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.
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1953
Stories: 1
Listing Office:
Office Name: Prospect Group Inc.
Office Email: vartan@prospectgroup.net
Listing Agent: Vartan Achabahian
Interior Features
Interior Information:
Flooring Type: Laminate, Vinyl
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 8 spaces
Parking: Garage
Lot Features
Lot Information:
Lot Size: 0.44 Acres
Utilities
Utilities Information:
Heating: Ductless
Cooling: Ductless
Other
Directions Information:
Directions: South of Century, East of Western
Price Information
Listing Price Info
Price Summary:
List Price: $1,699,000
Tax Information:
Annual Amount: $5,534
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $677.4K 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: #GD24165152
Listing Office:
Office Name: Prospect Group Inc.
Office Email: vartan@prospectgroup.net
Listing Agent: Vartan Achabahian
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: 12/22/2024, 12:21:00 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
$5,534
$115,461
2020
$5,459
$114,278
2019
$5,113
$112,038
2018
$5,019
$109,842
2017
$5,019
$107,689
History based on county public records data.
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NMLS#3030
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
3
/10
Woodcrest Elementary
1151 W 109th St
Distance between this listing and this school0.52 miles
Public District Grades KG-5
2
/10
Manhattan Place Elementary School
1850 W 96th St
Distance between this listing and this school0.64 miles
Public District Grades KG-5
3
/10
95th Street Elementary School
1109 W 96th St
Distance between this listing and this school0.75 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 school1.17 miles
Public District Grades 6-8
7
/10
Vox Collegiate of los Angeles
1100 W Manchester Ave
Distance between this listing and this school1.36 miles
Public Charter Grades 6-8
Nearby Schools
2
/10
George Washington Prep High School
10860 S Denker Ave
Distance between this listing and this school0.31 miles
Public District Grades 9-12
1
/10
Teach Tech Charter High School
10616 S Western Ave
Distance between this listing and this school0.34 miles
Public Charter Grades 9-12
2
/10
Boys Academic Leadership Academy
1511 W 110th St
Distance between this listing and this school0.39 miles
The neighbors living near this home have an average income of $25,194. The majority of Los Angeles, CA residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1525 W 105th St
What is the listing price of this property?
The listing price of 1525 W 105th St property is $1,699,000.
What type of property is this?
The property 1525 W 105th St is a condo located in Los Angeles, California, 90047.
Is this property for sale now?
Active Listing: 1525 W 105th 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 $5,534 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 1525 W 105th St is 1953.
This home is located at 1525 W 105th St in Los Angeles, CA and zip code 90047 in the South LA neighborhood. This home, which was built in 1953, sits on a 0.44 acre lot. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $1,699,000.
In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.