424 W 108th St

Los Angeles CA 90061

5248 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Well-maintained 4-unit investment property delivering a 7.79% current cap rate with clear upside to 10.16% pro forma in a high-demand South Los Angeles corridor. The property consists of three 2-bedroom/1-bath units and one 5-bedroom/2-bath. Key highlights: 7.79 % in-place CAP | 10.16% pro forma CAP Separate electric and gas meters 4 one-car garages generating additional rental income Opportunity to install coin-op laundry for further NOI growth 5,248 SF lot Proven income-producing asset Maintained Fully Occupied Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside offering both strong current yield and operational growth potential in one of Los Angeles most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.

Features

11 bedrooms

5 bathrooms

5248 sq. ft. lot size

Multi-Family

Property history for 424 W 108th St

2021

Sold

$885,000

13 May 2021 by Lynette Najar, of eHomes

2016

Sold

$599,000

19 Apr 2016 by Eliza Kerndian, of Keller Williams Realty Westside

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