CA > Los Angeles
Los Angeles, CA 90044,820 W 76th ST
Los Angeles, CA 90044,820 W 76th ST
Los Angeles, CA 90044,820 W 76th ST
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$1,200,000
Est. payment /mo
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5 BD
4 BA
2,527 SqFt
Active Under Contract

820 W 76th ST Los Angeles, CA 90044

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Roe Valenti S.0190519

Roe Valenti S.0190519

+1(702) 460-5556

UPDATED:

12/22/2024 09:52 PM

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

Construction Status Updated/Remodeled

HOA Y/N No

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

Interior Features Ceiling Fan(s), Open Floorplan

Heating Electric

Cooling None

Fireplaces Type None

Fireplace No

Appliance Electric Cooktop, Gas Cooktop, Disposal

Laundry Outside

Exterior

Parking Features Driveway

Pool None

View Y/N No

View None

Roof Type Composition

Accessibility None

Porch Rear Porch, Front Porch

Total Parking Spaces 6

Private Pool No

Building

Lot Description Back Yard, Front Yard

Faces North

Entry Level One

Foundation Raised

Sewer Other

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 6020010011

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

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

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

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Edmar Costa • Engel & Volkers Beverly Hills

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Roe Valenti S.0190519

REALTOR® | RE.S.0190519

+1(702) 460-5556

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820 W 76th ST