New 10-Unit Apartment
127 133 E 88th, Los Angeles, CA 90003
For Sale
$3,600,000
Four residential buildings contain eight four-bedroom residences and two JR ADUs.
Property Size10,000 SF
Days on Market97
Property Features for 127 133 E 88th
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Amenities
covered carports
landscaped areas
dedicated utility and storage space
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Circa Properties, Inc.
Listed By:
Kevin Kim · License CA #01909123
(562) 644-2833
Source:
Archetyperealty
Added: Aug 11
Changed: Nov 10
Last Checked: Nov 14 at 11:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Circa Properties, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2024, this 10-unit apartment property comprises four residential buildings with eight four-bedroom residences and two JR ADUs. The configuration includes private entrances, multiple bathrooms, covered carports, landscaped areas, and dedicated utility and storage space. New construction and modern finishes support a low-maintenance physical profile with limited near-term capital improvement requirements.
The property is located in South Los Angeles, approximately eight miles south of Downtown Los Angeles, with access to the I-110 and I-105 freeways. Schools, shopping, neighborhood services, and major employment centers are identified in the surrounding area. With 10 income-producing units and on-site parking, the asset combines a varied residential configuration with practical tenant-support features.
The property is located in South Los Angeles, approximately eight miles south of Downtown Los Angeles, with access to the I-110 and I-105 freeways. Schools, shopping, neighborhood services, and major employment centers are identified in the surrounding area. With 10 income-producing units and on-site parking, the asset combines a varied residential configuration with practical tenant-support features.
Key Highlights
- 10‑unit multifamily property completed in 2024
- Eight four‑bedroom residences plus two JR ADUs
- Four residential buildings with private entrances and multiple bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,908
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,218,160
$3.2M
Cap Rate 7%
$2,298,686
$2.3M
Cap Rate 9%
$1,787,867
$1.8M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$318.0K $31.80/SF
− Vacancy
−$25.4K −$2.54/SF
EGI
$292.6K $29.26/SF
− OpEx
−$131.7K −$13.17/SF
NOI
$160.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,218,160
Cap Rate 7%
$2,298,686
Cap Rate 9%
$1,787,867
Alternative Uses
Best Use
Apartment 5plus
$2.30M
$2.01M – $2.68M
NOI $160,908 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.07M
$3.57M – $4.75M
NOI $285,204 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four residential buildings contain eight four-bedroom residences and two JR ADUs.
Where is this apartment building located?
The property is located at 127 133 E 88th Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 10‑unit multifamily property completed in 2024; Eight four‑bedroom residences plus two JR ADUs; Four residential buildings with private entrances and multiple bathrooms
