Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

10

Building size

6,436 sqft

Lot size

9,659 sqft

Year built

1936

Stories

2

Heating

Wall Furnace

Cooling

None

Status

Active

Days on market

255

MLS #

244911758

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.

Location

1152 W 88th Street

Los Angeles, Los Angeles, CA, 90044