$3,257,000
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1515 103rd Street Los Angeles, CA 90047
Apartment
Residence
Beds
Baths
...
Bed/Bath
12,752
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 ba...th 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.
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MLS#
RS24095513
Property Type
Apartment
Year Built
1965
Square Feet
12,752
sq. ft
Lot Size
0.4
Sewer
Private Sewer System
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