1152 W 88th St, Los Angeles, CA 90044

1152 W 88th St, Los Angeles, CA 90044

Los Angeles, CA
$2,200,000

Property Description

Part of an 8 Building Portfolio! Can be sold individually or as a portfolio. 1152 W 88th St is a mostly stabilized 10 unit apartment building located in unincorporated Los Angeles County. Offering a compelling 9.24 GRM and 7.48% Cap Rate, 1152 W 88th St stands as a prime opportunity for investors seeking healthy cash flow in an expanding submarket of Los Angeles County. With an excellent unit mix of (10) 2-Bed/1-Bath Units, this 7.48% Cap is still only $220k/Unit for such a strong unit mix. In the heart of this vibrant submarket, a fusion of established local gems and burgeoning new constructions awaits, offering potential tenants an enticing blend of neighborhood charm and modern amenities.

Property Features

  • Sale Price: $2,200,000
  • Year Built: 1936
  • Units: 10
  • Current GRM: 9.24
  • Current Cap Rate: 7.48%
  • Market GRM: 6.01
  • Market Cap Rate: 12.58%