1525 West 105th Street
Description
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...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.
- Listed by Vartan Achabahian • DRE #01728975 • Brokerage DRE #01885471 • Prospect Group Inc. • vartan@prospectgroup.net
Property Details for 1525 West 105th Street
Property Details for 1525 West 105th Street
| Status | Active |
|---|---|
| MLS # | GD24165152 |
| Days on Market | 27 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1953 |
| Lot Size | 0.44 AC / 19,068 SF |
| County | Los Angeles County |
Building Information for 1525 West 105th Street
Property Information for 1525 West 105th Street
- Gross Income: $161,088
- Gross Scheduled Income: $161,088
- Net Operating Income: $104,707
- Operating Expense: $56,380
- Operating Expense Percent: 35.00%
- Insurance Expense: $11,561
- Professional Management Expense: $700
- Trash Expense: $0
- Water Sewer Expense: $12,000
- Total Expenses: $56,380
- Tax Tract Number: 447.02
- Tax Census Tract: 6002.02
- CFD/Mello-Roos Fee: $4,242
- Tax Lot: 8
- Community Features: Sidewalks, Suburban
- Laundry: Yes
- Laundry Features: Gas Dryer Hookup, Washer Hookup
- Fireplace Features: None
- Cooling: Ductless
- Heating: Ductless
- Flooring: Laminate, Vinyl
- Window Features: Double Pane Windows
- Security Features: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
- Security: Automatic Gate
- Entry Location: 1
- Foundation Details: Raised
- Property Condition: Turnkey, Updated/Remodeled
- Pool Features: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Land Lease: No
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 8
- Parking: Yes
- Uncovered Spaces: 7
- Parking Features: Garage
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,995
- Unit Type Total Rent: $1,995
- Unit Type Pro Forma: 1995
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $634
- Unit Type Total Rent: $634
- Unit Type Pro Forma: 1995
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $850
- Unit Type Total Rent: $850
- Unit Type Pro Forma: 1995
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,995
- Unit Type Total Rent: $1,995
- Unit Type Pro Forma: 1995
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,995
- Unit Type Total Rent: $1,995
- Unit Type Pro Forma: 1995
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,995
- Unit Type Total Rent: $1,995
- Unit Type Pro Forma: 1995
- Unit Type Type: 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,995
- Unit Type Total Rent: $1,995
- Unit Type Pro Forma: 1995
- Unit Type Type: 7
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,965
- Unit Type Total Rent: $1,965
- Unit Type Pro Forma: 1965
- Unit Type Type: 8
- Rent Controlled: Yes
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 8
- Number Of Separate Gas Meters: 8
- Number Of Separate Water Meters: 1
Property History for 1525 West 105th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1525 West 105th Street
Schools near 1525 West 105th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Charter - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Century Park Elementary School PublicK to 5 | ||
Animo Charter Middle No. 3 Charter6 to 8 | ||
George Washington Preparatory High School Public9 to 12 | ||
Ellington (Duke) High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Prospect Group Inc., Vartan Achabahian, DRE #01728975
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.