1152 W 88th St - Apartments FOR SALE


Los Angeles, CA 90044- Westmont
$2,100,000 USD
213-225-7223
1152 W 88th St, Los Angeles, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/20
null | 8.52% Cap Rate

1152 W 88th St
Los Angeles, CA 90044
Westmont


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

10

PRICE/UNIT

$210,000

CAP RATE

8.52%

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Units - 7.99 GRM - 8.52% CAP Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

LCR320U

APN/PARCEL ID

6047-009-022

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

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