820 W 76th St Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,527 sqft
Price per Sqft $474
MLS Listing ID 24-464655
Style California Bungalow
Bedrooms 5
Construction Status Updated/Remodeled
Year Built 1914
Lot Size 5,403 Sqft
Acres 0.124
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 Metropolitan Southwest
Zoning LARD1.5
Rooms
Other Rooms None
Kitchen Corian Counters, Granite Counters
Interior
Interior Features Open Floor Plan
Heating Electric
Cooling None
Flooring Wood Laminate
Fireplaces Type None
Equipment Ceiling Fan, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Range/Oven
Laundry Outside
Exterior
Parking Features Driveway
Garage Spaces 6.0
Pool None
Amenities Available None
Waterfront Description None
View Y/N No
View None
Roof Type Composition
Handicap Access None
Building
Lot Description Back Yard, Front Yard, Fenced Yard
Foundation Raised
Sewer In Street
Water Water District
Architectural Style California Bungalow
Level or Stories One
Structure Type Stucco
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard