916 West 88th Street Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,004 sqft
Price per Sqft $458
MLS Listing ID SB-24211066
Year Built 1923
Lot Size 5,129 Sqft
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 12.33 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!
Location
State CA
County Los Angeles
Zoning LARD3
Interior
Interior Features Copper Plumbing Partial,Ceiling Fan(s),Recessed Lighting
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplaces Type None
Inclusions Range, Refrigerator & Microwave located in the ADU.
Laundry None
Exterior
Exterior Feature Awning(s)
Parking Features None
Pool None
Community Features Park,Sidewalks
Utilities Available Sewer Connected,Electricity Connected,Natural Gas Connected
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer