Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1525 105th Street, Los Angeles, CA 90047
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    1525 105th Street
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    • MLS#: GD25041587 ( Apartment )
    • Street Address: 1525 105th Street
    • Viewed: 1
    • Price: $1,699,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1953
    • Bldg sqft: 0
    • Days On Market: 6
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90047
    • Provided by: Prospect Group Inc.
    • Contact: Vartan Vartan
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      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.
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    Features
    Architectural Style
    1. Bungalow
    Building Area Total
    1. 5894.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. No Common Walls
    Cooling
    1. Ductless
    Country
    1. US
    Days On Market
    1. 122
    Fireplace Features
    1. None
    Flooring
    1. Laminate
    2. Vinyl
    Foundation Details
    1. Raised
    Garage Spaces
    1. 8.00
    Heating
    1. Ductless
    Insurance Expense
    1. 11561.00
    Laundry Features
    1. Gas Dryer Hookup
    2. Washer Hookup
    Lockboxtype
    1. None
    2. See Remarks
    Lot Features
    1. 0-1 Unit/Acre
    Netoperatingincome
    1. 104707.00
    Parcel Number
    1. 6059019035
    Parking Features
    1. Garage
    Pool Features
    1. None
    Postalcodeplus4
    1. 4539
    Professionalmanagementexpense
    1. 700.00
    Property Type
    1. Apartment
    Property Condition
    1. Turnkey
    2. Updated/Remodeled
    Security Features
    1. Automatic Gate
    2. Carbon Monoxide Detector(s)
    3. Smoke Detector(s)
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 432896125:CRM
    Tenant Pays
    1. Electricity
    2. Gas
    Totalactualrent
    1. 13424.00
    Totalexpenses
    1. 56380.00
    Trash Expense
    1. 0.00
    Uncovered Spaces
    1. 7.00
    Water Sewer Expense
    1. 12000.00
    Water Source
    1. Public
    Window Features
    1. Double Pane Windows
    Year Built
    1. 1953
    Year Built Source
    1. Assessor
    Zoning
    1. LCR2*
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836