Los Angeles, CA 90059 825 E 108th Street

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Presented By: Hooman Emanuel with Keller Williams Studio City;
  • MLS# 24348907
  • 01/18/2024
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  • BedBeds • 39
  • BathBaths • 22
  • FootageSQFT • 13,742

Home Details

825-833 108th street is a lucrative investment opportunity in the form of a well-maintained 22-unit apartment building on three separate parcels. This property boasts an ideal unit mix, strategic location, and significant upside potential, making it a prime asset for both seasoned investors and those looking to enter the real estate market. Key Highlights: 1. Unit Mix: The property offers a diverse unit mix, predominantly featuring spacious 2-bedroom layouts that cater to a wide range of tenant preferences. 2. Rent Upside Potential: Unlock substantial value with over 35% upside potential in rents. This presents a unique opportunity to maximize returns and enhance the overall profitability of the investment. 3. Recent Renovations: Over half of the units have undergone renovations in the last 3 years, ensuring modern interiors and increased tenant satisfaction. This contributes to the property's overall appeal and value. 4. Proximity to Avalon Metro Station: Enjoy the convenience of being in close proximity to the Avalon Metro Station, providing easy access to public transportation and enhancing the property's attractiveness to potential tenants. 5. Near Parks and Recreation Center: Residents can take advantage of nearby parks and a recreation center, offering a blend of green spaces and recreational activities for a well-rounded living experience. 6. Well-Maintained Property: The building is meticulously maintained, reflecting a commitment to quality and ensuring a positive living environment for residents. 7.Investment Potential: This property presents a compelling investment case, combining a strong unit mix, recent renovations, and the potential for increased rental income, making it an attractive option for investors seeking long-term growth. Don't miss out on this rare opportunity to acquire a well-positioned and income-generating property.
Presented By: Hooman Emanuel with Keller Williams Studio City;

Interior Features for 825 E 108th Street

Bedrooms

Total Bedrooms39

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths22

Other Interior Features

LivingAreaSourceOther
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories2

General for 825 E 108th Street

Additional Parcels Y/NYes
AppliancesDishwasher, Disposal, Microwave, Refrigerator
Attached Garage No
Cap Rate6.47
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market40
DirectionsNorth of Imperial Hwy East of Avalon Blvd
Garage Y/NNo
Gross Income414131.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet14387.0
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income277814.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name108th
Total Units22
View Y/NNo
Waterfront Y/NNo
Year Built1951
ZoningLAM1

Exterior for 825 E 108th Street

Building Area Total13742.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3303
Lot Size Area14387.0
Lot Size SourceOther
Lot Size UnitsSquareFeet
Number of Buildings3
Open Parking Y/NNo
Parking FeaturesGated
SpaNo
Total Parking8.0

Additional Details

Price History

1527188455

First Team Client Services

Price $4,295,000
MLS#24348907
List Date 01/18/2024
Property Type Multi-Family
Phone 714.964.3311
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