424 W 108th, Los Angeles, CA 90061
- 11 beds
- 3,992 sqft
Multi-Family Home
Built in 1940
5,227sqft lot
—— car garage
$240/sqft
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
- 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
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Figueroa Street Elementary School
510 W 111th St, Los Angeles, CA, 90044
Grades KG-5
0.29 miles away
Samuel Gompers Middle School
234 E 112th St, Los Angeles, CA, 90061
Grades 6-8
0.73 miles away
University Pathways Medical Magnet Academy
11227 S San Pedro St, Los Angeles, CA, 90061
Grades 9-12
0.77 miles away



