825 E 108th St
Los Angeles, CA 90059
Multifamily Property For Sale · 22 Units
PROPERTY FACTS
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 13,742 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 0.58/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Refrigerator
- Tub/Shower
- Family Room
SITE AMENITIES
- Gas Range
ABOUT 825 E 108TH ST , LOS ANGELES, CA 90059
825-837 E 108th Street was built in 1951, this 22-unit property consisting of three adjacent buildings is located on three parcels totaling 14,387 SF lot in the Congress Southeast neighborhood. The two-story buildings feature one-bedrooms and two-bedrooms. This offering presents an investor the chance to acquire three parcels with stabilized, strong cash flow with additional upside as units turn and the rental submarket grows. Additionally, the subject property has eight total parking spaces with no soft-story work required. The property is being offered at a 10.62 GRM on current income and pro-forma CAP rate of 6.54%, very strong returns for infill Southern California real estate.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $1,096 | - |
| 2+1 | 17 | $1,161 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,391,005 | |
| Land Assessment | $1,415,301 | Total Assessment | $3,806,306 |
ZONING
| Zoning Code | M1-1-CPIO & R1-1 (Limited Industrial) |
