1507 W 108th St, Los Angeles, CA 90047

1507 W 108th St, Los Angeles, CA 90047

Los Angeles, CA

Property Description

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.

Property Features

  • Sale Price: $1,245,000
  • Area Size: 4,863 Sq. Ft.
  • Land Area: 16,699 Sq. Ft.
  • Year Built: 1954
  • Listing Date: 6/21/2023
  • Closing Date: 10/18/2023
  • Units: 6
  • Current GRM: 12.63
  • Current Cap Rate: 4.78%
  • Price Per Unit: $183,333
  • Market GRM: 6.57
  • Market Cap Rate: 11.86%
  • Current NOI: $52,579