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Listing Details

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School Ratings & Info

Description

Within the corner parcel, a new structure was built in 2015 that contains five large townhouse-style units that are not subject to any rent control. The remaining six units include several bungalow-style apartments, which are subject to rent control. Across the property, the majority of units are two- and three-bedroom apartments, most of which are townhouse-style floorplans with excellent interior amenities. Select units feature recessed lighting, granite countertops, fully updated bathrooms, designed vent hoods, wood flooring, walk-in closets, and stainless steel appliances. An on-site laundry room provides an additional income stream for the owner. Located near the intersection of Florence Avenue and San Pedro Street, the property is directly across the street from the 26- acre John C. Fremont Senior High School campus. Several new developments, including 162 new apartments partially completed along Main Street and a 31-unit mixed use project, are coming online within a mile of the property. Tenants enjoy convenient access to the 110 Freeway, via either the Florence Avenue or Manchester Avenue onramps, while public transportation is readily available within one block of the property.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-16T23:42:40.217. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/120777684
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305-- 307 E 76th Pl Los Angeles, CA 90003

  • Price: $2,800,000
  • Status: Active
  • Updated: 36 min ago
  • MLS #: 21-775906
21
Beds
0
Baths
0
½ Baths
0.27
Acres
8,526
SQFT
$328
$/SQFT
1929
Built
Neighborhood:
Metropolitan South
County:
Los Angeles
Area:
Metropolitan South
Property Description
Within the corner parcel, a new structure was built in 2015 that contains five large townhouse-style units that are not subject to any rent control. The remaining six units include several bungalow-style apartments, which are subject to rent control. Across the property, the majority of units are two- and three-bedroom apartments, most of which are townhouse-style floorplans with excellent interior amenities. Select units feature recessed lighting, granite countertops, fully updated bathrooms, designed vent hoods, wood flooring, walk-in closets, and stainless steel appliances. An on-site laundry room provides an additional income stream for the owner. Located near the intersection of Florence Avenue and San Pedro Street, the property is directly across the street from the 26- acre John C. Fremont Senior High School campus. Several new developments, including 162 new apartments partially completed along Main Street and a 31-unit mixed use project, are coming online within a mile of the property. Tenants enjoy convenient access to the 110 Freeway, via either the Florence Avenue or Manchester Avenue onramps, while public transportation is readily available within one block of the property.
Exterior Features

Lot Size Area 12083 Other Structures None Parking Garage Carport Attached Total Parking 21

Interior Features

Baths Total 15.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1441935 Gross Income 217716 Gross Operating Income 211239 Like Units1 4 Like Units2 3 Like Units3 1 Like Units4 3 Net Operating Income 135693.00 Number Of Buildings 5 Number Of Units 11 Sale Type Standard Source Living Area Estimated Source Lot Size Area Estimated Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 75546 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-16T23:42:40.217. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210