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542 W 76TH St

Los Angeles, CA 90044
  • $1,400,000
  • STATUS: Active
  • ON SITE: 120 Days
  • MLS #: 22-120485
UPDATED: 51 min ago
$1,400,000
  • 12
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,128
    SQFT
  • $339
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Description

We are pleased to present this price reduction for 6-units located at 542 West 76th Street in the 90044 zip code of Los Angeles. The subject property sits on a 7,000 square foot parcel and consists entirely of 2 Bedroom / 1 Bathroom units.Two of the six units have been recently renovated and rented for significantly more than what they were being rented for previously. This would be a great model for the next investor to follow as a great way to increase income and add value to the property. Another value-add strategy the new investor could consider would be to allocate the space behind the structure for an ADU, which are now being widely approved by the city and come with far less hurdles during the permitting process.The subject property resides within close proximity to the I-110 Freeway, offering tenants the ability to easily access nightlife, dining, entertainment, and so much more of what the city has to offer. With proper strategy and sound execution, 542 West 76th Street could become a cash flow machine with the potential to appreciate significantly over time.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T21:42:53.26. 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/124932844
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542 W 76TH St Los Angeles, CA 90044

  • Price: $1,400,000
  • Status: Active
  • On Site: 120 Days
  • Updated: 51 min ago
  • MLS #: 22-120485
12
Beds
0
Baths
0
½ Baths
0.16
Acres
4,128
SQFT
$339
$/SQFT
1957
Built
Neighborhood:
Metropolitan Southwest
County:
Los Angeles
Area:
Metropolitan Southwest
Property Description
We are pleased to present this price reduction for 6-units located at 542 West 76th Street in the 90044 zip code of Los Angeles. The subject property sits on a 7,000 square foot parcel and consists entirely of 2 Bedroom / 1 Bathroom units.Two of the six units have been recently renovated and rented for significantly more than what they were being rented for previously. This would be a great model for the next investor to follow as a great way to increase income and add value to the property. Another value-add strategy the new investor could consider would be to allocate the space behind the structure for an ADU, which are now being widely approved by the city and come with far less hurdles during the permitting process.The subject property resides within close proximity to the I-110 Freeway, offering tenants the ability to easily access nightlife, dining, entertainment, and so much more of what the city has to offer. With proper strategy and sound execution, 542 West 76th Street could become a cash flow machine with the potential to appreciate significantly over time.
Exterior Features

Lot Size Area 7000 Other Structures None Parking Garage Uncovered Total Parking 0

Interior Features

Baths Total 6.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 985101 Gross Income 105516 Gross Operating Income 102351 Like Units1 6 Net Operating Income 66672.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 35678 Type Of Units Market Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T21:42:53.26. 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
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