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)… Read More one-bedroom/one-bath units and two (2) two-bedroom/one-bath units. The asset is partially vacant, offering an estimated ~32% 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 Read Less
Property listed by Compass, Jacqueline Carroll 310-230-5478
Listing Snapshot
Days Online
8
Last Updated
Beds
10
Square Ft.
4,462
Lot Size
0.16 Acres
Year Built
1961
MLS Number
26634001
Additional Details
Building
Built in 1961, Living area: 4462.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
NaturalGas
Income
Gross Income: $156,397, Net Operating Income: $110,801
Interior Features
CeilingFans
Lot
0.1608 acres, Dimensions: 50x140
Parking
8 total parking spaces, Uncovered
Taxes
Parcel Number: 6020019003, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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