825-833 E 108th St - Apartments FOR SALE


Los Angeles, CA 90059- Canndu/Avalon Gardens
$4,100,000 USD
818-335-0923
825-833 E 108th St, Los Angeles, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/4
null | 6.97% Cap Rate

825-833 E 108th St
Los Angeles, CA 90059
Canndu/Avalon Gardens


HIGHLIGHTS

  • Strong Upside Potential: Over 35% rental upside, increasing the current 6.97% cap rate to a projected 10.49%
  • Attractive Unit Mix: 5 one-bedroom/one-bath units and 17 two-bedroom/one-bath units
  • Renovated & Well-Maintained: Buildings have been freshly painted, and more than half of the units have been renovated
  • Exceptional Returns: Starting cash flow of 9.8%, with potential to exceed 20% cash-on-cash
  • Flexible Exit Strategy: Property consists of three separate parcels, offering the option to sell each building individually
  • Prime Location: Close proximity to the Avalon Metro Station, restaurants, and schools

OVERVIEW

This property offers a great rental location with an attractive unit mix of five 1-bedroom/1-bath units and seventeen 2-bedroom/1-bath units. With over 35% rental upside, the current 6.97% cap rate can increase to a projected 10.49%, providing strong value-add potential. The buildings have been freshly painted, and more than half of the units have been renovated, ensuring solid in-place income and reduced near-term maintenance. Situated on three separate parcels, the property also offers a flexible exit strategy, allowing a future buyer to sell the buildings individually. Conveniently located near the Avalon Metro Station, as well as local restaurants and schools, this asset combines excellent accessibility with neighborhood amenities. With an impressive starting cash flow of 9.8% and the potential to exceed 20% cash-on-cash returns, this is a compelling opportunity for investors seeking both immediate income and long-term upside.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

22

PRICE/UNIT

$186,364

CAP RATE

6.97%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,388 SF

ZONING

M1-1-CPIO & R1-1

APN/PARCEL ID

6051-022-031,6051-022-032,6051-022-033

ASK ABOUT THIS PROPERTY

Hooman EmanuelKW CommercialMore Info
818-335-0923

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Hooman EmanuelKW CommercialMore Info
818-335-0923

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.