820 W 76th Street, Los Angeles, CA 90044

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$1,200,000

bedrooms

bathrooms

square feet

2,527

Acreage

Open Houses

year built

1914

Full Baths

Half Baths

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BACK ON THE MARKET!! Exceptional Investment Opportunity: 2-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 $9,527 per month in rental income, based on the payment standard, which translates to an impressive 7.62% 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 2 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!

Location
Subdivision	-
County	Los Angeles
Elementary School	-
Middle School	-
High School	-

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MLS number: 24464655

Listing agent: Edmar Costa

Listing broker: Engel & Völkers Beverly Hills (310) 777-7510

Last update: Tuesday, April 8 2025 at 11:27 a.m. EDT

Kotohomes National