Est. cap rate

2.7%

Assumed rent, all units

$4,300/mo

Units

2

Price per unit

$475,000

Est. annual NOI

$25,800

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

Duplex

Bedrooms

4

Bathrooms

3

Building size

1,629 sqft

Lot size

4,817 sqft

Year built

1910

Stories

1

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

5

MLS #

246149460

About this property

Rare opportunity in South LA! Both units will be delivered VACANT!! This well-maintained 2 bedroom, 1 bath single family residence (812 sq ft) comes with a brand-new construction, permitted 817 sq ft ADU featuring its own 2 bedrooms and 1 bath — nearly doubling the livable space on the lot. Whether you're looking for multi-generational living, rental income potential, or a smart investment property, this home delivers flexibility and value in one package. The main house offers comfortable, move-in ready living, while the fully permitted ADU brings modern new construction quality — ideal for extended family, guests, or a tenant. Two separate living spaces, four bedrooms total, and endless possibilities. Ideally located in South LA, just minutes from Vermont Ave and Broadway corridors, with easy access to the 110 Freeway and convenient proximity to USC, Exposition Park, and Downtown LA. Nearby shopping, dining, and public transit make this a commuter-friendly, centrally located gem.

Location

242 W 88th

Los Angeles, Los Angeles, CA, 90003