Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.
$615,000
$750,000
18.0%For more information regarding the value of a property, please contact us for a free consultation.
501 W 88th Street Los Angeles, CA 90044
2,208 SqFt
Key Details
Sold Price $615,000
Property Type Multi-Family
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 2,208 sqft
Price per Sqft $278
MLS Listing ID CRSB25010518
Sold Date 06/06/25
HOA Y/N No
Year Built 1965
Lot Size 3,232 Sqft
Property Sub-Type OTHER
Source Datashare California Regional
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
Interior
Fireplace No
Laundry No Hookups
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