945 W 76th Street
Los Angeles, CA 90044
- – beds
- – baths
- – sqft
- 5,592 sqft lot
- 1921 build
- – on site
Exclusive Investment Opportunity. Prime Multi-Unit Property with Exceptional Upside Potential. Property Overview: This 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 7.99 Gross Rent Multiplier (GRM), this asset offers immediate income with the potential to reach a 10.17% cap rate and a 7.66 GRM upon optimization. Potential 12.78% pre tax cash flow. Key Features: *Diverse Unit Mix: The property consists of two immaculately upgraded units, two brand-new ADUs, and one single-family residence (SFR), providing a well-balanced and attractive rental offering. *Brand-New ADUs: Recently constructed accessory dwelling units (ADUs) add additional rental income streams and enhance overall property value. *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: With strategic rent adjustments and optimized operations, investors can achieve a higher return, pushing the cap rate beyond 10%.Investment Summary: *Cap Rate (Current): 8.00% *Cap Rate (Pro Forma): 10.17% *GRM (Current): 7.99 *GRM (Pro Forma): 7.66. ***contact us for more information***
Last checked:
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Last updated Feb 14, 2025
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MLS# 25495183 —
The Building
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Year Built:1921
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New Construction:No
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Building Area Total:3603.00
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Total Number Of Units:5
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# of Buildings:2
Interior
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Levels:Multi/Split
Location
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Directions:Just East of Vermont Ave, South of W 75th St., West of S Hoover St
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Latitude:33.97099900
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Longitude:-118.29077300
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:5592.0000
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Lot Size Acres:0.1284
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Lot Size SqFt:5592.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6020008031
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/6/25
Feb 6, 2025
|
Listed / Active | CRMLS_CA | $1,398,000 | 174.1% (121.0% / YR) |
|
8/31/23
Aug 31, 2023
|
BRIDGE | $510,000 | -18.4% | |
|
8/8/23
Aug 8, 2023
|
BRIDGE | $625,000 |
