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825-833 E 108th St 22 Unit Apartment Building $4,100,000 ($186,364/Unit) 6.97% Cap Rate Los Angeles, CA 90059
Investment Highlights
- Strong Upside Potential: Over 35% rental upside, increasing the current 6.97% cap rate to a projected 10.49%
- Renovated & Well-Maintained: Buildings have been freshly painted, and more than half of the units have been renovated
- Flexible Exit Strategy: Property consists of three separate parcels, offering the option to sell each building individually
- Attractive Unit Mix: 5 one-bedroom/one-bath units and 17 two-bedroom/one-bath units
- Exceptional Returns: Starting cash flow of 9.8%, with potential to exceed 20% cash-on-cash
- Prime Location: Close proximity to the Avalon Metro Station, restaurants, and schools
Executive Summary
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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $186,364 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 6.97% | Building Size | 13,742 SF |
| Gross Rent Multiplier | 9.23 | Average Occupancy | 91% |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Apartment | Parking Ratio | 0.58/1,000 SF |
| Zoning | M1-1-CPIO & R1-1 - Light Industrial | ||
| Price | $4,100,000 |
| Price Per Unit | $186,364 |
| Sale Type | Investment |
| Cap Rate | 6.97% |
| Gross Rent Multiplier | 9.23 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 13,742 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 0.58/1,000 SF |
| Zoning | M1-1-CPIO & R1-1 - Light Industrial |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Refrigerator
- Tub/Shower
- Family Room
Site Amenities
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 500 |
| 2+1 | 17 | - | 650 |
1 1
Property Taxes
| Parcel Numbers | Total Assessment | $3,882,430 (2025) | |
| Land Assessment | $1,443,605 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,438,825 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$1,443,605 (2025)
Improvements Assessment
$2,438,825 (2025)
Total Assessment
$3,882,430 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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825-833 E 108th St
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