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.
Property Details
Price:
$2,100,000
MLS #:
25531745
Status:
Active
Baths:
0
Address:
1152 W 88th Street
Type:
Residential Income
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Apr 29, 2025
State:
CA
ZIP:
90044
Lot Size:
9,659 sqft / 0.22 acres (approx)
Year Built:
1936
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Schools
Interior
Exterior
Parking Features
Uncovered
Parking Spots
3.00
Stories Total
2
Financial
Map
Community
- Address1152 W 88th Street Los Angeles CA
- AreaC36 – Metropolitan Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90044
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1152 W 88th Street
Los Angeles, CA
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