542 W 76th St, Los Angeles, CA 90044

$1,650,000
12
BD
6
BA
4,128
SqFt
List Price
$1,650,000
Status
ACTIVE
MLS#
22-218335
Year Built
1957
Bedrooms
12
Bathrooms
6
Living Sq. Ft
4,128
Lot Size
7,000
Days on Market
20
Property Type
Multifamily

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).

Additional Information

Other Buildings
None
Heat
Wall Gas
Cooling
None
View
City
Number of Cars in Garage
Driveway, Driveway - Concrete

Mortgage Calculator

Amount of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of , Deborah Perkins - CA DRE#

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