1152 W 88th Street, Los Angeles, CA 90044

$2,100,000 Approx. USD 20 beds, 10 baths
6,436 sqft

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Brochure

Photo of Jimmy Harmantzis

Marketed By Jimmy Harmantzis REALTOR® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
Phone: 949-768-1000
Fax: 949-587-0915

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Agent Remarks

We are proud to present 1152 W 88th St, a well-located 10-unit multifamily community in Los Angeles, priced attractively at an 8.52% CAP and 7.99 GRM on current rents, with significant upside potential to achieve an 10.08% CAP and 7.04 GRM upon stabilization. Nestled just south of Manchester Ave and west of Vermont Ave, this property offers excellent connectivity with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, and Crenshaw. The property is comprised of two buildings, a two-story front structure and a single-story rear building offering a total of 6,438 rentable square feet. Built in 1936, the property sits on a generous 9,659 SF LCR320U-zoned corner lot with valuable alley access. The unit mix features 100% two-bedroom units, with 3 units delivered VACANT at closing, presenting an immediate opportunity. Contact the listing broker for additional details.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 25531745

Price: $2,100,000

Beds: 20

Baths: 10

Built in 1936

6,436 sqft

2 stories

0.22 acres

Lot size: 0.2217