$775,000
$775,000
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1209 W 88th ST Los Angeles, CA 90044
6,098 Sqft Lot
Key Details
Sold Price $775,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC21016943
Sold Date 07/08/21
HOA Y/N No
Year Built 1950
Lot Size 6,098 Sqft
Property Description
Amazing Opportunity to purchase Four Units in Unincorporated Los Angeles on a Large lot with LCR320U* Zoning, offering development and value add opportunities! Add this cash flowing asset to your portfolio or move in one unit and continue to lease the others. Three units are leased and performing, current total gross income for the 3 leased units is $45,168/annually or $3,764/month Plus one additional vacant unit that is rent ready! The unit mix consists of three 1bed/1 bath units and one 3bed/2 full bath unit. Each unit is separately metered, there are a total of 5 electrical meters and 5 gas meters (The building used to be a 5 unit with 5 singles). All units have been updated in the past 6 years including kitchen/bath remodels. No laundry, off-street parking available for each unit accessible from the alley. Just minutes from LAX, SoFi Stadium, SpaceX, and the 105/110 freeways. Get ready for great appreciation in this area with the Rams Stadium and 2028 Olympics!! New Vermont Corridor and Metro line expansion to the Westside. Close to USC, Schools, shopping, less than 3 miles from Hollywood Park and minutes to Downtown Los Angeles. Don't miss this opportunity, inquire today about making an offer! Please do not disturb the tenants.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Off Street, Paved
Pool None
Community Features Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Level, Value In Land
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6047005029
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA, Fannie Mae, VA Loan
Listing Terms Cash, Conventional, FHA, Fannie Mae, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Boris Almengor • MViP