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825 E 108th StreetLos Angeles, CA 90059

For Sale

$4,250,000

Smart Buyer Rebate $42,500

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.

Listed by Deboura Emanuel

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License #01367535

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Keller Williams Studio City

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13105052198

Listed by Hooman Emanuel

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License #01200237

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Keller Williams Studio City

Last updated December 04, 2024

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Source: CRMLS #24430823

Listing Facts

  • TypeMulti-family
  • NeighborhoodGreen Meadows
  • Bedrooms39
  • Days on Prevu381
  • Size13,742 sqft
  • Price per sqft$309

Amenities

  • Dishwasher
  • Parking

Location

Mortgage Calculator

Listing History

09/17/2024
Status changed to Active
$4,250,000
09/17/2024
Status changed to Removed from Feed
$4,250,000
08/22/2024
Listed by Keller Williams Studio City
$4,250,000

Property Details for 825 E 108th Street

Exterior

Construction

  • Number Of Units Total: 22
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1951

Measurements

  • Building Area Total: 13,742
  • Lot Size Acres: 0.33
  • Lot Size Area: 14,387
  • Lot Size Source: Other
  • Lot Size Square Feet: 14,387
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.47
  • Gross Income: $414,131.00

Taxes

  • Parcel Number: 6051022033

Interior

Features

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator

Measurements

  • Living Area: 13,742
  • Living Area Source: Other

Rooms

  • Bathrooms Total Integer: 22
  • Bedrooms Total: 39

Parking

Parking

  • Parking Features: Gated
  • Parking Total: 8

Utilities

Equipment

  • Heating: Wall Furnace
  • Has Heating: Yes

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.