1152 W 88th Street, Los Angeles, CA 90044
List Price: $1.85M
Listing Status: Active
Original List Price: $2.1M
0Days on Market: 255
20 Bedrooms · 10 Bathrooms · 6,436 sq ft
Property Type: ResidentialIncome
Year Built: 1936
Lot Size: 9,659 sq ft
MLS Number: 25609415
About This Property
We are proud to present 1152 W 88th St, a well-located 10-unit multifamily community in Los Angeles, priced attractively at a 9.08% CAP and 7.63 GRM on current rents, with significant upside potential to achieve an 11.40% CAP and 6.41 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 buildingsa two-story front structure and a single-story rear buildingoffering a total of 6,438 rentable square feet with a unit mix that features 9 two-bedroom units and 1 one-bedroom unit. Built in 1936, the property sits on a generous 9,659 SF LCR320U-zoned corner lot with valuable alley access. Contact the listing broker for additional information.
Listing provided by: Casey Lins DRE #01902650 858-369-3010 Casey.Lins@kidder.com, Kidder Mathews of California, Inc.
Source: CRMLS, MLS #: 25609415
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.