127 East 88th Street
Description
127 E 88th Street offers a unique opportunity for an investor to acquire a premium new-construction asset exempt from LA City Rent Control in a strong rental submarket of Los...This Property is an 11,000 SF building on a 10,409 SF lot comprised of eight (8) four-bedroom/two-bathroom units and two (2) studios. The studios are currently unpermitted. There are sixteen (16) parking spots. The property has just finished construction and the Certificate of Occupancy is being issued in less than 30 days.
127 E 88th Street offers a unique opportunity for an investor to acquire a premium new-construction asset exempt from LA City Rent Control in a strong rental submarket of Los Angeles.
- Listed by Marcus Nasrollahy • DRE #02207189 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-406-5126
- Listed by Nico Rosmarin • DRE #02023847 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 127 East 88th Street
Property Details for 127 East 88th Street
| Status | Active |
|---|---|
| MLS # | SB24166496 |
| Days on Market | 80 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Residential Income |
| Year Built | 2024 |
| Lot Size | 0.24 AC / 10,409 SF |
| County | Los Angeles County |
Building Information for 127 East 88th Street
Property Information for 127 East 88th Street
- Gross Income: $459,120
- Gross Scheduled Income: $459,120
- Net Operating Income: $336,529
- Operating Expense: $108,000
- Fuel Expense: $3,000
- Electric Expense: $3,000
- Insurance Expense: $9,350
- Professional Management Expense: $22,000
- Trash Expense: $0
- Water Sewer Expense: $3,000
- Total Expenses: $108,817
- Tax Tract Number: 4279
- Tax Lot: 92
- Community Features: Street Lights
- Laundry: Yes
- Laundry Features: Dryer Included, Washer Included
- Entry Location: 2
- Pool Features: None
- Pool Description: None
- Lot Features: 0-1 Unit/Acre, Lot 10000-19999 Sqft
- Number Of Units: 10
- Land Lease: No
- Land Lease Type: Fee
- Sewer: Public Sewer
- Garage Spaces: 16
- Parking Garage Spaces: 16
- Carport Spaces: 0
- Unit Type Units Total: 8
- Unit Type Beds Total: 32
- Unit Type Baths Total: 0
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 14
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $4,300
- Unit Type Total Rent: $412,000
- Unit Type Pro Forma: 412000
- Unit Type Area Units: Square Feet
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 0
- Unit Type Baths Total: 0
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,600
- Unit Type Total Rent: $38,400
- Unit Type Pro Forma: 38400
- Unit Type Area Units: Square Feet
- Unit Type Type: 2
- Rent Controlled: No
- Number Of Buildings: 4
- Number Of Separate Electric Meters: 9
- Number Of Separate Gas Meters: 9
- Number Of Separate Water Meters: 9
Property History for 127 East 88th Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 127 East 88th Street
Schools near 127 East 88th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Dr. Owen Lloyd Knox Elementary School PublicK to 6 | ||
Mary Mcleod Bethune Middle School Public7 to 8 | ||
Watts Learning Center Charter Middle Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Marcus Nasrollahy, DRE #02207189; Lyon Stahl Investment Real Estate, Inc., Nico Rosmarin, DRE #02023847
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.