1451 W 105th Street, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath

1451 W 105th Street, Los Angeles, California 90047 home-pic-0
ACTIVE$4,750,000
1451 W 105th Street, Los Angeles, California 90047
0Bed
0Bath
19,425Sqft
19,063Lot
Year Built
1963
Close
-
List price
$4.75M
Original List price
$5.59M
Price/Sqft
$245
HOA
-
Days on market
-
Sold On
-
MLS number
SB25084868
Home ConditionFair
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros.

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. Seller financing considered.

Price History

Date
Event
Price
09/19/25
Price Change
$4,750,000
04/21/25
Listing
$5,595,000
Condition Rating
Fair

The property was built in 1963, making it an older asset. While the listing states it is 'well-maintained' and mentions 'recent upgrades' like a seismic retrofit and video security, the interior unit photos reveal a mixed condition. The flooring appears to be updated LVP and walls are freshly painted, suggesting recent cosmetic improvements. However, the bathrooms are clearly dated with older vanities, fixtures, and shower enclosures, indicating they have not undergone a modern renovation. No kitchen images are provided, but assuming a similar level of update as the bathrooms, they are likely functional but outdated. The property is aged but maintained, with major components functional but showing signs of being outdated, aligning with a 'Fair' condition score.
Pros & Cons

Pros

Opportunity Zone Designation: Located in a designated Opportunity Zone, offering significant tax advantages and investment incentives for long-term capital gains.
Strong Value-Add Potential: Features strong in-place rental income with an estimated 30% rental upside, presenting a clear value-add opportunity for investors.
Strategic Location & Growth: Ideally situated near a Metro Rail stop, major shopping centers, and minutes from the newly developed Hollywood Park (NFL/NBA stadiums), indicating strong long-term growth potential.
Desirable Unit Style & Amenities: Comprises 18 townhome-style units, including 17 two-bedroom units, along with onsite laundry facilities, secure underground parking, a modern video security system, and recent soft-story seismic retrofit.
Expansion & Development Potential: The availability of an adjacent 19,068 sq ft Opportunity Zone parcel for sale offers a unique bonus opportunity for future expansion or affordable housing development.

Cons

Age of Property: Built in 1963, the property, despite recent seismic upgrades, may still have aging infrastructure (e.g., plumbing, electrical systems) that could require future capital expenditures.
Significant Price Reduction: The property has undergone a substantial price reduction from $5.595M to $4.75M, which could signal initial overpricing or market resistance, potentially raising buyer concerns.
Limited Unit Diversity: With 17 out of 18 units being 2-bedroom, 1.5-bath, the property's income stream is heavily concentrated on a specific tenant demographic, potentially limiting market flexibility.

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