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.
This property is $3.2M more than the Median Sold Price and $331/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24430823
Listing Office:
Office Name: Keller Williams Studio City
Office Phone: (818) 432-1500
Listing Agent: Deboura Emanuel
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 2:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 17, 2019
Oct 17, 2019Home Sold
$3,550,000
Oct 18, 2005
Oct 18, 2005Home Sold
$1,628,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$20,361
$1,535,747
2020
$12,040
$1,520,000
2019
$11,905
$830,587
2018
$11,611
$814,302
2017
$11,611
$798,336
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
109th Street School
10915 McKinley Ave
Distance between this listing and this school0.14 miles
Public District Grades KG-5
5
/10
99th Street Elementary School
9900 Wadsworth Ave
Distance between this listing and this school0.54 miles
Public District Grades PK-6
5
/10
112th Street STEAM Academy
1265 E 112th St
Distance between this listing and this school0.54 miles
Public District Grades KG-5
Nearby Schools
4
/10
Animo James B. Taylor Charter Middle School
810 E 111th Pl
Distance between this listing and this school0.24 miles
Public Charter Grades 6-8
4
/10
Alliance Jack H. Skirball Middle School
603 E 115th St
Distance between this listing and this school0.64 miles
Public Charter Grades 6-8
3
/10
Samuel Gompers Middle School
234 E 112th St
Distance between this listing and this school0.73 miles
Public District Grades 6-8
Nearby Schools
2
/10
Alain Leroy Locke College Preparatory Academy
325 E 111th St
Distance between this listing and this school0.56 miles
Public Charter Grades 9-12
5
/10
University Pathways Medical Magnet Academy
11227 S San Pedro St
Distance between this listing and this school0.73 miles
Public Magnet Grades 9-12
2
/10
Dorothy V. Johnson Community Day
10601 Grandee Ave
Distance between this listing and this school0.91 miles
The neighbors living near this home have an average income of $38,958. Most Los Angeles, CA residents have annual incomes less than $35k. Residents typically live in single, with kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 825 E 108th St
What is the listing price of this property?
The listing price of 825 E 108th St property is $4,250,000.
What type of property is this?
The property 825 E 108th St is a house located in Los Angeles, California, 90059.
Is this property for sale now?
Active Listing: 825 E 108th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $20,361 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on October 17, 2019 for $3,550,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 825 E 108th St has 39 bedrooms and 22 bathrooms.
What is the square footage of this property?
The property 825 E 108th St is 13,742 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 825 E 108th St is 1951.
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This home is located at 825 E 108th St in Los Angeles, CA and zip code 90059 in the Green Meadows neighborhood. This 13,742 square foot home, which was built in 1951, sits on a 0.33 acre lot. Features: 39 bedrooms, 22 bathrooms. It has been listed on Rocket Homes since August 22, 2024 and is currently priced at $4,250,000.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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