1158 E 88th Pl, Los Angeles, CA 90002

1158 E 88th Pl, Los Angeles, CA 90002

Los Angeles, CA
$789,000

Property Description

INVESTMENT HIGHLIGHTS

  • STORE= Delivered Vacant(ABC License is Active) – Furniture & fixtures included
  • Strategically located
  • HOUSE= 3-bedroom currently rented at $2,500 per month (m-t-m)
  • Over 1,000,000 population within a 5 mile radius.

1158 E 88th Place is a mixed use property comprised of a Single Family Home and a Corner Store. || HOUSE: 3-Bedroom & 1-Bath rented at $2,500 per month (month to month) || STORE: Delivered Vacant. (ABC License is Active) Goodwill, supplier lists, furniture, fixtures, & equipment ALL INCLUDED || Before current investor-owner, this was a family-owned successful business for over 20 years. (MLS NOTE: LISTING HAS SUPPLEMENTS – Please check them out)

Property Features

  • Sale Price: $789,000
  • Area Size: 2,891 Sq. Ft.
  • Land Area: 5,124 Sq. Ft.
  • Year Built: 1931
  • Listing Date: 6/15/2023
  • Closing Date: 8/15/2023
  • Units: 2
  • Current GRM: 10.52
  • Current Cap Rate: 6.89%
  • Price Per Unit: $394,500
  • Market GRM: 9.53
  • Market Cap Rate: 7.85%
  • Current NOI: $54,370

Lyon Stahl Investment Real Estate

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