204 E 88th St, Los Angeles, CA 90003

This brand-new four-unit property features two separate structures, presenting an opportunity for investors or owner-users. The front duplex includes a 652 square foot 2-bedroom, 1-bath unit and a 762 square foot 3-bedroom, 1-bath unit. The rear structure consists of two ADU units, each 498 square feet, with one unit on each level. The property is fully vacant, providing flexibility for an investor to lease all units or for an owner-occupant to live in one unit while generating rental income from the others. The property offers income potential and the possibility of a high cap rate. Both buildings are upgraded with new roofs, high-efficiency mini-split AC units in all rooms, new high-efficiency windows, fully insulated attics and walls, luxury vinyl plank flooring, and natural sunlight throughout with bright layouts. The kitchens feature new soft-close cabinets and drawers, quartz countertops, tile backsplashes, new kitchen sinks with garbage disposals, and provisions for stackable washer and dryer. Bathrooms are upgraded with new tile, water-efficient toilets and faucets, LED mirrors, and new vanities with sinks. The duplex units include high-efficiency gas tankless water heaters, while the ADU units are fully electric with high-efficiency electrical storage water heaters. New appliances will be provided at closing, including microwave, dishwasher, cooktop, and refrigerator. The ADU units include solar panels (to be delivered), allowing the future owner to charge tenants for solar usage rather than standard electricity, creating an opportunity to increase monthly income and improve overall property cash flow. Located off S. Broadway near 88th Street, the property offers access to shopping, dining, public transit, and major freeways. The lot size is 0.0941 acres and the property size is 2410 square feet. The zoning is LARD2.