CA > Los Angeles
Los Angeles, CA 90044,916 W 88th ST
Los Angeles, CA 90044,916 W 88th ST
Los Angeles, CA 90044,916 W 88th ST
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$919,000
Est. payment /mo
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5,127 Sqft Lot
Active

916 W 88th ST Los Angeles, CA 90044

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Tim Wolter

Tim Wolter

+1(949) 338-3767

UPDATED:

11/06/2024 06:48 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24211066

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1923

Lot Size 5,127 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 12.33 GRM and 5.4 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 C36 - Metropolitan Southwest

Zoning LARD3

Rooms

Ensuite Laundry None

Interior

Interior Features Ceiling Fan(s), Quartz Counters, Recessed Lighting, Bedroom on Main Level

Laundry Location None

Heating Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type None

Inclusions Range, Refrigerator & Microwave located in the ADU.

Fireplace No

Appliance Gas Range, Microwave, Refrigerator

Laundry None

Exterior

Exterior Feature Awning(s)

Garage None

Fence Chain Link

Pool None

Community Features Park, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

View Y/N No

View None

Roof Type Flat

Accessibility None

Parking Type None

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 6038021001

Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Window Bars

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Jeffrey Isenberg • Buckingham Investments, Inc • 818-795-4477

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Tim Wolter

Agent | License ID: 01384317

+1(949) 338-3767

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916 W 88th ST