The subject property is a 16-unit multifamily 2 story apartment building build in 1965 located at 1515 W 103rd St Los Angeles CA 90047. The building is approximately 12,752 Sq Ft and sits on a 17,282 Sq Ft lot, with 26 bedrooms and 22 bathrooms comprised of 2-3 bedroom 2 bath units, 4-2 bedroom 2 bath units 2-2 bedrooms 1 bath and 8-1-bedroom 1 bath units. This property offers a tremendous opportunity for long term growth and stability, opportunity to add value through long term rental increases, current rents are 35% under market rents. Investments should result in a stabilize 9.5 + CAP rate. The building offers modern convenience with extra-large floor plans, great amenities and low maintenance to include full laundry facility, covered car ports and low vacancy. These benefits will keep the building’s chances of operating at full occupancy, as well as fundamentally serve as a comfortable living establishment for tenants, allowing the property to realize an upside in overall rental income and property value appreciation over the next five - ten years.
Property Details
Property Features
Property Information:
Year Built: 1965
Stories: 2
Listing Office:
Office Name: Equity North Investments Inc.
Office Email: DAVID@EQUITYNORTHINVESTMENTS.COM
Listing Agent: Harry Alexander
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Carport
Lot Features
Lot Information:
Lot Size: 0.40 Acres
School Info
Assigned Schools Information:
George Washington Preparatory High School, Public Magnet Grades 9-12
Middle College High School, Public District Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Studio, Public District Grades 6-8
Manhattan Place Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: South of Imperial West of Normandie
Price Information
Listing Price Info
Price Summary:
List Price: $3,495,000
Tax Information:
Annual Amount: $18,352
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.5M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #RS24095513
Listing Office:
Office Name: Equity North Investments Inc.
Office Email: DAVID@EQUITYNORTHINVESTMENTS.COM
Listing Agent: Harry Alexander
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/29/2024, 7:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$18,352
$938,275
2020
$17,931
$928,655
2019
$17,503
$910,447
2018
$17,198
$892,596
2017
$17,198
$875,095
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$17.5K
Per Month
Principal & Interest
$17.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$10.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Manhattan Place Elementary School
1850 W 96th St
Distance between this listing and this school0.57 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school10.03 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school15.86 miles
Public Magnet Grades KG-5
Middle School
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school11.76 miles
Public District Grades 6-8
High School
2
/10
George Washington Preparatory High School
10860 S Denker Ave
Distance between this listing and this school0.43 miles
Public Magnet Grades 9-12
9
/10
Middle College High School
1600 W Imperial Hwy Bldg 1
Distance between this listing and this school0.90 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school8.33 miles
Public Magnet Grades 9-12
Assigned Schools
2
/10
Manhattan Place Elementary School
1850 W 96th St
Distance between this listing and this school0.57 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school10.03 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school15.86 miles
Public Magnet Grades KG-5
Assigned Schools
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school11.76 miles
Public District Grades 6-8
Nearby Schools
2
/10
Bret Harte Preparatory Middle School
9301 S Hoover St
Distance between this listing and this school1.01 miles
Public District Grades 6-8
2
/10
Teach Academy of Technologies
8477 S Normandie Ave
Distance between this listing and this school1.23 miles
Public Charter Grades 5-8
Assigned Schools
2
/10
George Washington Preparatory High School
10860 S Denker Ave
Distance between this listing and this school0.43 miles
Public Magnet Grades 9-12
9
/10
Middle College High School
1600 W Imperial Hwy Bldg 1
Distance between this listing and this school0.90 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school8.33 miles
The neighbors living near this home have an average income of $41,071. Most Los Angeles, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1515 W 103rd St
What is the listing price of this property?
The listing price of 1515 W 103rd St property is $3,495,000.
What type of property is this?
The property 1515 W 103rd St is a condo located in Los Angeles, California, 90047.
Is this property for sale now?
Active Listing: 1515 W 103rd St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1515 W 103rd St are: Manhattan Place Elementary School: GreatSchools Rating 2/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Point Fermin Elementary School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10George Washington Preparatory High School: GreatSchools Rating 2/10Middle College High School: GreatSchools Rating 9/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $18,352 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 1515 W 103rd St is 1965.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1515 W 103rd St in Los Angeles, CA and zip code 90047 in the South LA neighborhood. This home, which was built in 1965, sits on a 0.40 acre lot. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $3,495,000.
Los Angeles, CA housing market in April 2024 saw over 701 listings sold above listed price, more than 204 sold at listed price and over 629 sold below. In April 2024 in Los Angeles, CA there were 14.9% more homes for sale than in March 2024. Listings spent 34 days on the market in April 2024, and had a median list price of $986,427 during the same period.
From Rocket Homes Real Estate and based on county public records data.