Homes for sale - 820 W 76th St, Los Angeles, CA 90044

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Reza Badakhshan

reza.badakhshan@engelvoelkers.com +1(301) 256-4407

$ 1,200,000

Est. payment -/mo

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Active Under Contract

820 W 76th St Los Angeles, CA 90044

5 Beds

4 Baths

2,527 SqFt

UPDATED:

12/22/2024 08:42 PM

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

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Engel & Volkers Beverly Hills

Reza Badakhshan

Advisor | License ID: 02131259

+1(301) 256-4407

Reza Badakhshan

820 W 76th St Los Angeles, CA 90044

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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820 W 76th St