CA > Los Angeles
Los Angeles, CA 90044,916 W 88th Street
Los Angeles, CA 90044,916 W 88th Street
Los Angeles, CA 90044,916 W 88th Street
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$899,000
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4 BD
4 BA
5,129 Sqft Lot
Active

916 W 88th Street Los Angeles, CA 90044

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

10/18/2024 11:36 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24211066

Bedrooms 4

HOA Y/N No

Lot Size 5,129 Sqft

Property Description

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!
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!

Location

State CA

County Los Angeles

Area Los Angeles (90044)

Zoning Public Rec

Exterior

Exterior Feature Stucco

Building

Lot Description Sidewalks

Story 1

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Monthly Total Fees $32

Acceptable Financing Cash, Conventional

Space Rent $905

Listing Terms Cash, Conventional

San Diego Regional MLS (SDMLS)
Listed by Jeffrey Isenberg • Buckingham Investments, Inc

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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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916 W 88th Street

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