$4,250,000
825 E 108th ST Los Angeles, CA 90059
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$4,250,000
Est. payment /mo
39 Beds
22 Baths
13,742 SqFt
UPDATED:
09/30/2024 06:29 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,742 sqft
Price per Sqft $309
MLS Listing ID 24430823
Bedrooms 39
HOA Y/N No
Year Built 1951
Lot Size 0.330 Acres
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.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAM1
Interior
Heating Wall Furnace
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator
Exterior
Garage Gated
Parking Type Gated
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6051022033
Special Listing Condition Standard
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Listed by Deboura Emanuel • Keller Williams Studio City
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