127 E 88th St - Apartments FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$3,900,000 USD
424-226-9449
127 E 88th St, Los Angeles, CA for Sale
$3,900,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

127 E 88th St
Los Angeles, CA 90003
Canndu/Avalon Gardens


HIGHLIGHTS

  • Brand New Construction
  • Not Subject to LA City RSO
  • Majority four-bedroom/two-bathroom units
  • Delivered Vacant- hand pick your tenants

OVERVIEW

Lyon Stahl Investment Real Estate is pleased to present 127 E 88th Street in the City of Los Angeles. This new construction 10-unit is located in South Los Angeles near the 110 Freeway giving tenants easy access to the major economic hubs of Downtown Los Angeles and Downtown Long Beach. 127 E 88th Street is an 11,000 SF building on a 10,409 SF lot comprised of eight (8) fourbedroom/two-bathroom units and two (2) studios. The studios are currently unpermitted and non-conforming. There are ten (10) parking spots, one for each unit. The property has just finished construction and the Certificate of Occupancy is being issued in less than 30 days. All the units are currently vacant, allowing a new buyer to choose their own tenants to their liking. 127 E 88th Street offers a unique opportunity for an investor to acquire a premium newconstruction asset exempt from LA City Rent Control in a strong rental submarket of Los Angeles

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$750 USD /SF

# OF UNITS

10

PRICE/UNIT

$390,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

127 E 88th St Los Angeles, cA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,409 SF

ZONING

LAR3

APN/PARCEL ID

6041-003-034

ASK ABOUT THIS PROPERTY

Nico RosmarinLyon Stahl Investment Real EstateMore Info
424-226-9449

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Nico RosmarinLyon Stahl Investment Real EstateMore Info
424-226-9449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.