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$ 1,315,000
Est. payment | /mo
4,462 SqFt
$ 1,315,000
Est. payment | /mo
4,462 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,462 sqft
Price per Sqft $294
MLS Listing ID CL26793073
HOA Y/N No
Year Built 1961
Lot Size 7,003 Sqft
Acres 0.1608
Property Sub-Type Other
Property Description
732 W 76th Street, an 8-unit multifamily investment opportunity located in the Vermont Knolls neighborhood of South Los Angeles. Constructed in 1961, this two-story asset comprises approximately 4,462 square feet of rentable area on a 7,003-square-foot lot, zoned [Q]R3-1.The property features a desirable unit mix of six (6) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units. The asset is partially vacant, offering an estimated ~30.7% rental upside to market rents. Each unit is separately metered for gas and electricity and includes an individual water heater, minimizing landlord expenses, which are primarily limited to water, common-area electricity, and trash.Strategically positioned near the 110 and 105 Freeways and within proximity to the Crenshaw/LAX Metro Line, 732 W 76th Street provides convenient access to major employment and lifestyle hubs including Downtown Los Angeles, Culver City, Santa Monica, and the South Bay. With strong in-place cash flow, efficient operating fundamentals, and meaningful value-add potential, the property represents an attractive acquisition opportunity for investors seeking stable returns in one of South Los Angeles' most active multifamily submarkets.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Electric
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 6020019003
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Listed by Jacqueline Carroll • Compass
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AnnMarie Barajas
Partner | Lic# DRE# 01898810