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30800946
30800947

1525 W 105th Street, Los Angeles, CA 90047

Prospect Group Inc.
Listed by Prospect Group Inc.
$1,599,000
152 days on market
Updated 70 days ago
Opportunity zone

1525 W 105th Street

Details
APN 6059019035
Property Type Multifamily
Sub Type Apartment Building
Units 8
Buildings 3
Stories 1
Acreage 0.438
Zoning Assessor

Multifamily | 8 Units

Marketing description

Actual 7.2% CAP Rate. 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. Possible to ADD 8 MORE ADUs. 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 $161,000. 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. 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 excelle
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Listing Contacts

Prospect Group Inc.
Listed by Prospect Group Inc.

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