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423 E 108TH Street

Los Angeles (City), CA 90061
  • $750,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: 22152627
UPDATED: 40 min ago
$750,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2018
County:

School Ratings & Info

Listing Agent(s): Joel Daniel Rangel of Coldwell Banker Realty (424-280-7400)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T19:29:21.743. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128415312
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423 E 108TH Street Los Angeles (City), CA 90061

  • Price: $750,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 40 min ago
  • ID#: 22152627
0
Beds
0
Baths
0
½ Baths
0.12
Acres
2018
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - 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

Direction Faces South Entry Location Living Room Foundation Details RaisedSlab Number Of Separate Electric Meters 2 Parking Features None Parking Total 4 Roof CompositionShingle View None View YN No

Interior Features

Appliances DryerWasher Cooling Central Air Cooling YN Yes Heating CentralWall Furnace Heating YN Yes Window Features Double Pane Windows

Property Features

Association Fee 0 Garage YN Yes Gross Income 52800 Land Lease YN No Laundry Features Inside Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Property Condition Updated/Remodeled Rent Control YN No Security Features Window Bars Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGasTrash CollectionWater Vacancy Allowance Rate 0 Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T19:29:21.743. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Joel Daniel Rangel of Coldwell Banker Realty (424-280-7400)