10
See all 10 photos
$1,198,000
Est. payment /mo
5,593 Sqft Lot
Active
945 W 76th St Los Angeles, CA 90044
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25216647
HOA Y/N No
Year Built 1921
Lot Size 5,593 Sqft
Property Sub-Type Mixed Use
Property Description
Outstanding opportunity to invest in a five-unit multifamily property offering strong returns and significant upside potential. Located at 945 W 76th St, the property includes two newly constructed ADUs, two fully renovated units, and one detached standalone unit. Four of the five units are currently leased, with the final unit set to be occupied on October 1 at a monthly rent of $2,695.
Once all units are stabilized, the projected gross annual income is approximately $140,000. Using consistent expense assumptions, this equates to a pro forma cap rate of around 10 percent. Each unit has been updated with modern finishes and features separate utility meters. Recent construction ensures minimal maintenance for years to come. Conveniently situated near USC, SoFi Stadium, and major freeways, this turnkey property is perfect for investors looking for immediate cash flow, 1031 exchange potential, and long-term value appreciation.
Once all units are stabilized, the projected gross annual income is approximately $140,000. Using consistent expense assumptions, this equates to a pro forma cap rate of around 10 percent. Each unit has been updated with modern finishes and features separate utility meters. Recent construction ensures minimal maintenance for years to come. Conveniently situated near USC, SoFi Stadium, and major freeways, this turnkey property is perfect for investors looking for immediate cash flow, 1031 exchange potential, and long-term value appreciation.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Curbs, Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6020008031
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Cathy Perkins eXp Realty of Southern Ca, Inc 714-290-8301
