The subject property is a 16-unit multifamily 2 story apartment building build in 1965 located at 1515 W 103rd St Los Angeles CA 90047. The building is approximately 12,752 Sq Ft and sits on a 17,282 Sq Ft lot, with 26 bedrooms and 22 bathrooms comprised of 2-3 bedroom 2 bath units, 4-2 bedroom 2 bath units 2-2 bedrooms 1 bath and 8-1-bedroom 1 bath units. This property offers a tremendous opportunity for long term growth and stability, opportunity to add value through long term rental increases, current rents are 35% under market rents. Investments should result in a stabilize 9.5 + CAP rate. The building offers modern convenience with extra-large floor plans, great amenities and low maintenance to include full laundry facility, covered car ports and low vacancy. These benefits will keep the building’s chances of operating at full occupancy, as well as fundamentally serve as a comfortable living establishment for tenants, allowing the property to realize an upside in overall rental income and property value appreciation over the next five - ten years.
Property Details
Property Features
Property Information:
Year Built: 1965
Stories: 2
Listing Office:
Office Name: Equity North Investments Inc.
Office Email: DAVID@EQUITYNORTHINVESTMENTS.COM
Listing Agent: Harry Alexander
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Carport
Lot Features
Lot Information:
Lot Size: 0.40 Acres
Other
Directions Information:
Directions: South of Imperial West of Normandie
Price Information
Listing Price Info
Price Summary:
List Price: $3,257,000
Tax Information:
Annual Amount: $18,352
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.2M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #RS24095513
Listing Office:
Office Name: Equity North Investments Inc.
Office Email: DAVID@EQUITYNORTHINVESTMENTS.COM
Listing Agent: Harry Alexander
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 2:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$18,352
$938,275
2020
$17,931
$928,655
2019
$17,503
$910,447
2018
$17,198
$892,596
2017
$17,198
$875,095
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Manhattan Place Elementary School
1850 W 96th St
Distance between this listing and this school0.57 miles
Public District Grades KG-5
3
/10
Woodcrest Elementary
1151 W 109th St
Distance between this listing and this school0.58 miles
Public District Grades KG-5
3
/10
95th Street Elementary School
1109 W 96th St
Distance between this listing and this school0.64 miles
Public District Grades KG-5
Nearby Schools
1
/10
Teach Academy of Technologies
10045 S Western Ave
Distance between this listing and this school0.37 miles
Public Charter Grades 5-8
2
/10
Bret Harte Preparatory
9301 S Hoover St
Distance between this listing and this school1.06 miles
Public District Grades 6-8
7
/10
Vox Collegiate of los Angeles
1100 W Manchester Ave
Distance between this listing and this school1.23 miles
Public Charter Grades 6-8
Nearby Schools
1
/10
Teach Tech Charter High School
10616 S Western Ave
Distance between this listing and this school0.44 miles
Public Charter Grades 9-12
2
/10
George Washington Prep High School
10860 S Denker Ave
Distance between this listing and this school0.44 miles
Public District Grades 9-12
2
/10
Boys Academic Leadership Academy
1511 W 110th St
Distance between this listing and this school0.52 miles
The neighbors living near this home have an average income of $41,071. The most common annual income of people living in Los Angeles, CA is between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1515 W 103rd St
What is the listing price of this property?
The listing price of 1515 W 103rd St property is $3,257,000.
What type of property is this?
The property 1515 W 103rd St is a condo located in Los Angeles, California, 90047.
Is this property for sale now?
Active Listing: 1515 W 103rd St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $18,352 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 1515 W 103rd St is 1965.
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This home is located at 1515 W 103rd St in Los Angeles, CA and zip code 90047 in the South LA neighborhood. This home, which was built in 1965, sits on a 0.40 acre lot. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $3,257,000.
In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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