945 W 76th ST, Los Angeles, CA 90044
945 W 76th ST, Los Angeles, CA 90044
945 W 76th ST, Los Angeles, CA 90044
945 W 76th ST, Los Angeles, CA 90044
945 W 76th ST, Los Angeles, CA 90044
945 W 76th ST, Los Angeles, CA 90044
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 998,000
Est. payment | /mo

10 Beds

5 Baths

3,603 SqFt

Save
$ 998,000
Est. payment | /mo
Save

10 Beds

5 Baths

3,603 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,603 sqft

Price per Sqft $276

MLS Listing ID 26863245

Bedrooms 10

HOA Y/N No

Year Built 1921

Lot Size 5,601 Sqft

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 originally consisted of a detached single-family residence at the front of the lot and a duplex situated above two garages in the rear. The duplex has since been completely renovated, and the two garages were converted into two ADUs. Because these ADUs were constructed within a previously non-habitable space, according to the Los Angeles Housing Department (LAHD), they are not subject to rent control. Additionally, all electrical subpanels have been replaced, and the main electrical panels are brand new.There are currently 2 vacancies. The investment 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

Area C36 - Metropolitan Southwest

Zoning LARD1.5

Interior

Heating None

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 4

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6020008031

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Kelly Morgan Houze Real Estate Management #01898026

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

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Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.