$3,257,000
1515 W 103rd Street
Los Angeles, CA, 90047
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.
Property Details
Price:
$3,257,000
MLS #:
RS24095513
Status:
Active
Baths:
0
Address:
1515 W 103rd Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
May 15, 2024
State:
CA
ZIP:
90047
Lot Size:
17,287 sqft / 0.40 acres (approx)
Year Built:
1965
Schools
Interior
Exterior
Community Features
Curbs, Park, Storm Drains
Fencing
Wrought Iron
Garage Spaces
0.00
Lot Features
16-20 Units/ Acre
Parking Features
Carport
Parking Spots
16.00
Pool Features
None
Roof
Flat
Sewer
Private Sewer
Stories Total
2
Financial
Tenant Pays
Electricity, Gas
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Courtesy of Equity North Investments Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1515 W 103rd Street
Los Angeles, CA
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