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    New Los Angeles Four-Unit Property Title is generated by Realmo AI

    204 E 88th St, Los Angeles, CA 90003

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    For Sale
    $1,245,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    2,410 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $516/SF
    Added:
    Apr 15, 2026
    Days on Market:
    52
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 204 E 88th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    LARD2
    Bedrooms
    9
    Bathrooms
    4
    Rooms
    Bedroom 6, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 8, Bathroom 2, Bedroom 3, Bedroom 9, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4
    Parking features
    Driveway
    Standard status
    Active
    APN
    6041-013-019
    Size
    2,410 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1926
    Floors in Building
    2
    Number of units
    4

    We can help!

    Listing Contact
    Dezireh Haghayeghi

    Listing agent Dezireh Haghayeghi License #02083315

    Listing office Keller Williams Beverly Hills 439 N Canon Dr. Suite 300, Beverly HIlls, CA

    Listing date Apr 15, 2026

    MLS# 26731983 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Brand‑new, fully vacant four‑unit property offering flexibility for investors or owner‑users.
    • Strong income potential with the possibility of a high cap rate.
    • Completely upgraded with new roofs, high‑efficiency mini‑split AC units, windows, insulation, flooring, kitchens, and bathrooms.
    • ADU units include solar panels, allowing for increased monthly income.
    • New appliances included: microwave, dishwasher, cooktop, and refrigerator.
    • Convenient location near shopping, dining, public transit, and major freeways.

    Overview

    This brand-new four-unit property features two separate structures, presenting an opportunity for investors or owner-users. The front duplex includes a 652 square foot 2-bedroom, 1-bath unit and a 762 square foot 3-bedroom, 1-bath unit. The rear structure consists of two ADU units, each 498 square feet, 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 rental income from the others. The property offers income potential and the possibility of a high cap rate. Both buildings are 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 natural sunlight throughout with bright 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. Located off S. Broadway near 88th Street, the property offers access to shopping, dining, public transit, and major freeways. The lot size is 0.0941 acres and the property size is 2410 square feet. The zoning is LARD2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.271392
    Latitude
    33.956975

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    FAQs

    What type of property is this?
    Quadplex - Brand-new, fully upgraded four-unit property with strong income potential.
    Where is this quadplex located?
    The property is located at 204 E 88th St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,245,000.
    What are key features of this property?
    This property features: Brand‑new, fully vacant four‑unit property offering flexibility for investors or owner‑users.; Strong income potential with the possibility of a high cap rate.; **Completely upgraded with new roofs, high‑efficiency mini‑split AC units, windows, insulation, flooring, kitchens, and bathrooms.**
    (310) 626-2096
    We can help!
    Listing Contact
    Dezireh Haghayeghi
    Real Estate License ID: 02083315
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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