Property Details

Year Built: 1951
Units: 22
Price / Unit: $147,727
Price / SqFt: $236.50
CAP: 5.62%
GRM: 10.72

Executive Summary

825-837 East 108th Street is a 22-unit investment opportunity located in Los Angeles’ Congress Southeast neighborhood, just between Century Boulevard and Imperial Highway

The subject property features three, two-story buildings consisting of five one-bedroom units and 17 two-bedroom units

Located on three parcels with a lot size totaling 14,387 square feet, current zoning is M1-1-CPIO and R1-1

Eight total parking spaces located at the rear of the property; no soft-story retrofit work required

Strong in-place cash flow for an investor; offered at a 5.62% CAP rate on current income with an additional 10% rental upside as units turn

The subject property has a secure, gated entrance and is within walking distance to many restaurants as well as the Ted Watkins Memorial Park

825-837 E 108th Street is in a location with easy access to both the 110 & 105 Freeways, giving tenants relatively easy commutes to most major Los Angeles destinations; over 410,000 people within a three-mile radius makes this a highly desirable submarket with rents increasing substantially year over year

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