732 W 76th St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,395,000 USD
310-779-9929
732 W 76th St, Los Angeles, CA for Sale
$1,395,000 USD
Apartments - FOR SALE
1/35
null | 7.94% Cap Rate

732 W 76th St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • Stabilized 8-unit apartment building with a balanced mix of 1-bedroom and 2-bedroom units.
  • Strong in-place income with a competitive 7.94% CAP rate and a clear path to higher market rents.
  • Value-add potential through interior upgrades and operational improvements.
  • Efficient operations, including separately metered utilities and low expense ratios.
  • High-demand workforce housing location with durable renter demand.
  • Convenient access to major job centers, transit routes, and neighborhood amenities.

OVERVIEW

True North CRE of Compass Commercial, as the exclusive listing agent, is pleased to present 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) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units. The asset is partially vacant, with in-place average rents of approximately $1,619 for one-bedroom units and $1,661 for two- bedroom units, 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.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

8

PRICE/UNIT

$174,375

CAP RATE

7.94%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,013 SF

ZONING

R3-1, City of L.A.

APN/PARCEL ID

6020-019-003

ASK ABOUT THIS PROPERTY

John SwartzCompass CommercialMore Info
310-779-9929

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John SwartzCompass CommercialMore Info
310-779-9929

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.