• 825 E 108th Street Los Angeles, CA 90059

  • $4,295,000
  • 39
    Bed(s)
  • 0
    Baths
  • 13,742
    Sq Ft
  • 14387
    Sqft
  • Listed By: Hooman Emanuel, Keller Williams Studio City, DRE #01200237
  • Source: CRMLS

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.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 39

Bathroom Information

Total Baths: 22

Full Baths: 0

Half Baths: 0

Interior Features

Property Appliances: Dishwasher,Disposal,Microwave,Refrigerator

Heating Source

Wall Furnace

Has Heating

Building Information

Year Built: 1951

Building Area Total: 13,742

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.3303

Lot Size Source: Other

Lot Size Square Feet: 14387

Listing Price Information

Original List Price: 4,295,000

Listing Contract Date: 2024-01-18

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 6051022033

Garage and Parking

Garage Description: Gated

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

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

Building and Construction

Property Age: 73

Year Built Source: Vendor Enhanced

Total Square Feet Living: 13742

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

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.

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