Los Angeles, CA 90044,1209 W 88th ST
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Los Angeles, CA 90044,1209 W 88th ST

$775,000

Est. payment /mo

$775,000

Est.Price: ?

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1209 W 88th ST Los Angeles, CA 90044

6,098 Sqft Lot

SOLD DATE : 07/08/2021

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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California Regional MLS (CRMLS)
Listed by Jessica Nieto • eXp Realty of California Inc
Bought with Boris Almengor • MViP
agent

Amy Khan

Agent | License ID: 02113285

+1(323) 795-3567

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