Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
542 West 76th Street . South Los Angeles , CA 90044
For sale 6 units located at 542 West 76th Street in the 90044 zip code of Los Angeles. For more information contact the listing agent, Jordan Epstein818-212-2799 Jordan.Epstein@marcusmillichap.com
Posted: 07/07/2022 3:04 pm
| On HOMEiZ: 665 days |
Updated: 1 year ago
| Views: 339
Location Map
Property Type
Sold
Property Price
$1325000
$1325000
07/08/2022
7,000.00
Sq. Ft.
$321
4128
2.0%
4.60%
$0
$60950
12.56
1.25%
$16563
Property Location & Description
For sale 6 units located at 542 West 76th Street in the 90044 zip code of Los Angeles. For more information contact the listing agent, Jordan Epstein818-212-2799 Jordan.Epstein@marcusmillichap.com
Rent Control
The subject property sits on a 7,000 square foot parcel and consists entirely of 2 Bedroom / 1 Bathroom units. Two of the six units have been recently renovated and rented for significantly more than what they were being rented for previously. This would be a great model for the next investor to follow as a great way to increase income and add value to the property. Another value-add strategy the new investor could consider would be to allocate the space behind the structure for an ADU, which are now being widely approved by the city and come with far less hurdles during the permitting process
The subject property resides within close proximity to the I-110 Freeway, offering tenants the ability to easily access nightlife, dining, entertainment, and so much more of what the city has to offer. With proper strategy and sound execution, 542 West 76th Street could become a cash flow machine with the potential to appreciate significantly over time.
6
$220833
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
2+1
6
2.
3.
4.
5.
6020-020-005
LARD1.5
100%
Wood & Stucco
2
1957
Good
Built in 1957
2 of 6 Units Recently Renovated
Great Opportunity for ADUs
Well Maintained Property
Easy Access to the I-110 Freeway
Property Information
Sewer
Sewer System (Public)
Parking
Off-street
On-street
Assigned Parking
12
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
Listing Presented by
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