1525 W 105th St - Apartments FOR SALE


Los Angeles, CA 90047- Westmont
$1,600,000 USD
818-497-5294
1525 W 105th St, Los Angeles, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/21
null | 7.2% Cap Rate

1525 W 105th St
Los Angeles, CA 90047
Westmont


OVERVIEW

1525 W 105th Street in Los Angeles' Westmont community is a spacious eight-unit garden-style apartment building on a huge 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. Possible to ADD 8 more ADUs. 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 $161,000, 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 such as Interstate 105 and Interstate 110, and SoFi Stadium, Downtown Los Angeles, Inglewood, and South Bay, 1525 W 105th Street offers high visibility and accessibility. With significant capital improvements already completed and permits for two additional units, the property is positioned for immediate income growth and long-term appreciation. A prime location and strong rental demand make 1525 W 105th Street a compelling addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

8

PRICE/UNIT

$200,000

CAP RATE

7.2%

% 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
818-497-5294

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Vartan AchabahianProspect GroupMore Info
818-497-5294

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