424 W 108th St Los Angeles, CA 90061
Vermont Vista NeighborhoodEstimated payment $6,152/month
Highlights
- All Bedrooms Downstairs
- Granite Countertops
- Tile Flooring
- Dual Staircase
- No HOA
- 4 Car Garage
About This Home
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. Key highlights:
• 7.79 % in-place CAP | 10.16% pro forma CAP
• 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 Fully Occupied
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.
Listing Agent
First Team Real Estate Brokerage Phone: 323-819-0035 License #01889399 Listed on: 04/14/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 5,248 Sq Ft Lot
- 1 Common Wall
- East Facing Home
- Wood Fence
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- 4 Open Parking Spaces
- Parking Available
- Driveway
- Assigned Parking
Home Design
- Quadruplex
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Combination Foundation
- Rolled or Hot Mop Roof
- Stucco
Interior Spaces
- 3,992 Sq Ft Home
- 2-Story Property
- Dual Staircase
- Blinds
Kitchen
- Gas Range
- Granite Countertops
- Corian Countertops
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 11 Bedrooms
- All Bedrooms Down
- All Upper Level Bedrooms
- 5 Bathrooms
Location
- Urban Location
Utilities
- Wall Furnace
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tax Lot 295
- Tax Tract Number 4741
- Assessor Parcel Number 6061034006
- $1,314 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,824
- Water Sewer Expense $3,264
- Operating Expense $12,564
- Gross Income $74,980
- Net Operating Income $74,980
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,382 | $947,126 | $649,458 | $297,668 |
| 2024 | $12,382 | $928,556 | $636,724 | $291,832 |
| 2023 | $12,156 | $910,350 | $624,240 | $286,110 |
| 2022 | $11,627 | $892,500 | $612,000 | $280,500 |
| 2021 | $8,881 | $655,091 | $459,330 | $195,761 |
| 2020 | $8,959 | $648,375 | $454,621 | $193,754 |
| 2019 | $8,628 | $635,662 | $445,707 | $189,955 |
| 2018 | $8,498 | $623,199 | $436,968 | $186,231 |
| 2016 | $3,757 | $235,090 | $187,241 | $47,849 |
| 2015 | $3,700 | $231,560 | $184,429 | $47,131 |
| 2014 | $3,731 | $227,025 | $180,817 | $46,208 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/13/2026 05/13/26 | Price Changed | $960,000 | +0.5% | $240 / Sq Ft | |
| 05/06/2026 05/06/26 | Price Changed | $955,000 | -0.5% | $239 / Sq Ft | |
| 04/30/2026 04/30/26 | Price Changed | $960,000 | +0.5% | $240 / Sq Ft | |
| 04/23/2026 04/23/26 | Price Changed | $955,000 | -0.5% | $239 / Sq Ft | |
| 04/15/2026 04/15/26 | Price Changed | $960,000 | +0.5% | $240 / Sq Ft | |
| 04/15/2026 04/15/26 | Price Changed | $955,000 | -0.5% | $239 / Sq Ft | |
| 04/14/2026 04/14/26 | For Sale | $960,000 | +8.5% | $240 / Sq Ft | |
| 05/13/2021 05/13/21 | Sold | $885,000 | +1.1% | $222 / Sq Ft | View Prior Sale |
| 04/07/2021 04/07/21 | Pending | -- | -- | -- | |
| 04/06/2021 04/06/21 | For Sale | $875,000 | 0.0% | $219 / Sq Ft | |
| 03/24/2021 03/24/21 | Pending | -- | -- | -- | |
| 03/10/2021 03/10/21 | For Sale | $875,000 | +46.1% | $219 / Sq Ft | |
| 04/19/2016 04/19/16 | Sold | $599,000 | 0.0% | $150 / Sq Ft | View Prior Sale |
| 03/08/2016 03/08/16 | Pending | -- | -- | -- | |
| 02/02/2016 02/02/16 | For Sale | $599,000 | -- | $150 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26069885
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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