1329 W 88th, Los Angeles, CA 90044

$1,950,000

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List Price
$1,950,000
Status
ACTIVE
MLS#
PW26157641
Year Built
1939
Lot Size
12,246
Acres
0.28
Lot Location
Front Yard
Days on Market
7
Property Type
Multifamily
Style
Spanish
Property Sub Type
Mixed Use
Stories
Two Levels

Property Description

Unique opportunity to own a highly remodeled Spanish style home (7-Plex) in an UNINCORPORATED area of Los Angeles known as Westmont that comes with 6 more homes/units that have a private community feel! This Property has been extensively upgraded inside and outside with a NEW ADU, fresh paint on all 4 buildings, new roofs, and much more. This double parcel lot offers 12,246(SF) of spacious living environment with plenty of room for parking or gatherings. Currently the property has 2 fully remodeled units (with city permits) waiting for an owner-occupant to enjoy or to be rented for max market rent along with 3rd empty unit. Additional benefits of this property are 8 empty garages and a potential laundry room. With this large lot and all garages currently empty, the owner has invested in digital site & floor plans for all the 4 buildings and garages to use for potential ADU’s which would increase the monthly rental income. Adjacent duplex is also available for purchase, creating an opportunity to expand your investment portfolio.

Additional Information

Pool Description
None
Fireplace Description
Family Room
Heat
Ductless
Cooling
Yes
Cooling Description
Ductless
Garage Spaces Total
8
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
7
Gross Scheduled Income
$171,024
Operating Expense
42734

Listing courtesy of Listing Agent: Luis Figueroa (luis@fsofca.com) from Listing Office: Equity Smart Real Estate Services.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.