916 W 88Th Street, Los Angeles, CA 90044

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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!


Interior Features

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

Listing Information

Address 916 W 88Th Street
City Los Angeles
State CA
Zip 90044
County Los Angeles
Listing Agent Jeffrey Isenberg DRE #02059354
Courtesy Of Buckingham Investments, Inc
List Price $899,000
Status Active
Type Residential Income
Subtype Triplex
Structure Size N/A
Lot Size 5,129
Year Built 1923

Listing information courtesy of: Jeffrey Isenberg, Buckingham Investments, Inc. *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.