1525 W 105th St 8 Unit Apartment Building $1,599,000 ($199,875/Unit) Los Angeles, CA 90047

Actual 7.2% CAP Rate. 1525 W 105th Street in Los Angeles' Westmont community is a spacious eight-unit garden-style apartment building on a huge 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.
Possible to ADD 8 more ADUs.
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 $161,000, 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.