317 West 76th Street
317 West 76th Street
$975,000
9
5
3,820
3,820
$255
Description
We are pleased to present 317 W 76th St, a value add 5-unit apartment community located in the Florence neighborhood of South Los Angeles, CA. The property is comprised of an excellent unit mix of (4) 2 bed/1 Bath units and (1) 1 Bed/1 Bath unit. There are currently two Section 8 tenants in place (2 bed/ 1 bath) with one of them currently leased for $2,467. There are two units that are significantly below market, offering major upside upon turnover. Section 8 Voucher Payment Standards (per HACLA)...We are pleased to present 317 W 76th St, a value add 5-unit apartment community located in the Florence neighborhood of South Los Angeles, CA. The property is comprised of an excellent unit mix of (4) 2 bed/1 Bath units and (1) 1 Bed/1 Bath unit. There are currently two Section 8 tenants in place (2 bed/ 1 bath) with one of them currently leased for $2,467. There are two units that are significantly below market, offering major upside upon turnover. Section 8 Voucher Payment Standards (per HACLA) are currently up to $3,052 for 2-bedroom units as of 2/2024. The gated property also sits on a 5,880 square feet lot with rear and side alley access and parking for 4 vehicles.317 W 76th St is centrally located just 4 miles from USC and Downtown with convenient access to the 110 freeway and walkability to local amenities along Broadway and Florence Avenue. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600 and Section 8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
- Listed by Brandon Evans • DRE #02058494 • Brokerage DRE #01380809 • Rosano Partners
Property Details for 317 West 76th Street
Zoning
LAR2
Cross Streets76th and Broadway
Parcel Number6031010021
Total Units5.0
Living Area3820
Source Living AreaAssessor
AreaMetropolitan South (C37)
Vacancy Rate0
Location
LISTING UPDATED: 05/22/2024 12:01 AM
Property Details for 317 West 76th Street
Status | Active |
---|---|
MLS # | 24-391935 |
Days on Market | 29 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.14 AC / 5,882 SF |
County | Los Angeles County |
Location
Building Information for 317 West 76th Street
Stories2Residences-Year Built1964Building Size-Lot Size0.14 AC / 5,882 SF
Payment Calculator
$6,163 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 317 West 76th Street
Property History for 317 West 76th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 317 West 76th Street
Taxable ValueLand$437,457Additions$328,093Total$765,550
Tax Record2023$10,103 ($842 / month)
Home Facts
Total Finished SqFt3,820 SqFtAbove Grade Finished SqFt3,820 SqFtLot Size5,880 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR2CountyLOS ANGELESAPN6031-010-021
Schools near 317 West 76th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Seventy-Fifth Street Elementary School PublicK to 6 | ||
Mary Mcleod Bethune Middle School Public7 to 8 | ||
John C. Fremont Senior High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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