BACK ON THE MARKET!! 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!
Property Details
Price:
$1,200,000
MLS #:
24464655
Status:
Active
Baths:
0
Address:
820 W 76th Street
Type:
Residential Income
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Dec 16, 2024
State:
CA
ZIP:
90044
Lot Size:
5,403 sqft / 0.12 acres (approx)
Year Built:
1914
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Schools
Interior
Accessibility Features
None
Appliances
Disposal, Electric Cooktop, Gas Cooktop
Cooling
None
Fireplace Features
None
Heating
Electric
Interior Features
Ceiling Fan(s), Open Floorplan
Window Features
Double Pane Windows
Exterior
Foundation Details
Raised
Garage Spaces
0.00
Lot Features
Back Yard, Front Yard
Parking Features
Driveway
Parking Spots
6.00
Pool Features
None
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Other
Spa Features
None
View
None
Financial
Map
Community
- Address820 W 76th Street Los Angeles CA
- AreaC36 – Metropolitan Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90044
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820 W 76th Street
Los Angeles, CA
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