147 - 149 E 105th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$1,050,000$3,306/sqft
147 - 149 E 105th Street, Los Angeles, California 90003
0Bed
0Bath
3,306Sqft
5,400Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Modern Construction & Condition: Built in 2014, this new construction duplex offers modern features and is likely to have lower immediate maintenance requirements compared to older properties.
Top Cons:
Lack of Cooling System: While central heating is present, the description does not mention a cooling system, which could be a significant drawback for tenants during warmer months in Los Angeles.
Compared to the nearby listings
Price:$1.05M vs avg $745.0K (+$305,000)82%
Size:3,306 sqft vs avg 1,886 sqft89%
Price/sqft:$318 vs avg $38427%
More Insights
Built in 2014 (12 years old).
Condition: This property was built in 2014, making it 10 years old, which falls within the 'Excellent' criteria for age. The description explicitly states 'new construction duplex' and highlights quality features such as 'solid wood cabinets' and 'granite counter tops' in the kitchens, along with 'central heating systems' and 'dual pane vinyl frame windows'. While interior images are not provided, the strong emphasis on 'new construction' and quality materials for a property of this age suggests that all components are virtually new, meet current quality standards, and have minimal physical depreciation. The exterior images also show a well-maintained and modern appearance.
Year Built
2014
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$318
HOA
-
Days on market
-
Sold On
-
MLS number
PW26002120
Home ConditionExcellent
Features
Patio
View-
About this home
Ocean Development new construction duplex built in 2014. Each unit includes over 1,600 sq ft of living space with 5 bedrooms and 3 baths. One unit leased at $3,850 per month, and the second unit is leased at $3,925 per month. This duplex is thoughtfully designed with one unit in front and the second unit in back - No one above or below either unit. Design features include central heating systems, dual pane vinyl frame windows, solid wood cabinets, and granite counter tops. Private interior laundry room in each unit conveniently on the second level. Property includes a 3 car garage. We feel this is the best investment property opportunity in the area combining year built, quality of construction, location, superior features, and attractive rental income. Actual gross rental annual income: $93,300. Estimated Net annual rental income: $57,000. Estimated Cap Rate: 5.4%. Estimated 11.25 GRM.
C
Cary Hairabedian
Listing Agent
Condition Rating
Excellent
This property was built in 2014, making it 10 years old, which falls within the 'Excellent' criteria for age. The description explicitly states 'new construction duplex' and highlights quality features such as 'solid wood cabinets' and 'granite counter tops' in the kitchens, along with 'central heating systems' and 'dual pane vinyl frame windows'. While interior images are not provided, the strong emphasis on 'new construction' and quality materials for a property of this age suggests that all components are virtually new, meet current quality standards, and have minimal physical depreciation. The exterior images also show a well-maintained and modern appearance.
Pros & Cons
Pros
Modern Construction & Condition: Built in 2014, this new construction duplex offers modern features and is likely to have lower immediate maintenance requirements compared to older properties.
Strong Investment Potential: With an actual gross annual rental income of $93,300, an estimated 5.4% Cap Rate, and 11.25 GRM, the property presents robust financial performance for investors.
Spacious & Well-Appointed Units: Each unit boasts over 1,600 sq ft with 5 bedrooms and 3 baths, featuring central heating, dual-pane windows, solid wood cabinets, and granite countertops, appealing to a broad tenant base.
Thoughtful Duplex Design: The unique front-and-back unit layout ensures enhanced privacy for tenants, with no one above or below either unit, a desirable feature for duplex living.
Ample Parking: The property includes a 3-car garage, providing valuable and convenient parking solutions for tenants in an urban setting.
Cons
Lack of Cooling System: While central heating is present, the description does not mention a cooling system, which could be a significant drawback for tenants during warmer months in Los Angeles.
Undefined Neighborhood Context: The MLS area is listed as 'Not Defined,' requiring further investigation into the specific neighborhood characteristics and desirability within Los Angeles.
No Desirable Views: The property explicitly states 'view: None,' indicating a lack of scenic or premium views that could otherwise enhance its appeal or value.