Est. cap rate

3.5%

Assumed rent, all units

$5,490/mo

Units

3

Price per unit

$316,667

Est. annual NOI

$32,940

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

1,811 sqft

Lot size

6,088 sqft

Year built

1920

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

6

MLS #

245966488

About this property

Welcome to 1221 W 88th St, a versatile triplex offering an excellent opportunity for investors or owner users. The property features a spacious 3 bedroom, 2 bathroom front house, plus two rear 1 bedroom, 1 bathroom units, providing a total of 5 bedrooms and 4 bathrooms. One unit will be delivered vacant at close of escrow. This is the current owner occupied unit and offers a great opportunity for an owner user to move in while generating rental income from the other two units. The property also offers excellent off street parking. The front driveway accommodates 2 cars, while the rear units have their own separate driveway accessible through the alley, providing parking for up to 5 additional vehicles. The generous parking is a great feature for both residents and guests. With three separate units, a desirable unit mix, substantial parking, and one unit delivered vacant, this property offers flexibility for rental income, extended family living, or an owner user looking to offset expenses with rental income. FHA and VA financing welcome! Conveniently located in South Los Angeles with easy access to major streets, transportation, shopping, dining, and everyday amenities. Don't miss this opportunity to own a triplex with excellent parking and owner user potential.

Location

1221 W 88th

Los Angeles, Los Angeles, CA, 90044