Los Angeles, CA 90044,501 W 88th Street
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.
$615,000
$750,000 18.0%
Est. payment /mo
2,208 SqFt
Sold on 06/06/2025

501 W 88th Street Los Angeles, CA 90044

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Violet Sinclaire
Violet Sinclaire

Agent | CA DRE #01990089

+1(415) 713-9420

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Key Details

Sold Price $615,000

Property Type Single Family Home, 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

Year Built 1965

Lot Size 3,232 Sqft

Property Sub-Type OTHER

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

Laundry No Hookups


Bay East AOR and Contra Costa AOR

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agent

Violet Sinclaire

Agent | CA DRE #01990089

+1(415) 713-9420

Name
Phone*
Message

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501 W 88th Street