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Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23089476
Sold Date 10/31/23
Bedrooms 8
HOA Y/N No
Lot Size 10,076 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 its 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.
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 its 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 Inglewood (90303)
Zoning Public Rec
Building
Lot Description Sidewalks
Story 1
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Monthly Total Fees $76
Acceptable Financing Cash, Conventional, Exchange
Space Rent $1,000
Listing Terms Cash, Conventional, Exchange
Financing Conventional
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Bought with Stephen Takahashi • Lyon Stahl Investment Real Estate, Inc.