1525 W 105th St
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1525 W 105th St
8 Unit Apartment Building $1,699,000 ($212,375/Unit) Los Angeles, CA 90047
Investment 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
Executive Summary
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.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $161,088 | $27.33 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $161,088 | $27.33 |
Taxes | - | - |
Operating Expenses | $56,380 | $9.57 |
Total Expenses | $56,380 | $9.57 |
Net Operating Income | $104,708 | $17.77 |
Financial Summary (Actual - 2023)
Gross Rental Income | |
---|---|
Annual | $161,088 |
Annual Per SF | $27.33 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $161,088 |
Annual Per SF | $27.33 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | $56,380 |
Annual Per SF | $9.57 |
Total Expenses | |
---|---|
Annual | $56,380 |
Annual Per SF | $9.57 |
Net Operating Income | |
---|---|
Annual | $104,708 |
Annual Per SF | $17.77 |
Property Facts
Price | $1,699,000 | Building Class | C |
Price Per Unit | $212,375 | Lot Size | 0.44 AC |
Sale Type | Investment | Building Size | 5,894 SF |
No. Units | 8 | No. Stories | 1 |
Property Type | Multifamily | Year Built/Renovated | 1953/2024 |
Property Subtype | Apartment | Parking Ratio | 2.54/1,000 SF |
Apartment Style | Low Rise | Opportunity Zone |
Yes
|
Price | $1,699,000 |
Price Per Unit | $212,375 |
Sale Type | Investment |
No. Units | 8 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.44 AC |
Building Size | 5,894 SF |
No. Stories | 1 |
Year Built/Renovated | 1953/2024 |
Parking Ratio | 2.54/1,000 SF |
Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Gated
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
3+1 | 1 | - | - |
2+1 | 1 | - | - |
1+1 | 6 | - | - |
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PROPERTY TAXES
Parcel Number | 6059-019-009 | Total Assessment | $883,688 |
Land Assessment | $671,606 | Annual Taxes | $0 ($0.00/SF) |
Improvements Assessment | $212,082 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
6059-019-009
Land Assessment
$671,606
Improvements Assessment
$212,082
Total Assessment
$883,688
Annual Taxes
$0 ($0.00/SF)
Tax Year
2023
zoning
Zoning Code | R2 (Two Family Dwellings) |
R2 (Two Family Dwellings) |
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1525 W 105th St
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