945 W 76th St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,248,000 USD
310-836-3638
945 W 76th St, Los Angeles, CA for Sale
$1,248,000 USD
Apartments - FOR SALE
1/15
null | 8% Cap Rate

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


HIGHLIGHTS

  • In-place 8.00% Cap rate | 9.12 GRM
  • 10.23% pre tax cash flow
  • 17.99% Annual Average Return (5YR Cash Flow)

OVERVIEW

Outstanding five-unit investment property presents an incredible opportunity for investors seeking strong cash flow and significant upside potential. Priced at an 8% cap rate with a 9.12 Gross Rent Multiplier (GRM), this asset offers immediate income with the potential to reach a 10.39% cap rate and a 7.44 GRM by turning the front house and adding a bedroom making it a 3+1. *Key Features* *Diverse Unit Mix: The property consists of two upgraded units, two brand-new ADUs, and one single-family residence (SFR), providing a well-balanced and attractive rental offering. *Perfect for an owner-occupy opportunity. *Strong Market Fundamentals: Located in a desirable area with high rental demand, this property benefits from a stable tenant base and potential for future appreciation. *Upside Potential: By turning the front house investors can achieve a higher return, pushing the cap rate to 9.85%. *Investment Summary* -Cap Rate (Current): 8% -Cap Rate (Pro Forma): 10.39%-GRM (Current): 9.12 -GRM (Pro Forma): 7.44 -Pre Tax Cash Flow: 10.23% -Average Annual Return (over 5 years): 17.99%. ***Please contact us for more information***

FOR SALE DETAILS

PRICE

$1,248,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

5

PRICE/UNIT

$249,600

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8% Cap, 9.12 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1921

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,600 SF

ZONING

LARD1.5

APN/PARCEL ID

6020-008-031

ASK ABOUT THIS PROPERTY

Kelly MorganKelly Morgan Multifamily GroupMore Info
310-836-3638

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Kelly MorganKelly Morgan Multifamily GroupMore Info
310-836-3638

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