Los Angeles, CA 90044,1152 W 88th St
Los Angeles, CA 90044,1152 W 88th St
Los Angeles, CA 90044,1152 W 88th St
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$2,100,000
Est. payment /mo
20 Beds
10 Baths
6,436 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 6,436 sqft

Price per Sqft $326

MLS Listing ID 25531745

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 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.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LCR320U*

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Uncovered

Garage Spaces 3.0

Building

Lot Description Single Lot

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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

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Name

Phone*

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Kirshner Elkin Properties

+1(424) 214-0133

hello@kirshnerelkinproperties.com

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