233 W 88th Street, Los Angeles, CA 90003

Mar 3

$495,000 Sales Price

3
Units

1,907
Sq Ft

233 W 88th Street is a three unit multifamily property located in the 90003 zip code of South Los Angeles. Built in 1912, the property sits on a 5,351 square foot lot and consists of two buildings totaling 1,907 gross square feet. The unit mix includes two one bedroom, one bath units and one two bedroom, one bath unit. All three units are currently occupied, generating a total monthly rental income of $3,356.77. Pro forma rents project gross monthly income of $5,585 once units are brought to market rate.

The property is listed at $495,000, reflecting a price per unit of $165,000 and a price per square foot of $259.57. Gas and electric are separately metered, with water on a master meter. On site parking is included.

A key value add component is the existing garage structure, which presents a strong candidate for ADU conversion under current Los Angeles zoning regulations. The combination of below market rents, low per unit basis, and ADU potential makes this an actionable investment for buyers looking to increase income and add units at a minimal entry point. The property offers easy access to the 105 and 110 freeways and sits in a highly walkable location.

Exclusively listed by Chandler Rockwell and Pauline Cohn at The Rockwell Group.