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$1,699,000

Beds
Unknown
sq ft
Unknown

1525 W 105th St, Los Angeles, CA 90047

1525 W 105th St

Los Angeles, CA 90047

  • 72 days on market
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.

Details

Property type

Apartment

Property condition

Updated/Remodeled

Lot size

0.4377 acres

Price per sq ft

Unknown

Year built

1953

Price History

10/14/2024
CRMLS

CRMLS #GD24165152

Listed
$1,699,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban, Sidewalks

Status: Active

Tomo last checked: 12/25/2024 at 11:00 AM

Listing updated: 12/10/2024 at 10:50 AM

Listed by: Vartan Achabahian, Prospect Group Inc. Phone #: (818) 588-3881

MLS: CRMLS #GD24165152

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