1152 W 88Th St Los Angeles, CA 90044
10-unit multifamily property with significant upside potential in Los Angeles.
Lot size:
0.22 AcresProperty Features for 1152 W 88Th St
General Information
- Lot size
- 0.22 Acres
Building Details
- Year built
- 1936
Source:
Elliman
Listing Agency: Kidder Mathews of California, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Los Angeles Multifamily Investment Opportunity
Located south of Manchester Ave and west of Vermont Ave in Los Angeles, the property at 1152 W 88th St is a 10-unit multifamily community. The property offers connectivity with proximity to the 110 Freeway, multiple Metro stations, and access to Downtown Los Angeles, Inglewood, Lennox, and Crenshaw. Constructed in 1936, the property includes two buildings: a two-story front structure and a single-story rear building. These buildings provide a total of 6,438 rentable square feet on a 9,659 SF LCR320U-zoned corner lot that features alley access. The unit mix consists entirely of two-bedroom units. Three units will be delivered vacant at closing, offering an opportunity for renovation and rent increases.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.2955873
- Latitude
- 33.9577512
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FAQs
What type of property is this?
Apartment building - 10-unit multifamily property with significant upside potential in Los Angeles.
Where is this apartment building located?
The property is located at 1152 W 88Th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: - Priced attractively at a 9.81% CAP and 7.22 GRM on current rents.; - Significant upside potential to achieve an 11.15% CAP and 6.54 GRM upon stabilization.; - Three vacant units at closing, offering immediate renovation and rent increase opportunities.