$1,000,000
$1,095,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
10,075 Sqft Lot
SOLD DATE : 10/31/2023
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23089476
Sold Date 10/31/23
HOA Y/N No
Year Built 1946
Lot Size 10,075 Sqft
Property Description
3825 108th Street is a perfect investment for an owner-user and/or value-add investor. The subject property is located on an oversized 10,000 sq ft lot in the heart of Inglewood. This opportunity has a very strong walk score because it’s close proximity to everyday errands and high end entertainment venues such as SoFi Stadium and Intuit Dome. These venues hosted events such as Super Bowl LVI (February 2022), the College Football Championship (January 2023) and is scheduled to host the opening/closing ceremony plus events like soccer and archery for the 2028 Olympic Games. Tenants enjoy this location because of the convenience it offers to major highways and public transportation. 3825 W 108th St also boasts a great unit mix of all 2-bedroom/1-bath units where tenants have ample space to park; where a new owner will be able to come in and immediately increase rents by roughly 100%. Inglewood has just started its climb; other developments coming in the area are LA Phil Yola Center, NFL Media Center, Arya Hotel, and numerous residential developments.
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INR2YY
Interior
Fireplace No
Laundry None
Exterior
Garage Driveway
Pool None
Community Features Sidewalks, Urban
Parking Type Driveway
Total Parking Spaces 10
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4032023018
Energy Description 900.0
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Stephen Takahashi • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "