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1050 W 88th St 8 Unit Apartment Building $1,888,000 ($236,000/Unit) 6.40% Cap Rate Los Angeles, CA 90044
EXECUTIVE SUMMARY
Investment Opportunity!!!! In the heart of Los Angeles. Close to public transportation & easy freeway access. Property features, 6 units, 2 bedrooms, 1 bathroom & 2 units, 1 bedroom, 1 bathroom. There are also plans submitted for two ADU (2 bedrooms and 1 bathroom each), which will be delivered ready to issue. With all units currently leased, investors will benefit from immediate cash flow and strong long term upside. The units have separate meter for gas & electricity.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$189,588
|
$29.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$189,588
|
$29.26
|
| Taxes |
$22,000
|
$3.40
|
| Operating Expenses |
$46,820
|
$7.23
|
| Total Expenses |
$68,820
|
$10.62
|
| Net Operating Income |
$120,768
|
$18.64
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $189,588 |
| Annual Per SF | $29.26 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $189,588 |
| Annual Per SF | $29.26 |
| Taxes | |
|---|---|
| Annual | $22,000 |
| Annual Per SF | $3.40 |
| Operating Expenses | |
|---|---|
| Annual | $46,820 |
| Annual Per SF | $7.23 |
| Total Expenses | |
|---|---|
| Annual | $68,820 |
| Annual Per SF | $10.62 |
| Net Operating Income | |
|---|---|
| Annual | $120,768 |
| Annual Per SF | $18.64 |
PROPERTY FACTS
| Price | $1,888,000 | Apartment Style | Low-Rise |
| Price Per Unit | $236,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 6.40% | Building Size | 6,480 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.9 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3-2, Los Angeles - restricted Density Multiple Dwelling | ||
| Price | $1,888,000 |
| Price Per Unit | $236,000 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.9 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,480 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3-2, Los Angeles - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Gated
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $2,144 | 800 |
| 1+1 | 2 | $1,573 | 600 |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 6047-009-011 | Total Assessment | $1,856,051 |
| Land Assessment | $1,113,206 | Annual Taxes | $22,000 ($3.40/SF) |
| Improvements Assessment | $742,845 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
6047-009-011
Land Assessment
$1,113,206
Improvements Assessment
$742,845
Total Assessment
$1,856,051
Annual Taxes
$22,000 ($3.40/SF)
Tax Year
2025
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Dream Life Realty
1050 W 88th St
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