825 East 108th Street

Los Angeles, CA 90059

$4,295,000
Price
39
Beds
22
Baths
13,742 Sq. Ft.
$313 / Sq. Ft.
13,742
Sq. Ft.
$313
per Sq. Ft.

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....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.
  1. Listed by Hooman Emanuel • DRE #01200237 • Keller Williams Studio City
  2. Listed by Deboura Emanuel • DRE #01367535 • Keller Williams Studio City

Property Details for 825 East 108th Street

Zoning
LAM1
Parcel Number
6051022033
Total Units
22.0
Living Area
13742
Source Living Area
Other
Area
Metropolitan South (C37)
Vacancy Rate
1
Lot Size Area
14387

Location

Listing Courtesy of Keller Williams Studio City, Hooman Emanuel, DRE #01200237; Keller Williams Studio City, Deboura Emanuel, DRE #01367535
Add your commute
LISTING UPDATED: 02/27/2024 08:40 PM

Property Details for 825 East 108th Street

StatusActive
MLS #24-348907
Days on Market106
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.33 AC / 14,387 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Studio City, Hooman Emanuel, DRE #01200237; Keller Williams Studio City, Deboura Emanuel, DRE #01367535
Add your commute

Building Information for 825 East 108th Street

Stories2Residences-Year Built1951Building Size-Lot Size0.33 AC / 14,387 SF

Payment Calculator

$25,237 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,440

Property Taxes

$1,797

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 825 East 108th Street

Community / Development
Community / Development
  • Number Of Units: 22
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $401,707
  • Net Operating Income: $277,814.00
  • Gross Income: $414,131
  • Cap Rate: 6.47%
  • Gross Rent Multiplier: $10.37
  • Total Annual Expense: 123893
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.33
  • Lot Size Square Feet: 14387
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 8
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Microwave, Range/Oven, Garbage Disposal, Dishwasher, Refrigerator, Freezer
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-18-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,511.00
  • Unit Actual Rent: $7,557.00
  • Unit Projected Rent: $9,475.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,547.00
  • Unit Actual Rent: $26,303.00
  • Unit Projected Rent: $36,550.00
  • Like Units: 17
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,051,178.00
  • Assessed Improvement Percent: 65.79
  • Assessed Land Value: $546,611.00
  • Assessed Land Percent: 34.21
  • Assessed Total Value: $1,597,789.00

Property History for 825 East 108th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 825 East 108th Street

Taxable ValueLand$546,611Additions$1,051,178Total$1,597,789
Tax Record2023$21,568 ($1,797 / month)
Home Facts
Total Finished SqFt5,962 SqFtAbove Grade Finished SqFt5,962 SqFtLot Size5,755 SqFtStyleMulti-Family Res (5+ Units)Year Built1951ZoningLAM1CountyLOS ANGELESAPN6051-022-033

Schools near 825 East 108th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Charter - 5 to 8
Rating
School
Distance
One Hundred Ninth Street Elementary School
PublicK to 5

Animo Charter Middle No. 2
Charter6 to 8

Alain Leroy Locke College Prep Academy
Charter9 to 12

Resolute Academy Charter
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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825 East 108th Street is a multi-family home for sale in Los Angeles, CA 90059. This property was listed for sale on January 18, 2024 by Keller Williams Studio City, it's currently listed at $4,295,000. This listing's school district is Los Angeles Unified School District. Nearby schools include One Hundred Ninth Street Elementary School, Animo Charter Middle No. 2 and Alain Leroy Locke College Prep Academy. 825 East 108th Street is a 39-bed, 22-bath, 13,742 sqft multi-family home built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Studio City, Hooman Emanuel, DRE #01200237; Keller Williams Studio City, Deboura Emanuel, DRE #01367535

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.