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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
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 - -

PROPERTY TAXES

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)
  • Listing ID: 33521390

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 1525 W 105th St, Los Angeles, CA 90047

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