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1037 W 108Th St Los Angeles, CA 90044

$1,025,000 Sold Price as of 08/20/2020

10 Beds
5 Baths
-- Sq.Ft.

Sold

$1,025,000 Sold Price as of 08/20/2020 Refinance Your Mortgage

Map preview of 1037 W 108Th St, Los Angeles, CA 90044

Property Overview: 1037 W 108Th St Los Angeles, CA has 10 bedrooms, 5 bathrooms, -- living square feet and 5,007 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1037 108th Street offers investors healthy current income with upside potential. 1037 108th Street is a 5-unit apartment building located in an Opportunity Zone in South Los Angeles, Unincorporated Los Angeles County. Built in 1959, the property is comprised entirely of two-bedroom, one-bathroom units with surface and carport parking. There is an on-site laundry room where a washer and dryer can be added for additional income. Conveniently located on 108th Street and Vermont, tenants benefit from proximity to the 110 and 105 freeways offering access to Inglewood, Hawthorne, Torrance, and Downtown Los Angeles. 1037 108th Street is roughly one mile from the Saint Andrews Recreation Center and Jesse Owens Park as well as offers accessibility to the Los Angeles International Airport, and the SoFi Stadium at Hollywood Park, home to the Los Angeles Rams.

Listed by David Harrington | BRE #01320460 | Matthews Real Estate Investment Services

Last checked: 10 minutes ago | Last updated: April 13th, 2023 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft: 5,007
HOA Dues: $0/mo
Year built: 1959
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20593178
City: Los Angeles
County: Los Angeles
Time on Site: 1223 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 5
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,703
Total Rent: $8,516
Pro Forma/Market Rent: $9,000

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 10.27
Gross Scheduled Income: --
Net Operating Income: $67,122
Gross Operating Income: $97,082

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1037 W 108Th St

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Attached Carport

Property Information

Total # of Units: 5
Parcel Number: 6076004030

Location / Neighborhood

Location Information

Directions: West of S Vermont Avenue on W 108th Street.

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Local Los Angeles Agent

Sale History for 1037 W 108Th St

Last leased for $2,250 on April 10th, 2023

April, 2023
Apr 10, 2023

Date

Leased

CRMLS: 23245145

$2,250

Price
Feb 25, 2023

Date

Active

CRMLS: 23245145

$2,250

Price
Listing provided courtesy of CRMLS

2-bedroom, 1-bathroom with new kitchen cabinets and countertop; conveniently located near the 110 and 105 freeways, as well as LAX Airport and Inglewood entertainment/sports arenas; Section 8 eligible

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August, 2020
Aug 21, 2020

Date

Sold

CRMLS: 20593178

$1,025,000

Price
Jun 22, 2020

Date

Pending

CRMLS: 20593178

$1,050,000

Price
Jun 19, 2020

Date

Active

CRMLS: 20593178

$1,050,000

Price
August, 2020
Aug 20, 2020

Date

Sold (Public Records)

Public Records

--

Price
May, 2019
May 3, 2019

Date

Sold (Public Records)

Public Records

$750,000

Price
November, 2009
Nov 24, 2009

Date

Sold

CRMLS: 12127543

$300,000

Price
Jul 20, 2009

Date

Active

CRMLS: 12127543

$396,150

Price
Listing provided courtesy of CRMLS

5 unit gold mine. 1 unit is currently vacant. Property has great income potential. Community laundry room. Off street park for all units. Property has deffered maintance. Property located in County of Los Angeles. No Rent Control.

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Tax History for 1037 W 108Th St

Assessed Value (2020): $1,005,720

Year	Land Value	Improved Value	Assessed Value
2020	$754,800	$250,920	$1,005,720

Home Value Compared to the Market

This property vs the competition

1037 W 108Th St sold on August 20, 2020 for 11.76% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 1037 W 108Th St

Detailed summary of property

1037 W 108Th St is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 10 bedrooms, 5 bathrooms, roughly -- living square feet, and sits on an approximately 5,007 square foot lot. 1037 W 108Th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,025,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 11.76% lower than the current median priced home. Local homes that are currently for sale include 8870 S Figueroa St, 205 W 119th St and 10000 S Gramercy Pl. While the average home in Los Angeles, CA is selling in 92 days, 1037 W 108Th St has a days on market of 2 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1037 W 108Th St Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1037 W 108Th St

Public county record property details

Beds: 10
Baths: 5
Year built: 1959
Sq. Ft.: 4,350
Lot Size: 5,006
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 230
APN: 6076-004-030

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$670,000

Median List Price/Sq.Ft.

$516

Median Sold Price

$739,000

Median Sold Price/Sq.Ft.

$461

Total Inventory

Median Sale to List Price %

105.57%

Avg Days on Market

Loan Type

Conventional (35.71%), FHA (35.71%), VA (0%), Cash (7.14%), Other (0%)

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Homes for Sale Near 1037 W 108Th St

Nearby Homes for Sale

10116 S Vermont Ave, Los Angeles, CA 90044

Recently Sold Homes Near 1037 W 108Th St

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$1,650,000 Last Sold Price

9 Beds

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10627 S Vermont Ave
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$885,000 Last Sold Price

7 Beds

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3000 Sq.Ft.

1020 W 106th St
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.