Updated and well maintained 4-unit property including recently built ADU offering strong 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 11.3 GRM and 6.0 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!
Property Details
Price:
$829,000
MLS #:
SB24211066
Status:
Active
Baths:
0
Address:
916 W 88th Street
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Oct 3, 2024
State:
CA
ZIP:
90044
Lot Size:
5,129 sqft / 0.12 acres (approx)
Year Built:
1923
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Schools
Interior
Appliances
Gas Range, Microwave, Refrigerator
Cooling
None
Flooring
Laminate
Heating
Wall Furnace
Laundry Features
None
Exterior
Community Features
Park, Sidewalks
Construction Materials
Stucco
Exterior Features
Awning(s)
Parking Features
None
Parking Spots
0.00
Roof
Flat
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Financial
Map
Community
- Address916 W 88th Street Los Angeles CA
- AreaC36 – Metropolitan Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90044
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916 W 88th Street
Los Angeles, CA
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