1525 W 105th St - Apartments FOR SALE


Los Angeles, CA 90047- Westmont
$1,699,000 USD
424-236-6947
1525 W 105th St, Los Angeles, CA for Sale
$1,699,000 USD
Apartments - FOR SALE
1/48
null | Request Cap Rate

1525 W 105th St
Los Angeles, CA 90047
Westmont


HIGHLIGHTS

  • Sizeable eight-unit garden-style building situated on a large 19,000-square-foot lot, featuring secure gated access for tenant safety and privacy.
  • Six of the eight units have been remodeled, offering modern kitchens, updated bathrooms, separate laundry connections, new flooring, and paint.
  • Tenant retention is supported by ample parking with eight covered garage spaces and seven additional outdoor spots for resident convenience.
  • Pursue permitting opportunities for 2 ADUs, providing an excellent opportunity to increase rental income and enhance long-term property value.

OVERVIEW

1525 W 105th Street in Los Angeles' Westmont community is a spacious eight-unit garden-style apartment building on a generous 19,000-square-foot lot, offering an exceptional opportunity to discerning investors seeking to expand or establish a multifamily portfolio in a high-demand market. The property features a secure, gated environment with a blend of recently remodeled units and classic apartments, appealing to a roster of potential tenants. Six of the eight units have been thoroughly updated with new windows, kitchens, bathrooms, separate laundry connections, flooring, and fresh paint, combining modern comfort with classic charm. A total of $392,000 in capital improvements has already been invested in the property, expanding the long-term value of the property. Currently, the property generates a substantial gross annual income of $161,088, reflecting its solid income potential. Residents benefit from ample parking, including eight garages and seven outdoor spaces, enhancing convenience and desirability. Additionally, the property presents an exciting opportunity for a future buyer to pursue permits for two Accessory Dwelling Units (ADUs), offering the potential to increase rental income and enhance overall property value. Situated in a prime location near Los Angeles International Airport (LAX), popular beach communities, major freeways like Interstate 105 and Interstate 110, and SoFi Stadium, Downtown Los Angeles, Inglewood, and South Bay, this property offers high visibility and accessibility. With significant capital improvements already completed and permits for two additional units, this property is positioned for immediate income growth and long-term appreciation. Its prime location and strong rental demand make it a compelling addition to any investment portfolio.

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
424-236-6947

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

Vartan AchabahianProspect GroupMore Info
424-236-6947

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