1525 105th Street, Los Angeles, CA 90047
  • MLS#: GD24165152 ( Apartment )
  • Street Address: 1525 105th Street
  • Viewed: 2
  • Price: $1,699,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1953
  • Bldg sqft: 0
  • Days On Market: 32
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90047
  • Provided by: Prospect Group Inc.
  • Contact: Vartan Vartan
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This spacious 8 unit garden style apartment building, situated on a sprawling 19,000 sq ft lot, presents a compelling investment opportunity. The property boasts a secure, gated environment and offers a mix of recently remodeled and classic units, ensuring broad appeal to potential tenants. Key Features: Remodeled Units: 6 of the 8 units have been thoughtfully modernized with new windows, kitchens, bathrooms, separate laundry connections, flooring, and fresh paint. Strong Income: The property currently generates an annual income of $161,088, demonstrating its income generating potential. Prime Location: Conveniently located near LAX, popular beach communities, major freeways (105 and 110), and SoFi Stadium, the property enjoys high visibility and accessibility. Ample Parking: Residents will appreciate the abundance of parking options, with 8 garage spaces and 7 outdoor spaces available. Expansion Potential: The property is currently in the process of obtaining entitlement for 1 ADU, offering the opportunity to increase rental income and property value. Why This is a Great Investment: This property combines a desirable location with strong existing income and potential for future growth. The remodeled units are likely to attract quality tenants and command higher rents, while the ADU entitlement offers a clear path to increasing the property's overall value. The large lot size also provides flexibility for future development or expansion, further enhancing its investment appeal. With its prime location, attractive features, and income potential, this 8 unit garden style apartment building is an excellent investment opportunity for those seeking both immediate returns and long term value.
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Features
Architectural Style
  1. Bungalow
Building Area Total
  1. 5894.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Cooling
  1. Ductless
Country
  1. US
Fireplace Features
  1. None
Flooring
  1. Laminate
  2. Vinyl
Foundation Details
  1. Raised
Garage Spaces
  1. 8.00
Heating
  1. Ductless
Insurance Expense
  1. 11561.00
Laundry Features
  1. Gas Dryer Hookup
  2. Washer Hookup
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 104707.00
Parcel Number
  1. 6059019035
Parking Features
  1. Garage
Pool Features
  1. None
Postalcodeplus4
  1. 4539
Professionalmanagementexpense
  1. 700.00
Property Type
  1. Apartment
Property Condition
  1. Turnkey
  2. Updated/Remodeled
Security Features
  1. Automatic Gate
  2. Carbon Monoxide Detector(s)
  3. Smoke Detector(s)
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 420788315:CRM
Totalexpenses
  1. 56380.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 7.00
Water Sewer Expense
  1. 12000.00
Water Source
  1. Public
Window Features
  1. Double Pane Windows
Year Built
  1. 1953
Year Built Source
  1. Assessor
Zoning
  1. LCR2*