916 W 88Th Street

Los Angeles, CA 90044

$899,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1923

calendar_month Built

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 12.59 GRM and 5.3 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!

Listing Information

List Price $899,000
Status Active
MLS SB24211066
HOA $0
Type Residential Income
Subtype Triplex
Year Built 1923
Lot Size 5,129
Structure Size N/A
DOM 11
Courtesy Of Buckingham Investments, Inc
Listing Agent Jeffrey Isenberg DRE#02059354

Interior Features

Laundry Information
Location(s) None
Bedroom Information
Features Bedroom on Main Level
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Laminate
Fireplace Information
Features None
Additional Information
Additional Features Ceiling Fan(s), Quartz Counters, Recessed Lighting, Bedroom on Main Level
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Jeffrey Isenberg, Buckingham Investments, Inc 310-982-7055. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 22nd, 2024 at 6:34 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.