1515 103rd Street, Los Angeles, CA 90047
  • MLS#: RS24095513 ( Apartment )
  • Street Address: 1515 103rd Street
  • Viewed: 2
  • Price: $3,257,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1965
  • Bldg sqft: 0
  • Days On Market: 184
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90047
  • Provided by: Equity North Investments Inc.
  • Contact: Harry Harry
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    The subject property is a 16 unit multifamily 2 story apartment building build in 1965 located at 1515 W 103rd St Los Angeles CA 90047. The building is approximately 12,752 Sq Ft and sits on a 17,282 Sq Ft lot, with 26 bedrooms and 22 bathrooms comprised of 2 3 bedroom 2 bath units, 4 2 bedroom 2 bath units 2 2 bedrooms 1 bath and 8 1 bedroom 1 bath units. This property offers a tremendous opportunity for long term growth and stability, opportunity to add value through long term rental increases, current rents are 35% under market rents. Investments should result in a stabilize 9.5 + CAP rate. The building offers modern convenience with extra large floor plans, great amenities and low maintenance to include full laundry facility, covered car ports and low vacancy. These benefits will keep the buildings chances of operating at full occupancy, as well as fundamentally serve as a comfortable living establishment for tenants, allowing the property to realize an upside in overall rental income and property value appreciation over the next five ten years.
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Features
Building Area Total
  1. 12752.00
Carport Spaces
  1. 16.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 155
Direction Faces
  1. South
Entry Location
  1. Above Grade Finished Area
Fencing
  1. Wrought Iron
Garage Spaces
  1. 0.00
Insurance Expense
  1. 8607.00
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Common Area
Laundry Income
  1. 2800.00
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 189662.00
Number Of Separate Electric Meters
  1. 16
Number Of Separate Gas Meters
  1. 16
Parcel Number
  1. 6059023023
Parking Features
  1. Carport
Pool Features
  1. None
Professionalmanagementexpense
  1. 20248.00
Property Type
  1. Apartment
Roof
  1. Flat
Sewer
  1. Private Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 414599942:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 295056.00
Totalexpenses
  1. 91031.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 8556
Water Sewer Expense
  1. 8400.00
Year Built
  1. 1965
Year Built Source
  1. Assessor
Zoning
  1. LCR2*