820 West 76th Street
$1,200,000
5
4
2,527
2,527
$475
Active Under Contract
Description
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....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!
- Listed by Edmar Costa • DRE #01474018 • Brokerage DRE #01095341 • Engel & Volkers Beverly Hills
Property Details for 820 West 76th Street
Water Front
None
ZoningLARD1.5
StyleCalifornia Bungalow
Cross StreetsHoover St. and Florence Ave.
Accessibility FeaturesNone
Parcel Number6020010011
Total Units4.0
Living Area2527
LISTING UPDATED: 12/22/2024 01:42 PM
Property Details for 820 West 76th Street
Status | Active Under Contract |
---|---|
MLS # | 24-464655 |
Days on Market | 6 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1914 |
Lot Size | 0.12 AC / 5,403 SF |
County | Los Angeles County |
Building Information for 820 West 76th Street
Stories-Residences-Year Built1914Building Size-Lot Size0.12 AC / 5,403 SF
Property Information for 820 West 76th Street
Property History for 820 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 820 West 76th Street
Taxable ValueLand$156,702Additions$119,028Total$275,730
Tax Record2024$3,587 ($299 / month)
Home Facts
Total Finished SqFt1,558 SqFtAbove Grade Finished SqFt1,558 SqFtLot Size5,401 SqFtStyleTriplexYear Built1914ZoningLARD1.5CountyLOS ANGELESAPN6020-010-011
Schools near 820 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 | |||
Charter - | K to 4 |
Rating | School | Distance |
---|---|---|
Loren Miller Elementary School PublicK to 6 | ||
Mary Mcleod Bethune Middle School Public7 to 8 | ||
KIPP Empower Academy CharterK to 4 |
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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