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1525 105th Street
Los Angeles, CA 90047
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.
PROPERTY INFORMATION
| MLS # | GD24165152 | Lot Size | 19,068 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,699,000
Price Per SqFt: $ 288 |
DOM | 203 Days |
| Address | 1525 105th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 5,894 Sq. Ft. |
| Postal Code | 90047 | Garage | 8 |
| County | Los Angeles | Year Built | 1953 |
| Bed / Bath | 11 / 0 | Parking | 15 |
| Built In | 1953 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Gas Dryer Hookup, Washer Hookup |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Heating | Yes |
| Heating Information | Ductless |
| Has Cooling | Yes |
| Cooling Information | Ductless |
| Flooring Information | Laminate, Vinyl |
| EntryLocation | 1 |
| Entry Level | 1 |
| WindowFeatures | Double Pane Windows |
| SecuritySafety | Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s) |
EXTERIOR FEATURES
| FoundationDetails | Raised |
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 66 (Somewhat Walkable)
Transit Score: 55 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,812
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/14/2024 | Listed | $1,699,000 |
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Listing provided courtesy of Vartan Achabahian, Prospect Group Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
