CA > Los Angeles
Los Angeles, CA 90047,1515 W 103rd ST
Los Angeles, CA 90047,1515 W 103rd ST
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$3,257,000
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0.4 Acres Lot
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1515 W 103rd ST Los Angeles, CA 90047

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Chan Wathen

Chan Wathen

+1(702) 461-7869

UPDATED:

12/05/2024 03:50 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID RS24095513

HOA Y/N No

Year Built 1965

Lot Size 0.397 Acres

Property Description

The subject property is a 16-unit multifamily 2 story apartment building build in 1965 located at 1515 W 103rd St Los Angeles CA 90047. The building is approximately 12,752 Sq Ft and sits on a 17,282 Sq Ft lot, with 26 bedrooms and 22 bathrooms comprised of 2-3 bedroom 2 bath units, 4-2 bedroom 2 bath units 2-2 bedrooms 1 bath and 8-1-bedroom 1 bath units. This property offers a tremendous opportunity for long term growth and stability, opportunity to add value through long term rental increases, current rents are 35% under market rents. Investments should result in a stabilize 9.5 + CAP rate. The building offers modern convenience with extra-large floor plans, great amenities and low maintenance to include full laundry facility, covered car ports and low vacancy. These benefits will keep the building’s chances of operating at full occupancy, as well as fundamentally serve as a comfortable living establishment for tenants, allowing the property to realize an upside in overall rental income and property value appreciation over the next five - ten years.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LCR2*

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Carport

Carport Spaces 16

Fence Wrought Iron

Pool None

Community Features Curbs, Park, Storm Drain(s)

Roof Type Flat

Total Parking Spaces 16

Private Pool No

Building

Lot Description 16-20 Units/Acre

Faces South

Story 2

Sewer Private Sewer

New Construction No

Others

Senior Community No

Tax ID 6059023023

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Harry Alexander • Equity North Investments Inc. • [email protected]

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agent

Chan Wathen

REALTOR ® | RE.NV Lic.# S.59111

+1(702) 461-7869

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1515 W 103rd ST