$2,100,000
PENDING

Estimated payment $13,698/month

Total Views 2,893
20 Beds
10 Baths
6,436 Sq Ft
$326 Price per Sq Ft

About This Home

We are proud to present 1152 W 88th St, a well-located 10-unit multifamily community in Los Angeles, priced attractively at an 8.52% CAP and 7.99 GRM on current rents, with significant upside potential to achieve an 10.08% CAP and 7.04 GRM upon stabilization. Nestled just south of Manchester Ave and west of Vermont Ave, this property offers excellent connectivity with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, and Crenshaw. The property is comprised of two buildings, a two-story front structure and a single-story rear building offering a total of 6,438 rentable square feet. Built in 1936, the property sits on a generous 9,659 SF LCR320U-zoned corner lot with valuable alley access. The unit mix features 100% two-bedroom units. Contact the listing broker for additional details.

Listing Agent

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 04/29/2025

Co-Listing Agent

Vincent Cook

Kidder Mathews of California, Inc License #02012324

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 9,659 Sq Ft Lot
  • Lot Dimensions are 63x152
  • Corner Lot

Interior Spaces

  • 6,436 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Listing and Financial Details

  • Assessor Parcel Number 6047-009-022

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 6436
  • Lot Acreage: 0.2217
  • Lot Dimensions: 63x152
  • Probate: No
  • Stories: 2
  • Year Built: 1936
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 20
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 326.29

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 3

Utilities

  • Water Heaters: Yes

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Percent: 29.90
  • Assessed Improvement Value: 404374
  • Assessed Land Percent: 70.1
  • Assessed Land Value: 948189
  • Total Assessed Value: 1352563
  • Assessor Parcel Number: 6047-009-022
  • Lot Description: Single Lot
  • Lot Location: Corner Lot
  • Lot Size Area: 9659

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 7.99
  • Number Of Units: 10
  • Rent Control: 100
  • Total Annual Expense: 75903
  • Type Of Units: Apartment
  • Vacancy Rate: 30%

Tax Info

  • Private Transfer Taxes: No

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Pending -- -- --
04/29/2025 04/29/25 For Sale $2,100,000 +72.8% $326 / Sq Ft
10/06/2017 10/06/17 Sold $1,215,500 -4.7% $237 / Sq Ft
09/27/2017 09/27/17 Price Changed $1,275,000 +5.2% $249 / Sq Ft
09/21/2017 09/21/17 Pending -- -- --
09/21/2017 09/21/17 For Sale $1,212,500 -- $237 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25531745

The MLS

APN: 6047-009-022