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241 W 105Th St, Los Angeles, CA 90003
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241 W 105Th St Los Angeles, CA 90003

$1,950,000
  • 1 Beds
  • 13 Baths
  • 3,433 Sq.Ft.
For Sale
$1,950,000 Get Pre-Qualified
Map preview of 241 W 105Th St, Los Angeles, CA 90003

Property Overview: 241 W 105Th St Los Angeles, CA has 1 bedrooms, 13 bathrooms, 3,433 living square feet and 6,302 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: 10424 S. Broadway is an investment opportunity located in South Los Angeles, conveniently situated in the high rental demand pocket between Century Blvd and Main Street. The strong cashflow and high yield property is offered at an attractive 7.03% CAP rate and 8.7 GRM on actual income, with 100% occupancy in the building. An investor can capture significant additional upside with the permit to add 3 large ADU units on the property, that will be delivered RTI. The ADU units are consisting of a two-bedroom/one-bathroom, a three-bedroom/one-bathroom, and a three-bedroom/two bathroom unit, which could bring north of an additional $9,400 per month once completed and rented. The 1986 built property does not fall within the city of Los Angeles rent control, and comes with renovated units, a new roof that was recently installed, and upgraded plumbing and electrical. The building has secured gated access with thirteen on-site parking spaces as well. The dense, infill location of South LA comes with an easy commute to Downtown Leimert Park and Mid-City with multiple Metro local lines and the Metro C rail line all nearby the property.

Listed by Sean Namigohar | BRE #01949705 | Marcus & Millichap
Last checked: 14 minutes ago | Last updated: February 11th, 2024 | Source CRMLS | DOM: 75
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Home details

Lot Sq. Ft
6,302
HOA Dues
$0/mo
Year built
1986
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24357107
City
Los Angeles
County
Los Angeles
Time on Site
85 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 13
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,015
  • Total Rent: $2,015
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 12
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,262
  • Total Rent: $15,138
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.03%
  • Gross Rent Multiplier: 8.74
  • Gross Scheduled Income: --
  • Net Operating Income: $137,007
  • Gross Operating Income: $223,056
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 241 W 105Th St

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Property Details for 241 W 105Th St

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 13
  • Parcel Number: 6074003036
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Please contact listing agent for tours of the property.
View more facts & features

Local Los Angeles Agent

Sale History for 241 W 105Th St

Last sold for $1,400,000 on May 17th, 2019

  • February, 2024

  • Feb 2, 2024

    Date

    Active

    CRMLS: 24357107

    $1,950,000

    Price

  • May, 2019

  • May 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,400,000

    Price

  • February, 2012

  • Feb 28, 2012

    Date

    Sold (Public Records)

    Public Records

    $475,000

    Price

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Tax History for 241 W 105Th St

Assessed Value (2020): $1,428,000
Year Land Value Improved Value Assessed Value
2020 $999,600 $428,400 $1,428,000

Home Value Compared to the Market

This property vs the competition

241 W 105Th St is listed 59.18% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $568.02 per/sqft which puts the price per square foot 26.61% lower than the median price per square foot for the city of Los Angeles.

About 241 W 105Th St

Detailed summary of property

241 W 105Th St is a multi family located in Los Angeles, CA 90003 and is currently for sale. This multi family property offers 1 bedrooms, 13 bathrooms, roughly 3,433 living square feet, and sits on an approximately 6,302 square foot lot. 241 W 105Th St was first listed on ArdentRealEstateGroup.com on February 11, 2024. The homeowner is currently asking $1,950,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 59.18% higher than the median priced home. Local competing homes currently for sale include 6828 Miramonte Blvd, 324 W 51st St and 136 W 48th St. While the average home in Los Angeles, CA is selling in 96 days, 241 W 105Th St has a days on market of 75 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 241 W 105Th St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 241 W 105Th St

Public county record property details
Beds
--
Baths
--
Year built
1986
Sq. Ft.
3,433
Lot Size
6,299
Stories
1
Type
Motel
Pool
No
Spa
No
County
Los Angeles
Lot#
206
APN
6074-003-036

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$580,000
Median List Price/Sq.Ft.
$580
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
38
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

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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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