1350 W 88th Street
Unincorporated, CA 90044
0.16 acres | #SB23181007
Description
1350 W 88th St is a renovated 4-Plex comprised of all
2-Bed/1.5-Bath Townhouse style (2-Story) Units and
delivered with three units that will vacate by close of escrow. Both LA Planning Department and LA Building department have provided approval stamps and ADU construction is ready to begin day 1. This 4 unit building is located in a rapidly
growing submarket of unincorporated Los Angeles with plenty of value
for an investor or owner/user looking to increase the
value. The subject property is located in the 90044 zip
code and currently priced at a 5.57% cap rate! After
the addition of the ADU, the subject property will
operate at a 8.61% cap rate, including estimated
construction costs.
With three of four units currently renovated and
will vacate by close of escrow, this asset will immediately cash flow and
is fit for any investor looking for stable income and the
opportunity to add value through the process of ADUs.
Located in an unincorporated area of Los Angeles
County and NOT in Los Angeles City, the subject
property is steps from the new recreational
developments nearby. With close proximity to Inglewood's new SoFi Stadium, Intuit Dome as well as, Downtown LA's Crypto.com arena, USC, Los Angeles Memorial Coliseum and BMO Stadium.
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Aaron Jacobson (#SBJACOAAR)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#SB1310620)
Listing Courtesy (Buyer)
Buyer's Agent: Rosy Kao (#AR43389)
