945 W 76th Street, Los Angeles, CA 90044
- $998,000
- 10
- BD
- 5
- BA
- 3,603
- SqFt
- List Price
- $998,000
- Status
- ACTIVE
- MLS#
- 26863245
- Year Built
- 1921
- Bedrooms
- 10
- Bathrooms
- 5
- Living Sq. Ft
- 3,603
- Lot Size
- 5,600
- Acres
- 0.13
- Days on Market
- 5
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
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 consists of two upgraded units, two brand-new ADUs, and a detached single-family residence. 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.
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Additional Information
- Heat
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Attached Structure
- Detached
- Number Of Units Total
- 5
Listing courtesy of Listing Agent: Kelly Morgan (Kelly@KellyMorganCommercial.com) from Listing Office: Houze Real Estate Management.
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