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Listed by John W. Stiegler II • Lyon Stahl Investment Real Estate, Inc.
$ 5,595,000
Est. payment /mo
Active
1451 West 105th Street Los Angeles, CA 90047
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB-25084890
Property Sub-Type Multi Family
Property Description
We are proud to present 1451 W 105th St, Los Angeles -- a rare, family-owned asset held for over 51 years, located in a designated Opportunity Zone. This well-maintained, 18-unit apartment building features all townhome-style units, including seventeen (17) 2-bedroom, 1.5-bath units and one (1) spacious 3-bedroom, 2.5-bath unit. Originally built in 1963, the property encompasses 19,425 square feet and sits on a generous 19,063 square foot lot. Recent upgrades include a modern video security system and the completion of a soft-story seismic retrofit. Residents enjoy well- designed, spacious units, onsite laundry facilities, and secure underground parking. With strong in-place rental income and approximately 30% rental upside, this property offers an exceptional value-add opportunity for investors. Ideally located just 2 miles from a Metro Rail stop, near major shopping centers, and minutes from the newly developed Hollywood Park--home to the NFL and NBA stadiums--this location combines convenience with long-term growth potential. Bonus Opportunity: The adjacent lot at 1455 W 105th St is also available for sale. Listed as land for $1,275,000 $66.86/ft), this 19,068 square foot parcel is situated in an Opportunity Zone and presents significant potential for affordable housing development.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR2*
Interior
Laundry Common Area
Building
Lot Description Rectangular Lot