1525 W 105th St - Apartments FOR SALE


Los Angeles, CA 90047
$1,699,000 USD
818-497-5294
1525 W 105th St, Los Angeles, CA for Sale
$1,699,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

1525 W 105th St
Los Angeles, CA 90047


HIGHLIGHTS

  • Remodeled, High Rents, Potential for 2 more ADUs, Gated, Desirable Rental area, Quiet street
  • All remodeled units have Washer and Dryer hook up. Lots of Parking

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$288 USD /SF

# OF UNITS

8

PRICE/UNIT

$212,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,031 SF

ZONING

R2

APN/PARCEL ID

6059-019-009

ASK ABOUT THIS PROPERTY

Vartan AchabahianProspect GroupMore Info
818-497-5294

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Vartan AchabahianProspect GroupMore Info
818-497-5294

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.