1152 W 88th St, Los Angeles, CA 90044

Overview

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• Total Units: 10
• Location: 1152 W 88th St, Unincorporated Los Angeles County
• Portfolio Option: Part of an 8-building portfolio (can be sold individually or as a collective investment)

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Financial Highlights

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Investors looking for a lucrative opportunity will find 1152 W 88th St particularly compelling. This property boasts strong financial metrics that speak to its cash flow potential and long-term viability in a competitive market.

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• Gross Rent Multiplier (GRM): 9.24
• Cap Rate: 7.48%
• Current Price: $341 per square foot
• Price per Unit: $220,000

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Upside Potential:

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• Rental Upside: 35%
• Projected Stabilized GRM: 6.01
• Projected Stabilized Cap Rate: 12.58%

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These figures not only highlight the property’s immediate income-generating capabilities but also the potential for future appreciation. With a GRM under 10 and a Cap Rate above 7%, this investment offers a balance of risk and reward that is attractive to both seasoned investors and newcomers to the Los Angeles market.

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Unit Mix

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The building features a desirable configuration that appeals to a broad demographic.

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• Configuration:
  • (10) 2-Bed/1-Bath Units

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Each unit is thoughtfully designed to maximize space and comfort, making them ideal for families, young professionals, and tenants looking for a quality living experience. The consistent unit mix allows for streamlined management while catering to varying tenant needs.

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Location Advantages

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Location is a critical factor in any real estate investment, and 1152 W 88th St excels in this regard.

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• Vibrant Neighborhood:
  • Situated in a rapidly expanding submarket of Los Angeles County, this property is surrounded by a dynamic mix of local amenities and new developments.
  • The neighborhood offers a rich array of dining, shopping, and entertainment options, which enhances its appeal to potential tenants.
  • Local parks, schools, and easy access to public transportation contribute to a desirable lifestyle, ensuring high occupancy rates and low turnover.

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As the area continues to grow and develop, property values are expected to increase, further benefiting investors in the long run.

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Investment Potential

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Investing in 1152 W 88th St provides immediate cash flow and significant growth opportunities.

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• Immediate Cash Flow:
  • The property is currently stabilized with strong rental income and established tenants.
• Growth Opportunities:
  • With a 35% rental upside, there is substantial room for increased revenue through strategic upgrades or market adjustments.
  • Investors can explore renovations or enhancements to capitalize on the area’s growth and tenant demand, which could lead to higher rents and overall property value.

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This combination of solid current income and promising future upside makes this property a standout opportunity in the multifamily sector.

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1152 W 88th St is more than just an apartment building; it represents a strategic investment opportunity in a thriving real estate market. With its strong financial performance, desirable unit mix, and excellent location, this property is poised for long-term success.

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For more information about this investment opportunity, please reach out to Taylor Avakian, founder of The Group CRE and First VP of Lyon Stahl. Don’t miss your chance to add this exceptional property to your portfolio! 1152 W 88th St offers a unique opportunity for investors seeking a blend of stability and growth in one of the most dynamic markets in the country.

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