820 West 76th Street

Los Angeles, CA 90044

$1,200,000
Price
5
Beds
4
Baths
2,527 Sq. Ft.
$475 / Sq. Ft.
2,527
Sq. Ft.
$475
per Sq. Ft.

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!
  1. Listed by Edmar Costa • DRE #01474018 • Brokerage DRE #01095341 • Engel & Volkers Beverly Hills

Property Details for 820 West 76th Street

Water Front
None
Zoning
LARD1.5
Style
California Bungalow
Cross Streets
Hoover St. and Florence Ave.
Accessibility Features
None
Parcel Number
6020010011
Total Units
4.0
Living Area
2527
LISTING UPDATED: 12/22/2024 01:42 PM

Property Details for 820 West 76th Street

StatusActive Under Contract
MLS #24-464655
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.12 AC / 5,403 SF
CountyLos 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

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 4
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: North
  • Property Condition: Updated/Remodeled
  • Water: Water District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Tankless
  • Water District: DWP
Contract Info
Contract Info
  • Financing: Conventional, Cash, Cash To New Loan, FHA, VA
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $123,276
  • Net Operating Income: $92,457.00
  • Gross Income: $123,276
  • Cap Rate: 7.70%
  • Gross Rent Multiplier: $9.30
  • Actual Annual Gross Rent: $123,276.00
  • Actual Gross Annual Income: $123,276
  • Actual Rent Total: $123,276.00
  • Total Annual Expense: 30819
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.124
  • Lot Size Square Feet: 5403
  • Lot Features: Back Yard, Front Yard
  • Lot Description: Back Yard, Front Yard, Fenced Yard
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 6
  • Covered Parking: 0
  • Open Other Spaces Total: 6
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Parking Features: Driveway
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating: Electric
  • Heating Type: Electric
  • Flooring: Wood Laminate
  • Equipment: Ceiling Fan, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Range/Oven
  • Interior Features: Open Floor Plan
  • Room Kitchen Features: Corian Counters, Granite Counters
  • Kitchen Features: Corian Counters, Granite Counters
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Electric, Cooktop - Gas
  • Laundry: Outside
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition
  • Sprinklers: None
  • Patio Features: Porch - Front, Porch - Rear
  • Entry Location: Ground Level w/steps
  • Windows: Double Pane Windows
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Raised
  • Other Structural Features: Partial Copper Plumbing
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-16-2024
  • Listing Terms: Cash, Cash To New Loan, Conventional, FHA, Fannie Mae, VA Loan
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,052.00
  • Unit Actual Rent: $3,052.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,407.00
  • Unit Actual Rent: $2,407.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,407.00
  • Unit Actual Rent: $2,407.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,407.00
  • Unit Actual Rent: $2,407.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $116,695.00
  • Assessed Improvement Percent: 43.17
  • Assessed Land Value: $153,630.00
  • Assessed Land Percent: 56.83
  • Assessed Total Value: $270,325.00

Property History for 820 West 76th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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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 Engel & Volkers Beverly Hills, Edmar Costa, DRE #01474018

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.