Skip To Content

423 E 108TH St

Los Angeles, CA 90061
  • $750,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 22-152627
UPDATED: 27 min ago
$750,000
  • 6
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,247
    SQFT
  • $334
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2018
County:

School Ratings & Info

Description

Built by a contractor as his primary residence, this two-unit property offers a low-maintenance investment opportunity with high returns. Developed over the years, it received the care and attention that only a licensed contractor would give to the property he lives in. Past some minor natural wear, there is sturdy craftsmanship. The rear unit was built new, from top to bottom, in 2018 and includes central AC and a 2-car garage, among other features. The front house was updated and expanded over the years, with significant upgrades done in 2016, including a new 25-year-grade roof, windows, copper plumbing, new electrical, main-drain line, new concrete driveway, and more. The front-house upgrades alone are estimated at over $90K. The property even has separate water meters, a not common feature due to the high installation cost. All other utilities are also separately metered and paid by the tenants. Each property has its own address (423 & 425). They both have washer and dryer hookups. Both units are occupied with fully cooperating tenants with no pending complaints and no missed rent payments. No rent control. Sold with tenants. Combined monthly Rent: $4,400. Gross Rent Multiplier: 14. This property is ready for a buyer looking for a well-built, low maintenance real estate investment in an area where the median price for single-family homes has increased by over 260% in the past ten years, way above average for Los Angeles.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/128414024
Print Image

423 E 108TH St Los Angeles, CA 90061

  • Price: $750,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 27 min ago
  • MLS #: 22-152627
6
Beds
0
Baths
0
½ Baths
0.12
Acres
2,247
SQFT
$334
$/SQFT
2018
Built
Neighborhood:
Metropolitan South
County:
Los Angeles
Area:
Metropolitan South
Property Description
Built by a contractor as his primary residence, this two-unit property offers a low-maintenance investment opportunity with high returns. Developed over the years, it received the care and attention that only a licensed contractor would give to the property he lives in. Past some minor natural wear, there is sturdy craftsmanship. The rear unit was built new, from top to bottom, in 2018 and includes central AC and a 2-car garage, among other features. The front house was updated and expanded over the years, with significant upgrades done in 2016, including a new 25-year-grade roof, windows, copper plumbing, new electrical, main-drain line, new concrete driveway, and more. The front-house upgrades alone are estimated at over $90K. The property even has separate water meters, a not common feature due to the high installation cost. All other utilities are also separately metered and paid by the tenants. Each property has its own address (423 & 425). They both have washer and dryer hookups. Both units are occupied with fully cooperating tenants with no pending complaints and no missed rent payments. No rent control. Sold with tenants. Combined monthly Rent: $4,400. Gross Rent Multiplier: 14. This property is ready for a buyer looking for a well-built, low maintenance real estate investment in an area where the median price for single-family homes has increased by over 260% in the past ten years, way above average for Los Angeles.
Exterior Features

Covered Parking 2 Direction Faces South Entry Location Living Room Levels Multi/Split Lot Location City Lot Size Area 5400 Other Structures None Parking Garage None Patio Features Balcony Paved YN Yes Roof CompositionShingle Total Parking 4 View Description None View YN No Water Frontage None

Interior Features

Bathroom Features Shower Stall Baths Total 4.00 Bedroom Features Master Bedroom Common Walls Detached/No Common Walls Cooking Appliances Gas Cooling Air ConditioningCentral Equipment DryerWasher Flooring Mixed Foundation Details RaisedSlab Heating CentralWall Interior Features Detached/No Common Walls Kitchen Features Counter TopGranite CountersQuartz Counters Laundry Inside Water Heater Features Gas Windows Double Pane Windows

Property Features

Alley YN No Assessed Total Value 412046 Entry Floor Number 1 Gross Income 52800 Gross Operating Income 0 Land Lease Type Fee Like Units1 1 Like Units2 1 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 2 Property Condition New ConstructionUpdated/Remodeled Rent Control YN No Sale Type Standard Security Features Window Bars Sewer In Street Source Living Area Other Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays GasWaterTrash CollectionElectricity Total Annual Expense 0 Type Of Units Residential Water Public Water Heaters YN Yes Year Built Source Other Zoning Lar2

Listing provided courtesy of Joel Daniel Rangel DRE#01827663 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-152627-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-152627-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-152627-2.jpg
Logo
The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210