945 W 76th St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$998,000 USD
310-740-4581
945 W 76th St, Los Angeles, CA for Sale
$998,000 USD
Apartments - FOR SALE
1/13
null | 9.92% Cap Rate

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


OVERVIEW

945 W 76th Street presents an opportunity to acquire a five-unit multifamily property offering strong in-place cash flow, value-add potential, and owner-user flexibility in a rapidly evolving South Los Angeles neighborhood. The property originally consisted of a detached single-family residence at the front of the lot and a duplex situated above two garages in the rear. The duplex has since been completely renovated, and the two garages were converted into two ADUs. Because these ADUs were constructed within a previously non-habitable space, according to the Los Angeles Housing Department (LAHD), they are not subject to rent control. Additionally, all electrical subpanels have been replaced, and the main electrical panels are brand new. There are currently 2 vacancies. The investment includes a projected 9.92% Cap Rate and 7.51 GRM after lease-up, and upside to a 12.62% Cap Rate and 6.21 GRM at market rates. Located just 0.7 miles from Evermont, a transformative mixed-use development featuring 180 affordable housing units, over 64,000 square feet of retail space, and new neighborhood amenities, the property is well positioned to benefit from continued neighborhood investment. It is also near the planned Vermont Transit Corridor, with convenient access to USC, Downtown Los Angeles, major employment centers, and the I-110 and I-105 Freeways. A 73 Walk Score, 63 Transit Score, and 64 Bike Score further support tenant demand and connectivity. **Contact Kyana Morgan for more information (310) 740-4581 or Kyana@TheValueAddGuy.com**

FOR SALE DETAILS

PRICE

$998,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

5

PRICE/UNIT

$199,600

CAP RATE

9.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owner Occupy Opportunity with 2 New ADUs

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

Kyana MorganHouze Real EstateMore Info
310-740-4581

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Kyana MorganHouze Real EstateMore Info
310-740-4581

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