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For sale
  • Listing Provided by: 

    Vartan Achabahian DRE #01728975 vartan@prospectgroup.net,

    Prospect Group Inc.

    Price cut: $24K (5/12)
    $1,675,000

    1525 W 105th St, Los Angeles, CA 90047

    --beds
    --baths
    5,894sqft
    : 
    Multi Family
    Built in 1953
    -- sqft lot
    $1,676,200 Zestimate®
    $284/sqft
    $-- HOA

    What's special

    Classic unitsRemodeled unitsLarge lot size
    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.
    35 days
    on Zillow
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    Zillow last checked: 7 hours ago

    Listing updated: May 12, 2025 at 02:30pm

    Listing Provided by:

    Vartan Achabahian DRE #01728975 vartan@prospectgroup.net,

    Prospect Group Inc.

    Source: CRMLS,MLS#: GD25105437MLS LogoOriginating MLS: California Regional MLS
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    Facts & features

    Interior

    Heating
    • Ductless
    Cooling
    • Ductless
    Appliances
    • Laundry: Washer Hookup, Gas Dryer Hookup
    Features
    • Flooring: Laminate, Vinyl
    • Windows: Double Pane Windows
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 5,894
    • Total interior livable area: 5,894 sqft

    Property

    Parking
    • Total spaces: 15
    • Parking features: Garage
    • Garage spaces: 8
    • Uncovered spaces: 7
    Features
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.44 Acres
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 6059019035
    • Zoning: LCR2*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Bungalow
    • Property subtype: Multi Family
    Materials
    • Foundation: Raised
    Condition
    • Updated/Remodeled,Turnkey
    • New construction: No
    • Year built: 1953

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Suburban, Sidewalks
    • Security: Carbon Monoxide Detector(s), Security Gate, Smoke Detector(s)
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $284/sqft
    • Tax assessed value: $1,600,000
    • Annual tax amount: $23,576
    • Date on market: 5/12/2025
    • Listing terms: Cash,Cash to New Loan,Conventional
    • Total actual rent: 13424
    • Tenant pays: Electricity, Gas
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