Active
825 E 108th St
Los Angeles CA, 90059
$4,250,000
$309.27 per sqft
Active
39 Beds
22 Baths
13,742 sqft
Multi-family
Built in 1951
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.
24-430823
MLSⓇ ID
August 22, 2024
Listed
November 22, 2024
Updated
Map
825 E 108th St
Los Angeles CA, 90059
Interior Features
Total Stories
2
Bedrooms
39
Total Bathrooms
22
Appliances
Microwave, Range/Oven, Garbage Disposal, Dishwasher, Refrigerator, Freezer
Laundry Description
Laundry Area
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.33 Acres
Lot Features
2-4 Lots
Other Property Details
Area Name
Metropolitan South
Days on Market
8
Garage
No
Parking
Gated
Parking Total
8
View
No
County
Los Angeles
Pool
No
Zoning
LAM1
Listed by Deboura Emanuel with Keller Williams Studio City
Listing Contact: 310-505-2198
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Davis Saadian | CA DRE #01921748 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024