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825 E 108th Street

Los Angeles, CA 90059

– beds
– baths
– sqft
14,387 sqft lot
1951 build
– on site

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.

Listed By CRMLS_CA / Deboura Emanuel / Keller Williams Studio City

Last checked: Checking… • Last updated Aug 30, 2024 •

MLS# 24430823 —

The Building

Year Built:

1951
New Construction:

No
Building Area Total:

13742.00
# of Buildings:

3
Total Number Of Units:

22
Stories Total:

2

Interior

Levels:

Two

Location

Directions:

North of Imperial Hwy East of Avalon Blvd
Latitude:

33.93856800
Longitude:

-118.25975800

The Property

Property Type:

Residential Income
Zoning:

LAM1
Lot Size Area:

14387.0000
Lot Size Acres:

0.3303
Lot Size SqFt:

14387.00
Lot Size Source:

Other
Additional Parcels:

Yes

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6051022033

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Appliances

Appliances:

Dishwasher, Disposal, Microwave, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Gated
Parking Spaces:

8.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
8/22/24 Aug 22, 2024	Listed / Active	CRMLS_CA	$4,250,000
5/14/24 May 14, 2024	Price Changed	CRMLS_CA
2/26/24 Feb 26, 2024	Price Changed	CRMLS_CA

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This multifamily located in South LA, Los Angeles, CA 90059 is currently for sale for $4,250,000. 825 E 108th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 94 days. 825 E 108th Street is in the South LA neighborhood of Los Angeles and has a WalkScore® of 59, making it somewhat walkable. This multifamily is in the attendance area of Alain Leroy Locke College Preparatory Academy and 109th Street Elementary School.

Listing Courtesy of: CRMLS_CA and Keller Williams Studio City. Based on information from California Regional Multiple Listing Service, Inc. as of 23:55 on Nov 23.

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.