820 W 76Th Street, Los Angeles, CA 90044
-
Listed Price :
$1,200,000
-
Beds :
5
-
Baths :
4
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Property Size :
2,527 sqft
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Year Built :
1914
Property 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. 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!
Interior Features
| Laundry Information |
| Location(s) |
Outside |
| Kitchen Information |
| Features |
Granite Counters, Solid Surface Counters |
| Bedroom Information |
| Bedrooms |
5 |
| Bathroom Information |
| Bathrooms |
4 |
| Interior Information |
| Features |
Ceiling Fan(s), Open Floorplan |
| Cooling Type |
None |
Listing Information
| Address |
820 W 76Th Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90044 |
| County |
Los Angeles |
| Listing Agent |
Edmar Costa DRE #01474018 |
| Courtesy Of |
Engel & Volkers Beverly Hills |
| List Price |
$1,200,000 |
| Status |
Active Under Contract |
| Type |
Residential Income |
| Structure Size |
2,527 |
| Lot Size |
5,403 |
| Year Built |
1914 |
Listing information courtesy of: Edmar Costa, Engel & Volkers Beverly Hills. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 22nd, 2024 at 9:52 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
