1515 West 103rd Street
$3,257,000
8
20
12,752
12,752
$255
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,...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 Harry Alexander • DRE #00664511 • Brokerage DRE #01432058 • Equity North Investments Inc. • DAVID@EQUITYNORTHINVESTMENTS.COM
Property Details for 1515 West 103rd Street
Parking Spaces Total
16
Private PoolNo
Total Units16.0
Building TypeAttached
Lot Size SourceAssessor
Living Area12752
Assessor Parcel Number6059-023-023
Property Attached YNtrue
LISTING UPDATED: 10/16/2024 05:52 AM
Property Details for 1515 West 103rd Street
Status | Active |
---|---|
MLS # | RS24095513 |
Days on Market | 168 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1965 |
County | Los Angeles County |
Building Information for 1515 West 103rd Street
Building/Complex1515 W 103rd StFloor-Stories2Residences-Pet Policy-Year Built1965Building Size-
Property Information for 1515 West 103rd Street
Property History for 1515 West 103rd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1515 West 103rd Street
Taxable ValueLand$195,221Additions$800,480Total$995,701
Tax Record2024$20,434 ($1,703 / month)
Home Facts
Total Finished SqFt12,752 SqFtAbove Grade Finished SqFt12,752 SqFtLot Size17,282 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLCR2*CountyLOS ANGELESAPN6059-023-023
Schools near 1515 West 103rd Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 5 to 8 |
Rating | School | Distance |
---|---|---|
Manhattan Place Elementary School PublicK to 5 | ||
Animo Charter Middle No. 3 Charter6 to 8 | ||
George Washington Preparatory High School Public9 to 12 | ||
Teach Academy Of Technologies Charter5 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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