Property
Beds
20
Full Baths
None
1/2 Baths
None
Year Built
1936
Sq.Footage
6,436
We are proud to present 1152 W 88th St, a well-located 10-unit multifamily community in Los Angeles, priced attractively at an 8.65% CAP and 7.99 GRM on current rents, with significant upside potential to achieve an 9.63% CAP and 7.14 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 2 units delivered VACANT at closing, presenting an immediate opportunity for renovation and rent increases. Contact the listing broker for additional information.
Features & Amenities
Interior
-
Total Bedrooms
20
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Wall Furnace
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Driveway
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.2217
-
Property Type
Residential Income
Price
-
Sales Price
$2,100,000
-
Sq. Footage
6, 436
-
Price/SqFt
$326
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Casey Lins , Kidder Mathews of California, Inc.
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