916 W 88th Street
Los Angeles, CA, 90044
$919,000
Beds
0 Baths
SqFt
0.12 Acres
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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!

Property Details

Price:
$919,000
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

Accessibility Features
None
Appliances
Gas Range, Microwave, Refrigerator
Cooling
None
Fireplace Features
None
Flooring
Laminate
Heating
Wall Furnace
Interior Features
Ceiling Fan(s), Copper Plumbing Partial, Quartz Counters, Recessed Lighting
Window Features
Double Pane Windows

Exterior

Community Features
Park, Sidewalks
Electric
Electricity – On Property
Exterior Features
Awning(s)
Fencing
Chain Link
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
None
Parking Spots
0.00
Pool Features
None
Roof
Flat
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected

Map

Community

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Rover IDX
916 W 88th Street
Los Angeles, CA