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Sold for $1,245,000 on 10/18/23
  • Listing Provided by: 

    Aaron Jacobson DRE #02100737 310-425-9838,

    Lyon Stahl Investment Real Estate, Inc.,

    Cameron Samimi DRE #02035763,

    Lyon Stahl Investment Real Estate, Inc.

    $1,245,000

    1507 W 108th St, Los Angeles, CA 90047

    --beds
    --baths
    4,863sqft
    Multi Family
    Built in 1954
    -- sqft lot
    $1,521,700 Zestimate®
    $256/sqft
    $2,143 Estimated rent

    What's special

    1507 W 108th St is a value add 6 Unit property in an Unincorporated South Los Angeles. Priced at only $183,333/Unit and $226/Sq. Ft, This massive 4,863 Sq. Ft. Building gives an investor the opportunity for over 90% in rental upside. 1507 W 108th includes recent upgrades, such as a new roof and copper plumbing With the ability to add (2) ADUs (Buyer to verify), this investment opportunity is perfect for any investor looking at operating an 8 Unit building on a 16,669 Sq. Ft Lot. Highlighted by a 6-Bed/2-Bath unit that will be delivered tenant ready, this investment brings endless opportunity to immediately renovate and increase the current income. This property will operate above an 11% cap rate before even adding ADUs Minutes from new construction in quickly growing submarket of LA County and just minutes from Inglewood's new developments as well as new developments in Hawthorne.

    Zillow last checked: 7 hours ago

    Listing updated: October 18, 2023 at 03:49pm

    Listing Provided by:

    Aaron Jacobson DRE #02100737 310-425-9838,

    Lyon Stahl Investment Real Estate, Inc.,

    Cameron Samimi DRE #02035763,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with:

    Brant Kantor, DRE #02002134

    eXp Realty of California Inc

    Source: CRMLS,MLS#: SB23109426MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Appliances
    • Laundry: Laundry Closet
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 4,863
    • Total interior livable area: 4,863 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Garage
    • Garage spaces: 6
    Features
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 0.38 Acres
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 6077029017
    • Zoning: LCR2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1954

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Biking, Dog Park, Park
    Location
    • Region: Los Angeles

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,1031 Exchange
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $1,521,700

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,521,700