1028 W 105th Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

1028 W 105th Street, Los Angeles, California 90044 home-pic-0
ACTIVE$1,499,000
1028 W 105th Street, Los Angeles, California 90044
0Bed
0Bath
4,760Sqft
7,368Lot
Year Built
1926
Close
-
List price
$1.5M
Original List price
$1.7M
Price/Sqft
$315
HOA
-
Days on market
-
Sold On
-
MLS number
PW24208080
Home ConditionGood
Features
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(94th), sqft - 4760(97th), beds - undefined(50th), baths - undefined(50th).

Don’t Miss Out on This Exceptional Multifamily Property in South LA’s Booming Real Estate Market! Discover an incredible chance to invest in one of LA’s most sought-after and fast-growing neighborhoods! This prime multifamily property is ideally located near major freeways, offering quick access to both Downtown LA and Inglewood's top attractions. The lot presents excellent potential for expansion, making it a versatile investment for future growth. The property features two units—one fully occupied, providing steady income, and the other recently built just 5 years ago, currently owner-occupied. This low-maintenance building is a rare find in a high-demand area, with plenty of upside for rental income. Act now and secure your place in this rapidly appreciating market!

Price History

Date
Event
Price
08/16/11
Sold
$170,000
02/12/07
Sold
$520,000
Condition Rating
Good

The property is a duplex with a unique blend of old and new. While the original structure dates back to 1926, one of the units was recently built just 5 years ago. The provided images showcase this newer unit, featuring modern, high-quality finishes in the kitchen and bathrooms. The kitchen boasts dark shaker-style cabinets, granite countertops, mosaic backsplash, stainless steel appliances, and recessed lighting. Both bathrooms are updated with modern vanities, fixtures, and contemporary tiling. The flooring throughout the visible areas is a modern wood-look tile. This indicates that at least one unit is in excellent, move-in ready condition with virtually new components. However, without interior photos or detailed descriptions of the older, occupied unit, and considering the 1926 build year of the original structure, an 'Excellent' rating for the entire property cannot be fully justified, as 'Excellent' implies all components are new or virtually new. Therefore, 'Good' is a more appropriate overall rating, reflecting a property that is largely updated, well-maintained, and move-in ready, with a significant portion being nearly new construction.
Pros & Cons

Pros

Prime Location & Market Growth: Strategically located in South LA's booming and fast-growing real estate market, offering quick access to major freeways, Downtown LA, and Inglewood's attractions, indicating strong appreciation potential.
Dual Income Potential: Features two units, one fully occupied providing immediate steady income, and another recently built (5 years ago) that is owner-occupied, offering flexibility for continued owner-occupancy or additional rental income.
Expansion & Development Potential: The generous lot size (7368 sqft) explicitly offers 'excellent potential for expansion,' providing opportunities for future development or increasing unit density.
Newer Construction Component: One of the units was recently built just 5 years ago, suggesting modern construction, amenities, and potentially lower immediate maintenance costs for that portion of the property.
High Demand & Rental Upside: Described as a 'rare find in a high-demand area, with plenty of upside for rental income,' indicating strong investor interest and potential for increased cash flow.

Cons

Age of Original Structure: The original building was constructed in 1926, meaning one of the units and underlying infrastructure are nearly a century old, which may necessitate significant maintenance or renovation costs for that portion.
Significant Price Reduction: The list price has been reduced from an original $1.699M to $1.499M, which could suggest a previous overestimation of market value or a longer time on market, potentially raising buyer concerns.
Limited Unit Specifics: While one unit is new, the description lacks specific details regarding the condition, size, or amenities of the older, occupied unit, making it difficult to fully assess its current value and future capital expenditure needs.

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