820 W 76th ST

Los Angeles,CA 90044

$ 1200000

5 Beds

4 Baths

2527 SqFt


Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,527 sqft

Price per Sqft $474

MLS Listing ID 24464655

Bedrooms 5

Year Built 1914

Lot Size 5,401 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LARD1.5

Interior

Heating Electric

Cooling None

Fireplaces Type None

Laundry Outside

Exterior

Parking Features Driveway

Pool None

View Y/N No

View None

Roof Type Composition

Building

Lot Description Back Yard,Front Yard

Foundation Raised

Sewer Other

New Construction No

Others

Acceptable Financing Cash,Conventional,FHA,Fannie Mae,VA Loan

Listing Terms Cash,Conventional,FHA,Fannie Mae,VA Loan

Special Listing Condition Standard

View More
Favorite Go Tour