Keller Williams Palos Verdes - John Morris
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Listing Courtesy Of: Engel & Volkers Beverly Hills, 310-777-7510, Edmar Costa
Local Realty Services Provided By: Keller Williams Realty Larchmont
Overview
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$1,200,000
820 W 76th St, Los Angeles, CA 90044
5 Beds
4 Baths
2,527 sq ft
.12 ac
$1,200,000

820 W 76th St, Los Angeles, CA 90044

Estimation provided by Keller Williams Realty Inc.
5 Beds
4 Baths
2,527 sq ft
.12 ac
Active
For Sale

Property Description

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

Compare This Home
Overview
Property Type
Residential Income
Property Size
2,527 sq ft
Year Built
1914
Days on Site
97 Days
HVAC
Heating: Electric
Parking
6 Parking Spaces
John Morris Real Estate
Keller Williams Palos Verdes
01382377

Activity History

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Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
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Purchase Price: $1,200,000
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Price & Tax History

Date
Event
Price
12/16/2024
Listed
$1,200,000
(+555.74%)
04/25/1996
Sold
$183,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$3,525
(+4.5%)
$270,325
Land 153,630 + Additions 116,695
2022
$3,373
(+1.53%)
$259,829
Land 147,665 + Additions 112,164
2021
$3,322
(+2.93%)
$259,829
Land 147,665 + Additions 112,164
2019
$3,227
(+152,134.43%)
$257,165
Land 146,151 + Additions 111,014
2017
$2.12
$247,181
Land 137,723 + Additions 104,612
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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John Morris Real Estate
Keller Williams Palos Verdes
01382377

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