916 W 88th St | Los Angeles, CA 90044
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- LoopNet Team
916 W 88th St
Los Angeles, CA 90044
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Updated and well maintained multifamily property with newly built ADU offering strong 4-unit rental income.
- Offered at a 11.3 GRM and 6.0 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.
- Cash flowing property features spacious one bedroom bungalow units that were remodeled prior to current occupancy.
- Approximately 3 miles from the Downtown Inglewood Entertainment District including SoFi Stadium, Intuit Dome and Hollywood Park Development.
Property Facts
| No. Units | 4 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 2,004 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1923 |
| Zoning | RD3 - Restricted Density Multiple Dwelling | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,004 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1923 |
| Zoning | RD3 - Restricted Density Multiple Dwelling |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Yard
- Family Room
- Vinyl Flooring
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,428 | 528 |
Property Taxes
| Parcel Number | 6038-021-001 | Improvements Assessment | $162,364 |
| Land Assessment | $487,093 | Total Assessment | $649,457 |
Property Taxes
Parcel Number
6038-021-001
Land Assessment
$487,093
Improvements Assessment
$162,364
Total Assessment
$649,457
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