424 W 108th W, Los Angeles, California 90061, Los Angeles, 90061 - 0 bed, 0 bath
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Los Angeles, California 90061
This Residential Income Quadruplex is a stabilized asset where the $960,000 List Price aligns with the $955,361 Fair Market Value. The property delivers a strong 7.79% current CAP rate with a clear path to a 10.16% pro forma yield. Spanning 3,992 sqft, the building includes a large five-bedroom layout and a vacant unit ready for immediate lease-up. Despite a Fair Condition Rating and Aging Infrastructure, the location near USC and major transit ensures consistent rental demand. This is an optimal acquisition for Buy-and-Hold Investors and Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 424 W 108th W Subject | $960,000* List Price | 0 | 0 | 3,992 | $239 | - |
A 442 112th St W Active | $795,000 List Price | 0 | 0 | 3,360 | $237 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940, this property shows clear signs of aging and deferred maintenance. The exterior features cracked concrete and dated windows, while the listing's own analysis highlights 'Aging Infrastructure' as a primary weakness, specifically noting that major systems like plumbing and electrical likely require significant updates. The absence of interior photos for a property of this age further suggests that the units are in an outdated or neglected state requiring substantial rehabilitation to meet modern standards.
As a quadruplex in the Los Angeles market, this property offers a significant opportunity for multi-stream rental income or a strategic house-hacking investment.
With nearly 4,000 square feet of living space, the units are likely more spacious than typical multi-family offerings of this era, increasing tenant appeal.
Listed at $960,000, this property provides a rare and accessible price point for a four-unit residential income building within the Los Angeles area.
Built in 1940, the property may require significant updates to major systems such as plumbing and electrical to meet modern standards and reduce long-term maintenance costs.
The high building-to-lot ratio suggests minimal common areas and potentially restricted on-site parking, which could be a disadvantage for attracting long-term tenants.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,992 | 2,220 | 90% |
| Lot Size | 5,248 | 5,793.5 | 10% |
| Price | $960.0K | $760.0K | 80% |
| Price per sq ft | $240 | $318 | 20% |
| Built year | 1940 | 1933 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 211 | 10% |
Apr 14, 2026
$960,000
Initial Listing
May 14, 2021
$875,000
Public Record
Apr 19, 2016
$599,000
Public Record
Dec 29, 2006
$595,000
Public Record
May 19, 2005
$600,000
Public Record
Jul 26, 2004
$450,000
Public Record