Active
820 W 76th St
Los Angeles CA, 90044
$1,200,000
$474.87 per sqft
Active
5 Beds
4 Baths
2,527 sqft
Multi-family
Built in 1914
Exceptional Investment Opportunity: 4-Unit Vacant Property in Prime Los Angeles Location! This is a rare chance to own a well-maintained 4-unit property in Los Angeles, including a large lot with plenty of parking. All units currently vacant and the potential for strong rental income. Ideal for Section 8 tenants, the property is projected to generate $10,273 per month in rental income, based on the payment standard, which translates to an impressive 7.7% CAP rate a standout return in today's market. The property boasts numerous upgrades, including brand-new roofs, windows, and stylish kitchen renovations featuring sleek quartz countertops. The front two units offer a welcoming, home-like atmosphere with laundry hookups, while the rear units benefit from a convenient community laundry space. Every unit is equipped with new tankless water heaters, ensuring energy efficiency and low operating costs. Major systems have been upgraded with new electrical wiring and service panels, along with 100% new PEX plumbing throughout the property. Each unit is individually metered for electricity, further enhancing the investment appeal. With all units currently vacant, the buyer has a unique opportunity to carefully select their tenants, ensuring a hassle-free rental experience. Don't miss out on this exceptional opportunity to invest in a high-demand location with the potential for steady, passive income. Act quickly and make this prime property your next smart investment!
24-464655
MLSⓇ ID
December 16, 2024
Listed
December 16, 2024
Updated
Map
820 W 76th St
Los Angeles CA, 90044
Interior Features
Total Stories
0
Bedrooms
5
Total Bathrooms
4
Interior Features
Open Floor Plan
Appliances
Ceiling Fan, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Range/Oven
Laundry Description
Outside
Floor Description
Wood Laminate
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.12 Acres
Lot Features
Back Yard, Front Yard, Fenced Yard
Architectual Style
California Bungalow
Roof
Composition
Sewer
In Street
Other Property Details
Area Name
Metropolitan Southwest
Association Amenities
None
Garage
No
Parking
Driveway
Parking Total
6
View
No
View Description
None
County
Los Angeles
Water Source
Water District
Pool
No
Pool Features
None
Zoning
LARD1.5
Listing History
Date | Event | Price |
---|---|---|
12/16/2024 | Active | — |
Listed by Edmar Costa with Engel & Volkers Beverly Hills
Listing Contact: 562-688-1252
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Sandefer Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/16/2024