REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Vartan Achabahian • Prospect Group Inc.
$ 1,699,000
Est. payment /mo
Active
1525 West 105th Street Los Angeles, CA 90047
5,894 SqFt
UPDATED:
12/10/2024 07:49 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,894 sqft
Price per Sqft $288
MLS Listing ID GD-24165152
Style Bungalow
Year Built 1953
Lot Size 0.438 Acres
Property Description
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.
Location
State CA
County Los Angeles
Zoning LCR2*
Interior
Heating Ductless
Cooling Ductless
Flooring Laminate, Vinyl
Fireplaces Type None
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Parking Features Garage
Garage Spaces 8.0
Pool None
Community Features Sidewalks, Suburban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer