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.
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 Details
Price:
$1,699,000
MLS #:
GD24165152
Status:
Active
Baths:
0
Address:
1525 W 105th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Oct 14, 2024
State:
CA
ZIP:
90047
Lot Size:
19,068 sqft / 0.44 acres (approx)
Year Built:
1953
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Schools
Interior
Cooling
Ductless
Fireplace Features
None
Flooring
Laminate, Vinyl
Heating
Ductless
Window Features
Double Pane Windows
Exterior
Community Features
Sidewalks, Suburban
Foundation Details
Raised
Garage Spaces
8.00
Lot Features
0-1 Unit/ Acre
Parking Features
Garage
Parking Spots
15.00
Pool Features
None
Security Features
Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Map
Community
- Address1525 W 105th Street Los Angeles CA
- AreaC36 – Metropolitan Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90047
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Courtesy of Prospect Group Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1525 W 105th Street
Los Angeles, CA
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