317 W 76th Street
Los Angeles, CA, 90003
$889,000
Beds
0 Baths
SqFt
0.14 Acres
Add
We are pleased to present 317 W 76th St, a value add 5-unitapartment community located in the Florence neighborhood of South Los Angeles, CA. The property is comprised of an excellentunit mix of (4) 2 bed / 1 Bath units and(1) 1 Bed/1 Bath unit. There are currentlythree (3) Section 8 tenants in place, of which 2bedroom unit currently leased for $2,573. Thereare two units that are significantly below market,offering major upside upon turnover. Section 8Voucher Payment Standards (per HACLA Tier 1)are currently at $2,748 for 2-bedroom units as of7/2025. The gated property also sits on a 5,880square feet lot with rear and side alley access and parking for 4 vehicles. The property will be delivered with (1) vacancy (2 bed / 1 bath) and upon a lease of $2,400, the building will yield a gross monthly income of $8,271.52, or $99,258 annually. The opportunity will yield an investor an over 7%annual return with approximately 39% remaining rental upside. 317 W 76th St is centrally located just 4 miles from USC and Downtown with convenient access to the 110 freeway and walkability to local amenities along Broadway and Florence Avenue. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Property Details

Price:
$889,000
MLS #:
25577253
Status:
Active
Baths:
0
Address:
317 W 76th Street
Type:
Residential Income
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Aug 11, 2025
State:
CA
ZIP:
90003
Lot Size:
5,882 sqft / 0.14 acres (approx)
Year Built:
1964
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Flooring
Laminate
Heating
Wall Furnace

Exterior

Parking Features
Gated, Driveway
Parking Spots
4.00
Pool Features
None
Spa Features
None
Stories Total
2

Financial

Tenant Pays
Gas, Electricity

Map

Community

Similar Listings Nearby

317 W 76th Street
Los Angeles, CA