +1.6% | $273,669 +2% |
| 2021 | $3,562 -0.9% | $268,304 +1% |
| 2020 | $3,593 | $265,554 +2% |
| 2019 | $3,593 +5.5% | $260,348 +2% |
| 2018 | $3,405 | $255,245 +2% |
| 2017 | $3,405 +2% | $250,242 +2% |
| 2016 | $3,338 +2.9% | $245,336 +1.5% |
| 2015 | $3,243 +0.2% | $241,651 +2% |
| 2014 | $3,237 | $236,919 +2.5% |
| 2012 | -- | $231,226 +2% |
| 2011 | -- | $226,693 +0.8% |
| 2010 | -- | $225,000 -48.1% |
| 2009 | -- | $433,500 -34.5% |
| 2008 | -- | $661,980 +2% |
| 2007 | -- | $649,000 +161.8% |
| 2006 | -- | $247,860 |
Find assessor info on the county website
Neighborhood: South Los Angeles
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Nearby schools
GreatSchools rating
- 6/10Manchester Avenue Elementary SchoolGrades: 1-6Distance: 0.2 mi
- 2/10Bret Harte Preparatory Middle SchoolGrades: 6-8Distance: 0.5 mi
- 3/10Academy For Multiligual Arts And Science At Mervyn M. Dymally HighGrades: 9-12Distance: 0.8 mi
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Estimated market value
$815,800
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Estimated market value
$815,800
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