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$2,100,000
Est. payment /mo
6,436 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,436 sqft
Price per Sqft $326
MLS Listing ID CL25531745
HOA Y/N No
Year Built 1936
Lot Size 9,659 Sqft
Acres 0.22
Property Sub-Type Other
Property Description
We are proud to present 1152 W 88th St, a well-located 10-unit multifamily community in Los Angeles, priced attractively at an 8.52% CAP and 7.99 GRM on current rents, with significant upside potential to achieve an 10.08% CAP and 7.04 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 buildings, a two-story front structure and a single-story rear building offering a total of 6,438 rentable square feet. Built in 1936, the property sits on a generous 9,659 SF LCR320U-zoned corner lot with valuable alley access. The unit mix features 100% two-bedroom units, with 3 units delivered VACANT at closing, presenting an immediate opportunity. Contact the listing broker for additional details.
Location
State CA
County Los Angeles
Zoning LCR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 6047009022
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Listed by Casey Lins • Kidder Mathews of California, Inc.
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