Thank you
Hooman Emanuel
Keller Williams Studio City
818-432-1500
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.
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Total Bedrooms : 39
Total Baths: 22
Full Baths: 0
Half Baths: 0
Property Appliances: Dishwasher,Disposal,Microwave,Refrigerator
Wall Furnace
Has Heating
Year Built: 1951
Building Area Total: 13,742
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.3303
Lot Size Source: Other
Lot Size Square Feet: 14387
Original List Price: 4,295,000
Listing Contract Date: 2024-01-18
Listing Agreement: Exclusive Right To Sell
Parcel Number: 6051022033
Garage Description: Gated
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C37 - Metropolitan South
Postal Code Plus 4: 1031
Directions: North of Imperial Hwy East of Avalon Blvd
Zoning: LAM1
Source Property Type: Residential Income
Area: C37 - Metropolitan South
Property Age: 73
Year Built Source: Vendor Enhanced
Total Square Feet Living: 13742
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1503 E 109th Street, Los Angeles, CA,90059 | $649,999 | 6 | -- | 2,389 | 9563 Sqft |
11111 Wilmington Avenue, Los Angeles, CA,90059 | $725,000 | 2 | -- | 1,787 | 6501 Sqft |
1624 E 109th Street, Los Angeles, CA,90059 | $1,100,000 | 11 | 6 | 2,949 | 15217 Sqft |
2117 E 112th Street, Los Angeles, CA,90059 | $639,000 | 4 | 2 | 1,050 | 3132 Sqft |
1300 E 108th Street, Los Angeles, CA,90059 | $725,000 | 5 | 2 | 1,918 | 5854 Sqft |
2069 E 120th Street, Los Angeles, CA,90059 | $544,999 | 3 | 3 | 1,492 | 157803 Sqft |
2436 E 115th Street, Los Angeles, CA,90059 | $549,998 | 3 | 1 | 1,044 | 4368 Sqft |
629 E 109th Place, Los Angeles, CA,90059 | $479,900 | 4 | -- | 1,309 | 4862 Sqft |
1463 E 108th Street, Los Angeles, CA,90059 | $599,995 | 3 | 2 | 1,178 | 3847 Sqft |
1909 E 120th Street, Los Angeles, CA,90059 | $575,000 | 3 | 2 | 1,776 | 48230 Sqft |
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ByOwner last updated this listing 05/08/2024 @ 15:40
MLS: 24348907
LISTED BY: Hooman Emanuel, Keller Williams Studio City
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.