1152 W 88th Street Los Angeles, CA ^$ 2,200,000

1152 W 88th Street

^$ 2,200,000

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Recently Listed

1152 W 88th Street

Los Angeles, CA, 90044

^$ 2,200,000

Bedrooms16 Baths8.0 Sq 5,122

Monthly Estimate*

^$ 14,622

Listed by Lyon Stahl Investment Real Estate, Inc.

1152 W 88th Street, Los Angeles, CA 90044 - Image 1

1152 W 88th Street, Los Angeles, CA 90044 - Image 2

1152 W 88th Street, Los Angeles, CA 90044 - Image 3

1152 W 88th Street, Los Angeles, CA 90044 - Image 4

1152 W 88th Street, Los Angeles, CA 90044 - Image 5

1152 W 88th Street, Los Angeles, CA 90044 - Image 6

1152 W 88th Street, Los Angeles, CA 90044 - Image 7

1152 W 88th Street, Los Angeles, CA 90044 - Image 8

1152 W 88th Street, Los Angeles, CA 90044 - Image 9

Multi-Family Home for sale in Los Angeles, CA

for $2,200,000 with 16 bedrooms and 8 full baths. This 5,122 square foot home was built in 1936 on a lot size of 0.2217.

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.

Multi-Family Active

Price

^$ 2,200,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2217

Year Built

1936

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24391819

Days on Market

Features

General

Sewer Other

Heating WallFurnace

Cooling None

Zoning LCR320U*

Pool Features None

Year Built 1936

Tenant Pays Electricity Gas

Levels MultiSplit

Gross Income 238178.0

County Los Angeles

Net Operating Income 164483.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Facing Direction North

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions South of Manchester west of Vermont on the corner of 88th and Budlong

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 10

MLS Area C36 - Metropolitan Southwest

Lot Size Square Feet 9659.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 88th

Spa Features None

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 8

Standard Status Active

Cap Rate 7.48

Exterior

Parking Features Garage SharedDriveway SideBySide Tandem Uncovered

Lot Features RectangularLot

Total Parking 3.0

Lot Size Area 9659.0

Number of Buildings 2

Spa N

Building Area Total 5122.0

Lot Dimensions 63x152

Lot Size Acres 0.2217

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Total Bedrooms 16

Electric On Property Y/N N

Total Baths 8

Internal Only

Street Number 1 1152

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 467-7581

Phone

Affordability Calculator

$14,622

Per Month

Monthly Principal & Interest: $14,622
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,985,860

Percent of Sale Price 10%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/16/2024	$2,200,000		Listed Price

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1152 W 88th Street, Los Angeles, CA, 90044 is a Multi-Family Home for sale at $2,200,000 with 5,122 sqft and a lot size of 0.2217. 1152 W 88th Street has 16 bedrooms, 8.0 baths, and was built in 1936. The property's zip code is 90044 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/1/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1152 W 88th Street

Multi-Family Home for sale in Los Angeles, CA

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