127 E 88Th Street

Los Angeles, CA 90003

PRICE REDUCED

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-$400,000 (-8.33%)

$4,400,000

List Price

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2024

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Property Description

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.

Listing Information

List Price $4,400,000
Status Active
MLS SB24161367
Type Commercial
Subtype Multi Family
Year Built 2024
Lot Size 11,000
Structure Size N/A
DOM 23
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Marcus Nasrollahy DRE#02207189
Co-Listing Agent Nico Rosmarin DRE#02023847

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Marcus Nasrollahy, Nico Rosmarin, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 28th, 2024 at 11:58 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.