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$ 1,248,000
Est. payment /mo
New
945 W 76th ST Los Angeles, CA 90044
10 Beds
5 Baths
3,603 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,603 sqft
Price per Sqft $346
MLS Listing ID 26641655
Bedrooms 10
HOA Y/N No
Year Built 1921
Lot Size 5,593 Sqft
Property Description
Outstanding five-unit investment property presents an incredible opportunity for investors seeking strong cash flow and significant upside potential. Priced at an 8% cap rate with a 9.12 Gross Rent Multiplier (GRM), this asset offers immediate income with the potential to reach a 10.39% cap rate and a 7.44 GRM by turning the front house and adding a bedroom making it a 3+1. *Key Features* *Diverse Unit Mix: The property consists of two upgraded units, two brand-new ADUs, and one single-family residence (SFR), providing a well-balanced and attractive rental offering. *Perfect for an owner-occupy opportunity. *Strong Market Fundamentals: Located in a desirable area with high rental demand, this property benefits from a stable tenant base and potential for future appreciation. *Upside Potential: By turning the front house investors can achieve a higher return, pushing the cap rate to 9.85%. *Investment Summary* -Cap Rate (Current): 8% -Cap Rate (Pro Forma): 10.39%-GRM (Current): 9.12 -GRM (Pro Forma): 7.44 -Pre Tax Cash Flow: 10.23% -Average Annual Return (over 5 years): 17.99%. ***Please contact us for more information***
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LARD1.5
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 4
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6020008031
Special Listing Condition Standard
Listed by Kelly Morgan Houze Real Estate Management
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