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1114 W 105Th St, Los Angeles, CA 90044
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1114 W 105Th St Los Angeles, CA 90044

$1,500,000
  • 12 Beds
  • 8 Baths
  • 5,288 Sq.Ft.
For Sale
$1,500,000 Get Pre-Qualified
Map preview of 1114 W 105Th St, Los Angeles, CA 90044

Property Overview: 1114 W 105Th St Los Angeles, CA has 12 bedrooms, 8 bathrooms, 5,288 living square feet and 9,213 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: JD Residential & Commercial Real Estate is pleased to present 1114 W. 105th St. L.A 90044 a 6 units investment property with substancial value-add potential. No Rent Control Property in L.A area, 100% rented. Upon stabilizing at market rent levels, this asset can achieve a great CAP Rate! Fantastic Oportunity to own 6 renovated units on one big lot, currently; it generates $ 9,462.00 per month, yielding a CAP Rate of 5.39%. The building spans 5,288 square feet and sits on a 9,211-square-foot lot. Although local ordinances pose some stabilization challenges, the property's predominantly units mix facilitates a higher turnover rate, which could expedite reaching market rent levels. (Unit's Mix) 2 (3/2), 2 (2/1) and 2 (1/1) remodeled kitchens and bathrooms, tile floors, recently installed roof, 6 gas meters, 7 electrical meters, 1 water meter, 6 brand new waterless heater tanks, 3 car garages (2 cars each), 1 assigned parking spot for each unit, many good features to list them all. Buyers and Buyer's agent to do their own due diligence before submiting an offer. This is an excellent opportunity for investors seeking to capitalize on a property with promising upside, with the right vision you can leverage on your investment. The property is being sold AS-IS conditions.

Listed by Ramon Pereira | BRE #01496829 | JD Residential & Commercial RE
Last checked: 15 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 125

Home details

Lot Sq. Ft
9,213
HOA Dues
$0/mo
Year built
1989
Garage
6 Car
Property Type:
Mixed Use
Status
Active
MLS#
DW24098830
City
Los Angeles
County
Los Angeles
Time on Site
124 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 7
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,878
  • Total Rent: $1,878
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,205
  • Total Rent: $1,205
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,459
  • Total Rent: $1,459
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,320
  • Total Rent: $1,320
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.39%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $113,544
  • Net Operating Income: $86,238
  • Gross Operating Income: $111,273
  • # of Rented Garages: 2
  • Garage Rental Rate: $150
  • Garage Rental Income: $300
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $25,034
  • Electric: $0
  • New Taxes: $15,154
  • Trash: $0
  • Insurance: $4,000
  • Maintenance: $1,500
  • Professional Management: $0
  • Water/Sewer: $4,080

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Property Details for 1114 W 105Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down, All Bedrooms Up
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Lighting
  • Has Fence
  • Privacy, Wrought Iron
  • Other Structures: Storage
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Assigned, Driveway - Combination, On Site
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 6060017021
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 2
  • Foundation Details: Slab
  • Property is not Attached
  • Offered With Property: Only Real Estate
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: East of Century Blvd. - West of Vermont Ave.
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 1114 W 105Th St

Last sold for $779,000 on October 31st, 2006

  • May, 2024

  • May 17, 2024

    Date

    Active

    CRMLS: DW24098830

    $1,600,000

    Price

  • February, 2024

  • Feb 1, 2024

    Date

    Expired

    CRMLS: DW23107775

    $1,750,000

    Price

  • Jun 16, 2023

    Date

    Active

    CRMLS: DW23107775

    $1,900,000

    Price

  • Listing provided courtesy of CRMLS

    Price Adjustment, Seller is very Motivated. Great Investment Property! No Rent Control, property subject to AB-1482 Only. Built in 1989, in a great rental area of Los Angeles. 100% Rented, Fantastic opportunity to own 6 renovated units on one big lot, this is a value add 6-unit apartment building for any investor looking to capitalize on the growing real estate market of Los Angeles. Current rents are Low. Six (6) Units with the following Mix - 2 (3/2), 2 (2/1) & 2 (1/1), remodeled Kitchens and Bathrooms, Tile Floors, recently installed roof, 6 gas meters, 7 electrical meters, 6 brand new Waterless heater tanks, 3 Garages (2 cars each) with new doors, use as storage, one (1) assigned parking spot inside the property for each unit, and many good features to list them all. Buyers and/or Buyer's agents to due their own diligence before submitting an offer. Property is being sold under As-Is Conditions, the seller won't give any credit. Buyer to Cooperate with Seller's 1031X.

  • March, 2023

  • Mar 1, 2023

    Date

    Expired

    CRMLS: DW22194498

    $2,000,000

    Price

  • Sep 5, 2022

    Date

    Active

    CRMLS: DW22194498

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    Price Reduction as 10/11/22 Great Investment Property! No Rent Control, property subject to AB-1482 Only. Built in 1989, in a great rental area of Los Angeles. 100% Rented, Fantastic opportunity to own 6 renovated units on one big lot, this is a value add 6-unit apartment building for any investor looking to capitalize on the growing real estate market of Los Angeles. Current rents are Low. Six (6) Units with the following Mix - 2 (3/2), 2 (2/1) & 2 (1/1), remodeled Kitchens and Bathrooms, Tile Floors, recently installed roof, 6 gas meters, 7 electrical meters, 6 brand new Waterless heater tanks, 3 Garages (2 cars each) with new doors, use as storages, one (1) assigned parking spot inside the property to each unit, many good features to list them all. Buyers and/or Buyer's agents to do their own due diligence before submitting an offer. The property is being sold under As-Is Conditions, the seller won't give any credit.

  • October, 2006

  • Oct 31, 2006

    Date

    Sold (Public Records)

    Public Records

    $779,000

    Price

  • March, 2002

  • Mar 7, 2002

    Date

    Sold (Public Records)

    Public Records

    $243,000

    Price

Show More

Tax History for 1114 W 105Th St

Assessed Value (2020): $954,318
Year Land Value Improved Value Assessed Value
2020 $667,659 $286,659 $954,318

Home Value Compared to the Market

This property vs the competition

1114 W 105Th St is listed 25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $283.66 per/sqft which puts the price per square foot 63.06% lower than the median price per square foot for the city of Los Angeles.

About 1114 W 105Th St

Detailed summary of property

1114 W 105Th St is a mixed use located in Los Angeles, CA 90044 and is currently for sale. This mixed use property offers 12 bedrooms, 8 bathrooms, roughly 5,288 living square feet, and sits on an approximately 9,213 square foot lot. 1114 W 105Th St was first listed on ArdentRealEstateGroup.com on May 17, 2024. The homeowner is currently asking $1,500,000 and was originally asking $1,600,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 25% higher than the median priced home. Local competing homes currently for sale include 2015 Pennsylvania Ave, 2007 Pennsylvania Ave and 2630 E 1St St. While the average home in Los Angeles, CA is selling in 106 days, 1114 W 105Th St has a days on market of 125 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1114 W 105Th St Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1114 W 105Th St

Public county record property details
Beds
12
Baths
12
Year built
1989
Sq. Ft.
5,288
Lot Size
9,210
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
87
APN
6060-017-021

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$513
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
87
Median Sale to List Price %
102.58%
Avg Days on Market
27
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

Tour This Home

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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