501 88th st - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$750,000 USD
310-780-1899
501 88th st, Los Angeles, CA for Sale
$750,000 USD
Apartments - FOR SALE
1/16
null | 5.04% Cap Rate

501 88th st
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • 4-Units in South LA
  • (2) 2-Bed/1-Bath Units, (2) 1-Bed/1-Bath Units | 4 Parking Spaces
  • Strong Upside – 48% Rental Upside | 9.45% Market CAP | 7.10 Market GRM
  • 5.04% Current CAP
  • 2,208 Total SF On a Large 3,232 SF Lot
  • Good Location in South LA w/ Easy Access to the 110 Freeway and Right Off of Manchester Ave

OVERVIEW

501 W 88th St is a 4-unit property located in South Los Angeles. Situated on a large 3,232 SF lot, this property offers a total of 2,208 SF of living space, featuring a mix of (2) 2-bed/1-bath units and (2) 1-bed/1-bath units. It boasts strong income potential with a 5.04% current CAP rate and incredible upside, offering a 48% rental upside, a 9.45% market CAP rate, and an 7.10 market GRM. Conveniently located right off Manchester Ave with easy access to the 110 Freeway, this property is positioned in a desirable South LA location with strong rental demand.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

4

PRICE/UNIT

$187,500

CAP RATE

5.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units in South LA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,120 SF

ZONING

R1

APN/PARCEL ID

6038-009-028

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real EstateMore Info
310-780-1899

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Brett LyonLyon Stahl Investment Real EstateMore Info
310-780-1899

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