1212 East 76th Place

Los Angeles, CA 90001

$1,075,000
Price
8
Beds
8
Baths
4,650 Sq. Ft.
$231 / Sq. Ft.
4,650
Sq. Ft.
$231
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire 1212 E 76th Place, an 8-unit multifamily property located in the Florence-Firestone neighborhood of unincorporated South Los Angeles. Built in 1926, this two-story building offers 4,650 square feet and occupies a 5,431 square-foot lot. The property comprises (8) 1 Bedroom-1 Bathroom units and will be delivered with (2) vacant units. Each unit is equipped with individual water heaters and is separately metered for gas and electricity allowing for...We are pleased to present the opportunity to acquire 1212 E 76th Place, an 8-unit multifamily property located in the Florence-Firestone neighborhood of unincorporated South Los Angeles. Built in 1926, this two-story building offers 4,650 square feet and occupies a 5,431 square-foot lot. The property comprises (8) 1 Bedroom-1 Bathroom units and will be delivered with (2) vacant units. Each unit is equipped with individual water heaters and is separately metered for gas and electricity allowing for the ability to control utility costs. The average rent for the (6) occupied units is $1,083 per unit and offers a potential investor with approximately 64% upside in rental income. Buyers are encouraged to verify all building records and data for accuracy. Located south of E. Florence Avenue and east of S. Central Avenue, the subject property is centrally located in the heart of South Los Angeles and is a short distance from the 110 and 105 Freeways, providing access throughout all Greater Los Angeles. Tenants can also access multiple bus stops along S. Central Ave.
  1. Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 1212 East 76th Place

Zoning
LCR3*
Parcel Number
6024012003
Total Units
8.0
Living Area
4650
Source Living Area
Vendor Enhanced
Area
Metropolitan South (C37)
Vacancy Rate
2
Lot Size Area
5431
LISTING UPDATED: 11/25/2024 03:24 PM

Property Details for 1212 East 76th Place

StatusActive Under Contract
MLS #24-445213
Days on Market61
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.12 AC / 5,431 SF
CountyLos Angeles County

Building Information for 1212 East 76th Place

Stories2Residences-Year Built1926Building Size-Lot Size0.12 AC / 5,431 SF

Property Information for 1212 East 76th Place

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
  • Security Features: Gated
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $117,924
  • Net Operating Income: $76,541.00
  • Gross Income: $121,560
  • Cap Rate: 7.12%
  • Gross Rent Multiplier: $8.87
  • Actual Annual Gross Rent: $121,200.00
  • Vacancy Allow Dollar: $3,636.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water
  • Total Annual Expense: 41383
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1247
  • Lot Size Square Feet: 5431
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating Type: Wall Electric
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-26-2024
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,200.00
  • Unit Actual Rent: $1,200.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $33,902.00
  • Assessed Improvement Percent: 70.97
  • Assessed Land Value: $13,870.00
  • Assessed Land Percent: 29.03
  • Assessed Total Value: $47,772.00

Property History for 1212 East 76th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1212 East 76th Place

Taxable ValueLand$14,150Additions$34,580Total$48,730
Tax Record2024$4,820 ($402 / month)
Home Facts
Total Finished SqFt4,650 SqFtAbove Grade Finished SqFt4,650 SqFtLot Size5,431 SqFtStyleMulti-Family Res (5+ Units)Year Built1926ZoningLCR3*CountyLOS ANGELESAPN6024-012-003

Schools near 1212 East 76th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Parmelee Avenue Elementary School
PublicK to 6

Thomas A. Edison Middle School
Public6 to 8

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sevak Keshishian, DRE #01887505

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.