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

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