424 W 108th St W, Los Angeles, CA 90061 (MLS # PW26069885)
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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.
| DAYS ON MARKET | 8 | LAST UPDATED | 4/15/2026 |
|---|---|---|---|
| YEAR BUILT | 1940 | COMMUNITY | C34 - Los Angeles Southwest |
| GARAGE SPACES | 4.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Apr 15, '26 | $960,000 |
|---|---|
| Apr 15, '26 - Apr 15, '26 | $955,000 |
| Apr 15, '26 - Today | $960,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Gas Range, Refrigerator, Water Heater |
| AREA | C34 - Los Angeles Southwest |
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| INTERIOR | Granite Counters |
| LOT | 5249 sq ft |
| LOT DIMENSIONS | 5248 |
| PARKING | Assigned, Driveway, Garage, Other, Paved |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Connected, Natural Gas Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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