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1152 W 88th Street

Los Angeles (City), CA 90044
  • $2,200,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: 24391819
UPDATED: 98 min ago
$2,200,000
  • 16
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,122
    SQFT
  • $430
    $/SQFT
Type:
Multi-Family
Built:
1936
County:

School Ratings & Info

Listing Agent(s): Peter James of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and William James of ()


Description

Part of an 8 Building Portfolio! Can be sold individually or as a portfolio. 1152 W 88th St is a mostly stabilized 10 unit apartment building located in unincorporated Los Angeles County. Offering a compelling 9.24 GRM and 7.48% Cap Rate, 1152 W 88th St stands as a prime opportunity for investors seeking healthy cash flow in an expanding submarket of Los Angeles County. With an excellent unit mix of (10) 2-Bed/1-Bath Units, this 7.48% Cap is still only $220k/Unit for such a strong unit mix. In the heart of this vibrant submarket, a fusion of established local gems and burgeoning new constructions awaits, offering potential tenants an enticing blend of neighborhood charm and modern amenities.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-25T14:36:53.13. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Stefanie Angel Team | Keller Williams Victor Valley. Licensed in the State of California, USA.
www.thestefanieangelteam.com/homes/150563987
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1152 W 88th Street Los Angeles (City), CA 90044

  • Price: $2,200,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 98 min ago
  • ID#: 24391819
16
Beds
0
Baths
0
½ Baths
0.22
Acres
5,122
SQFT
$430
$/SQFT
1936
Built
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
Property Description
Part of an 8 Building Portfolio! Can be sold individually or as a portfolio. 1152 W 88th St is a mostly stabilized 10 unit apartment building located in unincorporated Los Angeles County. Offering a compelling 9.24 GRM and 7.48% Cap Rate, 1152 W 88th St stands as a prime opportunity for investors seeking healthy cash flow in an expanding submarket of Los Angeles County. With an excellent unit mix of (10) 2-Bed/1-Bath Units, this 7.48% Cap is still only $220k/Unit for such a strong unit mix. In the heart of this vibrant submarket, a fusion of established local gems and burgeoning new constructions awaits, offering potential tenants an enticing blend of neighborhood charm and modern amenities.
Exterior Features

Direction Faces North Lot Features Rectangular Lot Parking Features GarageShared DrivewaySide By SideTandemUncovered Parking Total 3 Pool Features None Pool Private YN No Spa Features None Spa YN No

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 7.48 Garage YN Yes Gross Income 238178 Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 164483 New Construction YN No Rent Control YN Yes Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 1 Zoning LCR320U*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-25T14:36:53.13. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Stefanie Angel Team | Keller Williams Victor Valley. Licensed in the State of California, USA.
 
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The Stefanie Angel Team | Keller Williams Victor Valley
18333 Bear Valley Rd.
Hesperia CA, 92345
Listing Agent(s): Peter James of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and William James of ()