1152 88Th St, Los Angeles, CA 90044

10 Unit Apartment Building | $2,200,000 ($220,000/Unit) | 7.48% Cap Rate | Los Angeles, CA 90044

For Sale

Active

7 pictures

Asking Price $2,200,000

Property Type: Multifamily
Square Feet: 6,438 SF

Listing Contacts

Aaron Jacobson

Peter James

Will James

Taylor Avakian

Property Overview

Part of an 8 Building Portfolio! Can be sold individually or as a portfolio. 1152 W 88th St is a mostly stabilized 10 unit apartment building located in unincorporated Los Angeles County. Offering a compelling 9.24 GRM and 7.48% Cap Rate, 1152 W 88th St stands as a prime opportunity for investors seeking healthy cash flow in an expanding submarket of Los Angeles County. With an excellent unit mix of (10) 2-Bed/1-Bath Units, this 7.48% Cap is still only $220k/Unit for such a strong unit mix. In the heart of this vibrant submarket, a fusion of established local gems and burgeoning new constructions awaits, offering potential tenants an enticing blend of neighborhood charm and modern amenities.

Property Details

Class: C
Year Built: 1936
Stories: 2
Lot Size (sq. ft): 9,583 SF
Units: 10

Highlights

Strong immediate income with a 9.24 GRM and 7.48% Cap Rate
Strong mix of (10) 2 Bed/1 Bath Units
35% in rental upside and stabilizes at 6.01 GRM and 12.58% Cap rate
Priced at only $341/SF and $220,000/Unit

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