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20-Bedroom Residential Income - 1152 W 88th Street, Los Angeles, CA

$1,850,000

1152 W 88th Street, Los Angeles, CA

1152 W 88th Street, Los Angeles, CA 90044 - $1,850,000 · 20 bd 10 ba Multi-Family Home for Sale, photo 1 1152 W 88th Street, Los Angeles, CA 90044 - $1,850,000 · 20 bd 10 ba Multi-Family Home for Sale, photo 2 1152 W 88th Street, Los Angeles, CA 90044 - $1,850,000 · 20 bd 10 ba Multi-Family Home for Sale, photo 3 1152 W 88th Street, Los Angeles, CA 90044 - $1,850,000 · 20 bd 10 ba Multi-Family Home for Sale, photo 4 1152 W 88th Street, Los Angeles, CA 90044 - $1,850,000 · 20 bd 10 ba Multi-Family Home for Sale, photo 5
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Description

We are proud to present 1152 W 88th St, a well-located 10-unit multifamily community in Los Angeles, priced attractively at a 9.08% CAP and 7.63 GRM on current rents, with significant upside potential to achieve an 11.40% CAP and 6.41 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 buildingsa two-story front structure and a single-story rear buildingoffering a total of 6,438 rentable square feet with a unit mix that features 9 two-bedroom units and 1 one-bedroom unit. Built in 1936, the property sits on a generous 9,659 SF LCR320U-zoned corner lot with valuable alley access. Contact the listing broker for additional information.

Property details

Bedrooms
20
Bathrooms
10
Square feet
6,436
Year built
1936
Property type
Residential Income
Lot size
9,659 sqft

Location

1152 W 88th Street • Los Angeles, CA 90044

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Listed by

Casey Lins · Kidder Mathews of California, Inc.

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Listing courtesy of Kidder Mathews of California, Inc.. Information deemed reliable but not guaranteed.

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