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Listed by Brett Dalton Lyon • Lyon Stahl Investment Real Estate, Inc.
$750,000
Est. payment /mo
2,208 SqFt
Pending
501 West 88th Street Los Angeles, CA 90044
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Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Pending
Purchase Type For Sale
Square Footage 2,208 sqft
Price per Sqft $339
MLS Listing ID SB-25010518
Year Built 1965
Lot Size 3,232 Sqft
Property Sub-Type Commercial/Residential
Property Description
501 W 88th St is a 4-unit property located in South Los Angeles. Situated on a large 3,232 SF lot, this property offers a total of 2,208 SF of living space, featuring a mix of (2) 2-bed/1-bath units and (2) 1-bed/1-bath units. It boasts strong income potential with a 5.04% current CAP rate and incredible upside, offering a 48% rental upside, a 9.45% market CAP rate, and an 7.10 market GRM. Conveniently located right off Manchester Ave with easy access to the 110 Freeway, this property is positioned in a desirable South LA location with strong rental demand.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAC2
Interior
Laundry None
Exterior
Parking Features Gated
Pool None
Community Features Biking
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer