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945 W 76th Street Los Angeles, CA 90044
3,603 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,603 sqft
Price per Sqft $276
MLS Listing ID CL26863245
HOA Y/N No
Year Built 1921
Lot Size 5,600 Sqft
Acres 0.1286
Property Sub-Type Other
Property Description
945 W 76th Street presents an opportunity to acquire a five-unit multifamily property offering strong in-place cash flow, value-add potential, and owner-user flexibility in a rapidly evolving South Los Angeles neighborhood. The property consists of two upgraded units, two brand-new ADUs, and a detached single-family residence. Includes a projected 9.92% Cap Rate and 7.51 GRM after lease-up, and upside to a 12.62% Cap Rate and 6.21 GRM at market rates. Located just 0.7 miles from Evermont, a transformative mixed-use development featuring 180 affordable housing units, over 64,000 square feet of retail space, and new neighborhood amenities, the property is well positioned to benefit from continued neighborhood investment. It is also near the planned Vermont Transit Corridor, with convenient access to USC, Downtown Los Angeles, major employment centers, and the I-110 and I-105 Freeways. A 73 Walk Score, 63 Transit Score, and 64 Bike Score further support tenant demand and connectivity.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating None
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 6020008031
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Listed by Kelly Morgan • Houze Real Estate Management