$1,995,000
1152 W 88th ST Los Angeles, CA 90044
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$1,995,000
Est. payment /mo
16 BD
8 BA
5,122 SqFt
Active
1152 W 88th ST Los Angeles, CA 90044
UPDATED:
09/30/2024 06:53 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,122 sqft
Price per Sqft $389
MLS Listing ID 24391819
Bedrooms 16
HOA Y/N No
Year Built 1936
Lot Size 9,657 Sqft
Property Description
Part of an 8 Building Portfolio! Can be sold individually or as a portfolio. 1152 W 88th St is a mostly stabilized 10 unit apartment building located in unincorporated Los Angeles County. Offering a compelling 8.52 GRM and 8.18% Cap Rate, 1152 W 88th St stands as a prime opportunity for investors seeking healthy cash flow in an expanding submarket of Los Angeles County. With an excellent unit mix of (9) 2-Bed/1-Bath Units and (1) 1-Bed/1-Bath, this 8.18% Cap is still only $199,500k/Unit for such a strong unit mix. In the heart of this vibrant submarket, a fusion of established local gems and burgeoning new constructions awaits, offering potential tenants an enticing blend of neighborhood charm and modern amenities.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Garage Garage, Shared Driveway, Side By Side, Tandem, Uncovered
Pool None
Parking Type Garage, Shared Driveway, Side By Side, Tandem, Uncovered
Total Parking Spaces 3
Private Pool No
Building
Lot Description Rectangular Lot
Faces North
Story 2
Entry Level Multi/Split
Sewer Other
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6047009022
Special Listing Condition Standard
Listed by Peter James • Lyon Stahl Investment Real Estate, Inc.
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