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1525 W 105th St 8 Unit Apartment Building $1,699,000 ($212,375/Unit) Los Angeles, CA 90047
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Sizable eight-unit garden-style building situated on a large 19,000-square-foot lot, featuring secure gated access for tenant safety and privacy.
- Tenant retention is supported by ample parking with eight covered garage spaces and seven additional outdoor spots for resident convenience.
- Six of the eight units have been remodeled, offering modern kitchens, updated bathrooms, separate laundry connections, new flooring, and paint.
- Pursue permitting opportunities for two ADUs, providing a prime opportunity to increase rental income and enhance long-term property value.
EXECUTIVE SUMMARY
1525 W 105th Street in Los Angeles' Westmont community is a spacious eight-unit garden-style apartment building on a generous 19,000-square-foot lot, offering an exceptional opportunity to discerning investors seeking to expand or establish a multifamily portfolio in a high-demand market. The property features a secure, gated environment with a blend of recently remodeled units and classic apartments, appealing to a roster of potential tenants. Six of the eight units have been thoroughly updated with new windows, kitchens, bathrooms, separate laundry connections, flooring, and fresh paint, combining modern comfort with classic charm. A total of $392,000 in capital improvements has already been invested in the property, expanding the long-term value of the property.
Currently, the property generates a substantial gross annual income of $161,088, reflecting its solid income potential. Residents benefit from ample parking, including eight garages and seven outdoor spaces, enhancing convenience and desirability. Additionally, the property presents an exciting opportunity for a future buyer to pursue permits for two Accessory Dwelling Units (ADUs), offering the potential to increase rental income and enhance overall property value.
Situated in a prime location near Los Angeles International Airport (LAX), popular beach communities, major freeways such as Interstate 105 and Interstate 110, and SoFi Stadium, Downtown Los Angeles, Inglewood, and South Bay, 1525 W 105th Street offers high visibility and accessibility. With significant capital improvements already completed and permits for two additional units, the property is positioned for immediate income growth and long-term appreciation. A prime location and strong rental demand make 1525 W 105th Street a compelling addition to any investment portfolio.
Currently, the property generates a substantial gross annual income of $161,088, reflecting its solid income potential. Residents benefit from ample parking, including eight garages and seven outdoor spaces, enhancing convenience and desirability. Additionally, the property presents an exciting opportunity for a future buyer to pursue permits for two Accessory Dwelling Units (ADUs), offering the potential to increase rental income and enhance overall property value.
Situated in a prime location near Los Angeles International Airport (LAX), popular beach communities, major freeways such as Interstate 105 and Interstate 110, and SoFi Stadium, Downtown Los Angeles, Inglewood, and South Bay, 1525 W 105th Street offers high visibility and accessibility. With significant capital improvements already completed and permits for two additional units, the property is positioned for immediate income growth and long-term appreciation. A prime location and strong rental demand make 1525 W 105th Street a compelling addition to any investment portfolio.
MATTERPORT 3D TOUR
Unit 1529 3/4 - Matterport
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$161,088
|
$27.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$161,088
|
$27.33
|
| Taxes |
-
|
-
|
| Operating Expenses |
$56,380
|
$9.57
|
| Total Expenses |
$56,380
|
$9.57
|
| Net Operating Income |
$104,708
|
$17.77
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $161,088 |
| Annual Per SF | $27.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $161,088 |
| Annual Per SF | $27.33 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $56,380 |
| Annual Per SF | $9.57 |
| Total Expenses | |
|---|---|
| Annual | $56,380 |
| Annual Per SF | $9.57 |
| Net Operating Income | |
|---|---|
| Annual | $104,708 |
| Annual Per SF | $17.77 |
PROPERTY FACTS
| Price | $1,699,000 | Building Class | C |
| Price Per Unit | $212,375 | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 5,894 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1953/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.54/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R2 - Residential: Family Dwellings (2) | ||
| Price | $1,699,000 |
| Price Per Unit | $212,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 5,894 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2024 |
| Parking Ratio | 2.54/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 - Residential: Family Dwellings (2) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 1+1 | 6 | - | - |
1 1
ABOUT WESTMONT
South Los Angeles offers one of the most central locations in Greater Los Angeles. Residents and workers have easy access to the interstate system, including interstates 110 and 105. Additionally, residents have access to several major bus route as well as the LA Metro J Line, an express busway that connects the area to downtown Los Angeles to the north and San Pedro to the south.
Housing primarily includes a mix of single-family and low-rise multifamily properties. Residents benefit from some of the lower rents in Greater Los Angeles. The area is diverse, with a high proportion of African American and Latino residents.
The Los Angeles metro boasts a compelling lifestyle. The weather is among the best in the nation, with residents enjoying over 280 days of sunshine a year and a temperate climate. Additionally, the options for residents to seek out nature are unrivalled. Stunning beaches, enchanting desert landscapes, and majestic mountains are all visitable in a single day. Great hiking, surfing, and skiing are all within easy reach.
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Little Caesars | - | - | 10 min walk |
| Bertha's Soul Food | Soul Food | $$ | 12 min walk |
| Taco Bell | Fast Food | - | 11 min walk |
| McDonald's | - | - | 13 min walk |
RETAIL |
||
|---|---|---|
| 7-Eleven | Convenience Market | 11 min walk |
| Speedway | Convenience Market | 12 min walk |
HOTELS |
|
|---|---|
| Hilton Garden Inn |
282 rooms
9 min drive
|
| Candlewood Suites |
96 rooms
9 min drive
|
| Westin |
750 rooms
10 min drive
|
| Hilton |
1,234 rooms
10 min drive
|
| Curio Collection by Hilton |
168 rooms
12 min drive
|
SALE ADVISOR
SALE ADVISOR
Vartan Achabahian, CEO/Founder
Vartan Achabahian is the founder and CEO of Prospect Group. Vartan is a native Angeleno, born and raised in Hollywood, CA. He earned his bachelor’s degree from UCLA, majoring in International Development Studies. He has over 10 years of real estate experience. Most notably, he has helped countless homeowners save their homes from foreclosure. His remarkable rehabilitating projects have surpassed well over one hundred homes across SoCal.
As a recipient of a distinguished preservation award, he has restored character homes in historic districts, conserving each home's dignity and beauty. Vartan’s continued fascination and ongoing critical examination of the real estate market in LA have been the cornerstone of his success.
Vartan loves to travel locally and explore the world at large. He values family time and enjoys spending his free time with his wife and two lovely daughters. His dynamic and positive personality is captivating and inspiring to all around him.
As a recipient of a distinguished preservation award, he has restored character homes in historic districts, conserving each home's dignity and beauty. Vartan’s continued fascination and ongoing critical examination of the real estate market in LA have been the cornerstone of his success.
Vartan loves to travel locally and explore the world at large. He values family time and enjoys spending his free time with his wife and two lovely daughters. His dynamic and positive personality is captivating and inspiring to all around him.
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1525 W 105th St
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