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1526 W 105th Street, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath

1526 W 105th Street, Los Angeles, California 90047 home-pic-0
ACTIVE$1,000,000
1526 W 105th Street, Los Angeles, California 90047
0Bed
0Bath
2,317Sqft
9,050Lot
Year Built
1923
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$432
HOA
-
Days on market
-
Sold On
-
MLS number
PW25068067
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.00M(58th), sqft - 2317(63th), beds - undefined(50th), baths - undefined(50th).

Currently Permitted as Duplex and needs to be completed , Per Seller Currently it has 4 Gas Meters and 4 Electric Meters ready to build the other 2 units, Seller has Approved Plans & pulled Permits for additional ADU & JR ADU converting the garage to ADU Total will be 4 units once done, Property still under construction, Inspections has been completed and approved by city inspector all the way to the Roofing, Framing, Electrical, HVAC and Plumbing for Duplex, Next Inspection will be for Insulations & Drywall and Finish. SOLD AS IS . Approved plans for 1314 SF GARAGE CONVERSION TO DUPLEX ACCESSORY DWELLING UNITS (ADU) WITH ADDITIONS. UNIT 1 (682 SF) WITH 2 BEDS, 1 BATH, UNIT 2 (632 SF) WITH 2 BEDS, 1 BATH. FIRE SPRINKLERS REQUIRED. (LINKED TO BLDR230516004580).

Price History

Date
Event
Price
08/21/97
Sold
$167,000
Condition Rating
Poor
This property is currently a construction site, gutted to the studs. The images clearly show exposed framing, rough plumbing, and electrical wiring, with no finished walls, flooring, kitchen, or bathroom fixtures. While the listing states that major inspections (roofing, framing, electrical, HVAC, plumbing) have passed for the duplex portion, indicating the structural integrity and rough-ins are approved, the property is far from livable. It requires substantial rehabilitation and completion of all interior finishes, including insulation, drywall, kitchens, bathrooms, and flooring. It is not move-in ready and would be very uncomfortable, if not impossible, to inhabit in its current state, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

High Income Potential: The property has approved plans and permits to be converted into a 4-unit complex (Duplex + ADU + JR ADU), offering significant future rental income potential.
Pre-Approved Development: Seller has already secured approved plans and pulled permits for the additional units, saving the buyer substantial time, effort, and costs associated with the entitlement process.
Utility Infrastructure Ready: The presence of 4 gas meters and 4 electric meters already installed is a major advantage, streamlining the development of multiple independent units and reducing future utility setup costs.
Key Inspections Passed: Critical inspections for Roofing, Framing, Electrical, HVAC, and Plumbing for the duplex have been completed and approved by the city inspector, mitigating risk on major structural and system components.
Desirable Location & Lot Size: Located in Los Angeles (90047), a strong rental market, and situated on a generous 9050 sqft lot, providing ample space for the multi-unit development.

Cons

Incomplete Construction: The property is currently under construction and requires significant further investment, project management, and time to complete before it can generate full rental income.
Sold 'AS IS': Being sold 'AS IS' means the buyer assumes all responsibility for completing the construction and any potential unforeseen issues or additional costs that may arise during the finishing stages.
Fire Sprinkler Requirement: The approved plans explicitly state that fire sprinklers are required for the ADU conversion, which can add considerable cost and complexity to the completion of the project.

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