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1507 W 108th Street

Los Angeles, CA 90047

– beds
– baths
– sqft
~1/2 acre lot
1954 build
– on site

More homes

1507 W 108th St is a value add 6 Unit property in an Unincorporated South Los Angeles. Priced at only $183,333/Unit and $226/Sq. Ft, This massive 4,863 Sq. Ft. Building gives an investor the opportunity for over 90% in rental upside. 1507 W 108th includes recent upgrades, such as a new roof and copper plumbing With the ability to add (2) ADUs (Buyer to verify), this investment opportunity is perfect for any investor looking at operating an 8 Unit building on a 16,669 Sq. Ft Lot. Highlighted by a 6-Bed/2-Bath unit that will be delivered tenant ready, this investment brings endless opportunity to immediately renovate and increase the current income. This property will operate above an 11% cap rate before even adding ADUs Minutes from new construction in quickly growing submarket of LA County and just minutes from Inglewood's new developments as well as new developments in Hawthorne.

Listed By CRMLS_CA / Aaron Jacobson / Lyon Stahl Investment Real Estate, Inc.

Last checked: Checking… • Last updated Oct 18, 2023 •

MLS# SB23109426 —

The Building

Year Built:

1954
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

4863.00
Building Area Units:

Square Feet
Total Number Of Units:

6
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

7
# of Separate Water Meters:

1
# of Separate Electric Meters:

7

Interior

Entry Location:

Front
Laundry:

In Closet
Laundry:

1

Location

Directions:

South of Century East of Western
Latitude:

33.93867900
Longitude:

-118.30278800

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LCR2
Lot Features:

0-1 Unit/Acre
Lot Size Area:

16699.0000
Lot Size Acres:

0.3834
Lot Size SqFt:

16699.00
Lot Size Source:

Assessor
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

6003.02
Tax Tract:

1234
Tax Lot:

65

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6077029017
Showings Begin:

2023-06-21

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Biking, Dog Park, Park
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

6.00
Garage Spaces:

6.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/18/23 Oct 18, 2023	Sold	CRMLS_CA	$1,245,000	13.2%
7/18/23 Jul 18, 2023	Sold Subject To Contingencies	CRMLS_CA	$1,100,000
6/21/23 Jun 21, 2023	Listed / Active	CRMLS_CA	$1,100,000

Multifamily Sold on 10/18/2023

$1,245,000

Listing provided by broker:

Aaron Jacobson

Lyon Stahl Investment Real Estate, Inc.

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Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 19:35 on Mar 30.

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.

1507 W 108th Street

Los Angeles, CA 90047