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$2,100,000
Est. payment /mo
20 Beds
10 Baths
6,436 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,436 sqft
Price per Sqft $326
MLS Listing ID 25531745
Bedrooms 20
HOA Y/N No
Year Built 1936
Lot Size 9,657 Sqft
Lot Dimensions Assessor
Property Description
We are proud to present 1152 W 88th St, a well-located 10-unit multifamily community in Los Angeles, priced attractively at an 8.52% CAP and 7.99 GRM on current rents, with significant upside potential to achieve an 10.08% CAP and 7.04 GRM upon stabilization. Nestled just south of Manchester Ave and west of Vermont Ave, this property offers excellent connectivity with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, and Crenshaw. The property is comprised of two buildings, a two-story front structure and a single-story rear building offering a total of 6,438 rentable square feet. Built in 1936, the property sits on a generous 9,659 SF LCR320U-zoned corner lot with valuable alley access. The unit mix features 100% two-bedroom units, with 3 units delivered VACANT at closing, presenting an immediate opportunity. Contact the listing broker for additional details.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 3
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6047009022
Special Listing Condition Standard
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Listed by Casey Lins • Kidder Mathews of California, Inc.