825 108th Street, Los Angeles

$4,295,000

Click the arrows next to the image to browse our photo gallery for this property.

3 Beds
2 Baths
13,742 Sqft
.33 Acre
0 Garage

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.

Essential Information

MLS® #
24348907
Price
$4,295,000
Bedrooms
3
Bathrooms
2.00
Square Footage
13,742
Acres
0.33
Year Built
1951
Type
Residential Income
Status
Active

Community Information

Address
825 108th Street
Area
C37 - Metropolitan South
City
Los Angeles
County
Los Angeles
Zip Code
90059
Senior Community
N

Amenities

Parking Spaces
8
Parking
Gated
Garages
Gated

Interior

Heating
Wall Furnace
# of Stories
2
Stories
Two

Appliances

Dishwasher, Disposal, Microwave, Refrigerator

Additional Information

Date Listed
January 18th, 2024
Days on Market
100
Zoning
LAM1

Listing Details

Agent
Hooman Emanuel
Office
Keller Williams Studio City
Property History
Price Reduced from $4,395,000 to $4,295,000

LISTING MAP

Get directions to this property:

Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 4:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.