916 W 88th Street
Los Angeles, CA 90044
0.12 acres | #SB24211066
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!
Property Details
- InteriorCeilingFans, QuartzCounters, RecessedLighting, BedroomOnMainLevel
- Utility FeaturesElectricityConnected, NaturalGasConnected, SewerConnected
- Lot DescriptionZeroToOneUnitAcre
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- MLS #SB24211066
- MLS #SB24211066
- Original List Price$899,000
- Exterior MaterialsAwnings
- Property SubtypeTriplex
- Acres0.1177
- Utility SourcePublic
- Cost919000
- Year Built1923
- Stories1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jeffrey Isenberg (#SBISENJEF)
Listing Office: Buckingham Investments, Inc (#SB1301700)
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