Skip To Content

542 W 76th Street

Los Angeles (City), CA 90044
  • $1,650,000
  • STATUS: Active
  • ON SITE: 10 Days
  • ID#: 22218335
UPDATED: 238 min ago
$1,650,000
  • 12
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,128
    SQFT
  • $400
    $/SQFT
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Deborah Perkins of Strand Hill Properties (310-545-0707) and Mark Ehlers of ()


Description

Amazing opportunity to acquire a recently renovated bread-and-butter six unit building in South Los Angeles with significant upside on rents. Less than 4 miles to SoFi Stadium and 8 miles from LAX, this centrally located asset provides tenants with easy access to the remainder of Southern California via nearby 110, 105 and 10 freeways. All units are two bedrooms with one bath, presenting a stable and in-demand unit mix that will command increasing rents for the foreseeable future. The property was recently improved with a new roof, new rain gutters, new sewer line cleanout, new electrical panels and paint. With below-market rents and nearly 35% in remaining upside to market potential, this property presents a tremendous opportunity to piggyback on the recent renovations and reposition the leases into market rate for an instant jolt of equity. Additionally, there may be an opportunity to maximize the 7,000 sf lot by adding an ADU for an additional stream of income and equity addition (buyer to verify).

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-03T00:28:48.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/134967598
Print Image

542 W 76th Street Los Angeles (City), CA 90044

  • Price: $1,650,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 238 min ago
  • ID#: 22218335
12
Beds
0
Baths
0
½ Baths
0.16
Acres
4,128
SQFT
$400
$/SQFT
1957
Built
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
Property Description
Amazing opportunity to acquire a recently renovated bread-and-butter six unit building in South Los Angeles with significant upside on rents. Less than 4 miles to SoFi Stadium and 8 miles from LAX, this centrally located asset provides tenants with easy access to the remainder of Southern California via nearby 110, 105 and 10 freeways. All units are two bedrooms with one bath, presenting a stable and in-demand unit mix that will command increasing rents for the foreseeable future. The property was recently improved with a new roof, new rain gutters, new sewer line cleanout, new electrical panels and paint. With below-market rents and nearly 35% in remaining upside to market potential, this property presents a tremendous opportunity to piggyback on the recent renovations and reposition the leases into market rate for an instant jolt of equity. Additionally, there may be an opportunity to maximize the 7,000 sf lot by adding an ADU for an additional stream of income and equity addition (buyer to verify).
Exterior Features

Open Parking Spaces 6 Parking Features ConcreteDriveway Parking Total 6 View City Lights View YN Yes

Interior Features

Cooling None Cooling YN No

Property Features

Association YN No Gross Income 105511 Insurance Expense 2869 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 85579.5 New Construction YN No New Taxes Expense 16563 Senior Community YN No Special Listing Conditions Standard Water Sewer Expense 500 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-03T00:28:48.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370623739-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370623739-1.jpg
Logo
Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Deborah Perkins of Strand Hill Properties (310-545-0707) and Mark Ehlers of ()