About this home

Built in 2024, 127-133 E. 88th Street is a turnkey 10-unit multifamily asset in South Los Angeles featuring eight four-bedroom residences and two JR ADUs. Unlike a typical value-add acquisition, this turnkey asset offers modern finishes, efficient new construction, and minimal near-term capital improvement requirements. The property consists of four residential buildings with eight spacious four-bedroom residences and two JR ADUs, providing a diverse mix of income streams within a single asset. Large, family-oriented floor plans, private entrances, multiple bathrooms, and extensive on-site parking create a highly rentable configuration designed to support durable tenant demand. Covered carports, landscaped areas, and dedicated utility and storage space further enhance the property's functionality and tenant appeal. Located approximately eight miles south of Downtown Los Angeles, with convenient access to the I-110 and I-105 freeways, the property is well positioned near major employment centers, schools, shopping, and neighborhood services. With 10 income-producing units, low-maintenance construction, and strong long-term rental potential, this E. 88th Street property offers investors an attractive combination of immediate cash flow and long-term appreciation.

Facts and features

Schools

• Dr. Owen Lloyd Knox Elementary School

  elementary · K-6 · 0.2 mi

  6

• Academy For Multiligual Arts And Science At Mervyn M. Dymally High

  high · 9-12 · 0.2 mi

  3

• Mary Mcleod Bethune Middle School

  middle · 6-8 · 1.4 mi

  3

• Mother Of Sorrows

  elementary · 0.1 mi

• Watts Learning Center Charter Middle

  middle · 6-8 · 0.2 mi

  5

• Tamika's Preschool

  elementary · K-1 · 0.4 mi

Price history

• Aug 11, 2026 · Listed$3,600,000
• Nov 26, 2024 · Listing Removed—
• Nov 18, 2024 · Price Changed$3,900,000
• Aug 29, 2024 · Price Changed$4,400,000
• Aug 12, 2024 · Listed$4,600,000
• Sep 12, 2019 · Listing Removed—
• Apr 13, 2019 · Relisted$899,000
• Apr 12, 2019 · Listing Removed—

Tax history

• 2025$5,695 tax · $1,795,200 assessed
• 2024$5,585 tax · $446,204 assessed
• 2023$5,481 tax · $428,879 assessed
• 2022$5,231 tax · $420,470 assessed
• 2021$5,162 tax · $412,226 assessed
• 2020$5,210 tax · $408,000 assessed
• 2019$5,011 tax · $400,000 assessed
• 2018$2,008 tax · $148,736 assessed

Home value

$4,227,869

• Quantarium$4,227,869

Where it is