Property Details
About this Property
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.
MLS Listing Information
MLS #
CRRS24095513
MLS Source
California Regional MLS
Days on Site
221
Exterior Features
Roof
Flat
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 16 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1515 W 103rd St is a Residential Income in Los Angeles, CA 90047. This – square foot property sits on a 17,287 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,257,000 and was built in 1965. This address can also be written as 1515 W 103rd St, Los Angeles, CA 90047.
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This listing information is up-to-date as of December 19, 2024. For the most current information, please contact Harry Alexander
