1108 W 117th, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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Los Angeles, California 90044
Analysis of 1108 W 117th, Los Angeles, California 90044 is currently available with a list price of $1,050,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1947, this 7-unit property has undergone partial cosmetic updates including laminate flooring and newer kitchen cabinetry/countertops in some units. However, the bathrooms, wall-mounted heating units, and overall infrastructure show significant signs of age and are outdated by modern standards. It is well-maintained for its age and fully functional, but lacks the comprehensive renovation required for a higher rating.
The property boasts a strong 6.69% in-place cap rate, offering investors immediate and significant cash flow that outperforms many comparable multifamily assets in the Los Angeles market.
With six 2-bedroom units and one 1-bedroom unit, the property features a highly desirable mix that appeals to a broad tenant base, ensuring consistent demand and lower turnover.
The building is 100% occupied, providing a turnkey investment opportunity with stable, proven rental income from day one of ownership.
Built in 1947, the property may require ongoing capital expenditures for maintenance and upgrades to aging systems such as plumbing, electrical, and roofing.
Due to its age and location in Los Angeles, the property is likely subject to Rent Stabilization Ordinance (RSO), which limits the ability to quickly adjust rents to full market value.
1108 W 117th St presents a 7-unit multifamily investment opportunity in the Metro Southwest Los Angeles submarket. The property consists of six 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, offering a desirable unit mix that supports consistent tenant demand. The building is fully occupied, providing stable in-place income with clear long-term upside potential. Current rents total approximately $9,216 per month, producing a trailing twelve-month NOI of approximately $70,285.54. The property offers an approximately 6.69% in-place cap rate, with additional long-term upside. Conveniently located with access to major transportation corridors, employment centers, shopping, and neighborhood amenities, the property benefits from strong rental demand in the surrounding area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1947 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 13, 2026
$1,050,000
Initial Listing
Oct 31, 2006
$580,000
Public Record