1515 W 103rd Street
Los Angeles, CA 90047
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1965 build
- – on site
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.
Listed By CRMLS_CA / Harry Alexander / Equity North Investments Inc. / DAVID@EQUITYNORTHINVESTMENTS.COM
Last checked:
Checking…
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Last updated Oct 16, 2024
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MLS# RS24095513 —
The Building
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Year Built:1965
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Year Built Source:Assessor
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New Construction:No
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Roof:Flat
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Entry Level:1
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Common Walls:2+ Common Walls
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Faces:South
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Building Area Total:12752.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:16
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Stories Total:2
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# of Separate Gas Meters:16
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# of Separate Electric Meters:16
Interior
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Entry Location:Above Grade Finished Area
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Laundry:Common Area
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Laundry:1
Location
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Directions:South of Imperial West of Normandie
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Latitude:33.94346000
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Longitude:-118.30287100
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LCR2*
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Lot Features:16-20 Units/Acre
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Lot Size Area:17287.0000
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Lot Size Acres:0.3969
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Lot Size SqFt:17287.00
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Lot Size Source:Assessor
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Fencing:Wrought Iron
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Fence:Yes
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:6002.02
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Tax Tract:3002
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Tax Lot:89
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6059023023
Utilities
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Sewer:Private Sewer
The Community
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Senior Community:No
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Features:Curbs, Park, Storm Drains
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Pool:None
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Private Pool:No
Parking
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Parking:Yes
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Parking:Carport
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Parking Spaces:16.00
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Carport Spaces:16.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/30/24
Jul 30, 2024
|
Price Changed | CRMLS_CA | $3,257,000 | -6.8% |
5/15/24
May 15, 2024
|
Listed / Active | CRMLS_CA | $3,495,000 |