1152 West 88th Street

Los Angeles, CA 90044

$1,995,000
Price
16
Beds
8
Baths
5,122 Sq. Ft.
$389 / Sq. Ft.
5,122
Sq. Ft.
$389
per Sq. Ft.

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 8.52 GRM and 8.18% 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 (9) 2-Bed/1-Bath Units and (1) 1-Bed/1-Bath, this 8.18% Cap is still only $199,500k/Unit for such...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 8.52 GRM and 8.18% 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 (9) 2-Bed/1-Bath Units and (1) 1-Bed/1-Bath, this 8.18% Cap is still only $199,500k/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.
  1. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 1152 West 88th Street

Zoning
LCR320U*
Parcel Number
6047009022
Total Units
10.0
Living Area
5122
Source Living Area
Vendor Enhanced
Area
Metropolitan Southwest (C36)
Vacancy Rate
1
Lot Size Area
9659
LISTING UPDATED: 08/13/2024 10:46 AM

Property Details for 1152 West 88th Street

StatusActive
MLS #24-391819
Days on Market169
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1936
Lot Size0.22 AC / 9,659 SF
CountyLos Angeles County

Building Information for 1152 West 88th Street

Stories2Residences-Year Built1936Building Size-Lot Size0.22 AC / 9,659 SF

Property Information for 1152 West 88th Street

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: apt
  • Direction Faces: North
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas, Water Heater Unit
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $234,146
  • Net Operating Income: $163,164.00
  • Gross Income: $234,146
  • Cap Rate: 8.18%
  • Gross Rent Multiplier: $8.52
  • Vacancy Allow Dollar: $7,024.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 63957
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.2217
  • Lot Size Square Feet: 9659
  • Lot Size Dimensions: 63x152
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Features: Rectangular Lot
  • Lot Description: Fenced Yard, Lot Shape-Rectangular, Lot-Level/Flat
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Side By Side, Shared Driveway, Tandem, Uncovered
  • Total Parking: 3
  • Parking Features: Side by Side, Shared Driveway, Tandem Garage, Uncovered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Flat
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-15-2024
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,921.00
  • Unit Actual Rent: $17,290.00
  • Unit Projected Rent: $27,468.00
  • Like Units: 9
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,222.00
  • Unit Actual Rent: $2,222.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $396,446.00
  • Assessed Improvement Percent: 29.9
  • Assessed Land Value: $929,598.00
  • Assessed Land Percent: 70.1
  • Assessed Total Value: $1,326,044.00
  • Private Transfer Taxes: No

Property History for 1152 West 88th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1152 West 88th Street

Taxable ValueLand$948,189Additions$404,374Total$1,352,563
Tax Record2024$20,492 ($1,708 / month)
Home Facts
Total Finished SqFt5,122 SqFtAbove Grade Finished SqFt5,122 SqFtLot Size9,657 SqFtStyleMulti-Family Res (5+ Units)Year Built1936ZoningLCR320U*CountyLOS ANGELESAPN6047-009-022

Schools near 1152 West 88th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 6
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 10
Rating
School
Distance
Manchester Avenue Elementary School
Public1 to 6

Bret Harte Preparatory Middle School
Public6 to 8

George Washington Preparatory High School
Public9 to 12

Vox Collegiate of Los Angeles
Charter6 to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1152 West 88th Street is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on May 15, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $1,995,000. It has been on the market for a total of 169 days and was last sold on October 6, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Manchester Avenue Elementary School, Bret Harte Preparatory Middle School and George Washington Preparatory High School. 1152 West 88th Street is a 16-bed, 8-bath, 5,122 sqft multi-family home built in 1936.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.