916 W 88th ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,004 sqft
Price per Sqft $448
MLS Listing ID SB24211066
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1923
Lot Size 5,127 Sqft
Acres 0.1177
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 12.59 GRM and 5.3 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