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916 W 88th Street

Los Angeles, CA 90044

– beds
– baths
– sqft
5,129 sqft lot
1923 build
– on site

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!

Listed By CRMLS_CA / Jeffrey Isenberg / Buckingham Investments, Inc / 818-795-4477

Last checked: Checking… • Last updated Dec 12, 2024 •

MLS# SB24211066 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1923
Year Built Source:

Public Records
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

2004.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

4
Roof:

Flat
Exterior Features:

Awning(s)
Stories Total:

1
Entry Level:

1
Accessibility Features:

None
Common Walls:

No Common Walls
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Features:

Ceiling Fan(s), Copper Plumbing Partial, Quartz Counters, Recessed Lighting
Levels:

One
Entry Location:

Front
Door Features:

Insulated Doors
Window Features:

Double Pane Windows
Flooring:

Laminate
Room Type:

Family Room, Main Floor Bedroom
Fireplace:

No
Fireplace:

None
Laundry:

None

Financial & Terms

Disclosures:

Accessory Dwelling Unit, Rent Control

Location

Directions:

Property is located South of Manchester Ave between Vermont Ave. & S Hoover St., West of the 110 Fwy.
Latitude:

33.95779900
Longitude:

-118.29011500

The Property

Property Type:

Residential Income
Subtype:

Triplex
Property Condition:

Updated/Remodeled
Zoning:

LARD3
Lot Features:

0-1 Unit/Acre
Lot Size Area:

5129.0000
Lot Size Acres:

0.1177
Lot Size SqFt:

5129.00
Lot Size Source:

Assessor
View:

None
Fencing:

Chain Link
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Exclusions:

Tenants Personal Property
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2403.02
Tax Tract:

3354
Tax Lot:

130

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6038021001

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected
Sewer:

Public Sewer
Electric:

Electricity - On Property
Water Source:

Public

Appliances

Appliances:

Gas Range, Microwave, Refrigerator
Included:

Yes

The Community

Features:

Park, Sidewalks
Inclusions:

Range, Refrigerator & Microwave located in the ADU.
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

No
Parking:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/4/24 Nov 4, 2024	Price Changed	CRMLS_CA	$919,000	2.2%
10/11/24 Oct 11, 2024	Listed / Active	CRMLS_CA	$899,000

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This multifamily located in South LA, Los Angeles, CA 90044 is currently for sale for $919,000. 916 W 88th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 72 days. 916 W 88th Street is in the South LA neighborhood of Los Angeles and has a WalkScore® of 80, making it very walkable. This multifamily is in the attendance area of Manchester Avenue Elementary, Bret Harte Preparatory Middle School, Alain Leroy Locke College Preparatory Academy, and Danny J. Bakewell Sr. Primary Center.

Listing Courtesy of: CRMLS_CA and Buckingham Investments, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 23:51 on Dec 21.

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.