$4,250,000
825 E 108th Street
Los Angeles, CA, 90059
Property Description
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 Details
Price:
$4,250,000
MLS #:
24430823
Status:
Active
Baths:
0
Address:
825 E 108th Street
Type:
Residential Income
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Aug 22, 2024
State:
CA
ZIP:
90059
Lot Size:
14,387 sqft / 0.33 acres (approx)
Year Built:
1951
Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Heating
Wall Furnace
Exterior
Parking Features
Gated
Parking Spots
8.00
Stories Total
2
Financial
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Courtesy of Keller Williams Studio City. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
825 E 108th Street
Los Angeles, CA
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