$960,000

424 W 108th, Los Angeles, CA 90061

  • 11 beds
  • 3,992 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $240/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

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. A 2/1 unit is currently available - offering immediate flexibility for an owner-use or lease-up at market rent. Key highlights: • 7.79 % in-place CAP | 10.16% pro forma CAP • One upgraded vacant unit ready for immediate "owner living in one" or lease • 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 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.

Listing Status:
Active
Date Added:
April 14, 2026
Data Last Updated:
April 17, 2026 at 4:09AM
Listing Office:
First Team Real Estate :
Listing Agent:
Gustavo Arias : 323-819-0035
MLS ID:
CRPW26069885
  • Laundry: No Hookups
  • Flooring: LaminateTile
  • A/C: No Air Conditioning
  • Heating: Wall Furnace
  • General: Other
  • Parking: AssignedOtherParking spaces: 8
  • General: Stucco
  • HOA Amenities: 0.0
  • County: Los Angeles
  • Zoning: LAR46061034006
  • View: None
  • Fencing: Wood

This listing courtesy of Gustavo Arias , First Team Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Figueroa Street Elementary School

510 W 111th St, Los Angeles, CA, 90044

Grades KG-5

0.29 miles away

S

Samuel Gompers Middle School

234 E 112th St, Los Angeles, CA, 90061

Grades 6-8

0.73 miles away

U

University Pathways Medical Magnet Academy

11227 S San Pedro St, Los Angeles, CA, 90061

Grades 9-12

0.77 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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