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916 88th Street
Los Angeles, CA 90044
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 12.33 GRM and 5.4 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!
PROPERTY INFORMATION
| MLS # | SB24211066 | Lot Size | 5,129 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 919,000
Price Per SqFt: $ 459 |
DOM | 255 Days |
| Address | 916 88th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,004 Sq. Ft. |
| Postal Code | 90044 | Garage | N/A |
| County | Los Angeles | Year Built | 1923 |
| Bed / Bath | 4 / 0 | Parking | N/A |
| Built In | 1923 | Status | Active |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Gas Range, Microwave, Refrigerator |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Room Information | Family Room, Main Floor Bedroom |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Laminate |
| InteriorFeatures Information | Ceiling Fan(s), Copper Plumbing Partial, Quartz Counters, Recessed Lighting |
| DoorFeatures | Insulated Doors |
| EntryLocation | Front |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Double Pane Windows |
| SecuritySafety | Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars |
EXTERIOR FEATURES
| ExteriorFeatures | Awning(s) |
| Roof | Flat |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Chain Link |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $980
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 11/04/2024 | Price Change | $919,000 (2.22%) |
| 10/11/2024 | Listed | $899,000 |
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Listing provided courtesy of Jeffrey Isenberg, Buckingham Investments, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
