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    1209 W 88th Street

    Los Angeles (City), CA 90044
    • $775,000
    • STATUS: Pending
    • ON SITE: 84 days
    • ID#: OC21016943
    Pending
    UPDATED: 159 min ago
    $775,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,436
      SQFT
    • $318
      $/SQFT
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    Amazing Opportunity to purchase Four Units in Unincorporated Los Angeles on a Large lot withLCR320U* 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 withthe 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-21T13:40:22.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/113648628
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    1209 W 88th Street Los Angeles (City), CA 90044

    • Price: $775,000
    • Status: Pending
    • Updated: 159 min ago
    • ID#: OC21016943
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,436
    SQFT
    $318
    $/SQFT
    1950
    Built
    Neighborhood:
    C36 - Metropolitan Southwest
    County:
    Los Angeles
    Area:
    C36 - Metropolitan Southwest
    Property Description
    Amazing Opportunity to purchase Four Units in Unincorporated Los Angeles on a Large lot withLCR320U* 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 withthe 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.
    Exterior Features

    Entry Level 1 Entry Location 1 Lot Features LevelValue In Land Number Of Separate Electric Meters 5 Open Parking Spaces 4 Parking Features Off StreetPaved Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminateTile Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 45168 Insurance Expense 1200 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFhaFannie MaeVa Loan Net Operating Income 33876 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 11292 Possession See Remarks Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasGrounds CareSee Remarks Trash Expense 0 Water Sewer Expense 2760 Water Source Public Zoning Lcr320u*

    Listing provided courtesy of Jessica Nieto of Exp Realty Of California Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-21T13:40:22.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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    Team Forss Realty Group
    31213 Temecula Parkway
    Temecula CA, 92592