916 W 88th Street,Los Angeles, CA 90044
Los Angeles, CA 90044
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!
Details
| MLS# | SB24211066 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 200 |
| Listing Provided By | Buckingham Investments, Inc 310 982-7055 | Jeffrey Isenberg |
Features
| SQ Feet | 2,004 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 4 |
| Zoning | LARD3 |
| Acreage | 0.12 |
| Property View | None |
Market Activity 90044
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90044) | |
Price: $899,000 low | high Med: $1,099,000 SqFt: 2,004 low | high Med: 3,368 $ / SqFt: $449 low | high Med: $326 On site: 200 low | high Med: 94.000000 | |