$4,250,000
For Sale

825 E 108th Street

Los Angeles, CA 90059
13742 sqft | 39 beds | 0.33 acres | #24430823
Listing OfficeKeller Williams Studio City
Browse 6 photos
Type:Multi-Family
Structure:House
Zone:Commercial

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
      • Property SubtypeResidentialIncome
      • Property TypeMulti-Family
      • CountyLos Angeles
      • Original List Price$4,250,000
      • MLS #24430823
      • MLS #24430823
      • Cost4250000
      • Acres0.3303
      • Square Feet13742
      • Year Built1951
      • Bedrooms39
      • Stories2

Location

Cristina Arneson-CabreraReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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