Active

820 W 76th Street

Los Angeles CA, 90044

$1,200,000


$474.87 per sqft

Active

5 Beds

4 Baths

2,527 sqft

Residential

Built in 1914

Listed by Edmar Costa with Engel & Volkers Beverly Hills 562-688-1252

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!

24464655

MLS ID

December 16, 2024

Listed

December 21, 2024

Updated

Map

820 W 76th Street
Los Angeles CA, 90044

Interior Features

Total Stories

1


Bedrooms

5


Total Bathrooms

4


Interior Features

Ceiling Fan(s), Open Floorplan


Appliances

Electric Cooktop, Gas Cooktop, Disposal


Laundry Description

Outside


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.12 Acres


Lot Features

Back Yard, Front Yard


Roof

Composition


Sewer

Other

Other Property Details

Area Name

C36 - Metropolitan Southwest


Garage

No


Parking

Driveway


Parking Total

6


View

No


View Description

None


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LARD1.5

Listing Contact: 310-777-7510 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/21/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/21/2024 at 4:47 AM UTC

 

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