Los Angeles, CA 90044,1152 W 88th St
Los Angeles, CA 90044,1152 W 88th St
Los Angeles, CA 90044,1152 W 88th St
21
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$1,950,000
Est. payment /mo
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20 Beds
10 Baths
6,436 SqFt
Price Dropped by $150K

1152 W 88th St Los Angeles, CA 90044

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,436 sqft

Price per Sqft $302

MLS Listing ID 25609415

Bedrooms 20

Year Built 1936

Lot Size 9,659 Sqft

Acres 0.2217

Property Sub-Type Multi-Family

Property Description

We are proud to present 1152 W 88th St, a well-located 10-unit multifamily community in Los Angeles, priced attractively at a 9.81% CAP and 7.22 GRM on current rents, with significant upside potential to achieve an 11.15% CAP and 6.54 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 for renovation and rent increases. Contact the listing broker for additional information.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LCR320U*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Other

Exterior

Parking Features Driveway

Garage Spaces 2.0

Building

Lot Description Single Lot

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Kidder Mathews of California, Inc.

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Asianna Joyce

Asianna Joyce

Agent | License ID: 02204089

+1(310) 717-8030

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1152 W 88th St