916 W 88th St - Apartments FOR SALE


Los Angeles, CA 90044
$919,000 USD
818-795-4477
916 W 88th St, Los Angeles, CA for Sale
$919,000 USD
Apartments - FOR SALE
1/17
null | 5.18% Cap Rate

916 W 88th St
Los Angeles, CA 90044


HIGHLIGHTS

  • Updated and well maintained 3-unit property with newly built ADU offering strong 4-unit rental income.
  • Cash flowing property features spacious one bedroom bungalow units that were remodeled prior to current occupancy.
  • Offered at a 12.59 GRM and 5.3 Cap Rate on current rents with an additional 20% upside.
  • Approximately 3 miles from the Downtown Inglewood Entertainment District including SoFi Stadium, Intuit Dome and Hollywood Park Development.
  • Easy access to public transportation including the Metro Blue Line into downtown & south to the Ocean in Long Beach.

OVERVIEW

Updated and well maintained 3-unit property with newly built ADU offering strong 4-unit rental income in the Vermont Vista neighborhood. This cash flowing property features spacious one bedroom bungalow units that were remodeled prior to current occupancy. This is a great investor opportunity offered at a 12.59 GRM and 5.3 Cap Rate on current rents with an additional 20% upside. Easy access to public transportation including the Metro Blue Line into downtown & south to the Ocean in Long Beach. Adjacent to the 110 (Harbor) Fwy & close proximity to local Elementary & Middle schools. Approximately 3 miles from the Downtown Inglewood Entertainment District including SoFi Stadium, Intuit Dome and Hollywood Park Development. 2/10 of a mile to the Algin Sutton Recreation Center with Tennis & Basketball Courts, Baseball, Soccer Fields, Fitness Zones, Play Areas & Swimming Pools. Don't miss out on this fantastic opportunity!

FOR SALE DETAILS

PRICE

$919,000 USD

PRICE/SF

$621 USD /SF

# OF UNITS

4

PRICE/UNIT

$229,750

CAP RATE

5.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

RD3

APN/PARCEL ID

6038-021-001

ASK ABOUT THIS PROPERTY

Jeffrey IsenbergBuckingham InvestmentsMore Info
818-795-4477

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Jeffrey IsenbergBuckingham InvestmentsMore Info
818-795-4477

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