542 W 76TH STREET, LOS ANGELES CA 90044

  • 4,128 sq.ft.
  • 7,000 sq.ft. lot
offered at $1,650,000
MLS#:22218335
Status: Active // Property Type:
County: Los Angeles // Year Built: 1957

Property Description

Amazing opportunity to acquire a recently renovated bread-and-butter six unit building in South Los Angeles with significant upside on rents. Less than 4 miles to SoFi Stadium and 8 miles from LAX, this centrally located asset provides tenants with easy access to the remainder of Southern California via nearby 110, 105 and 10 freeways. All units are two bedrooms with one bath, presenting a stable and in-demand unit mix that will command increasing rents for the foreseeable future. The property was recently improved with a new roof, new rain gutters, new sewer line cleanout, new electrical panels and paint. With below-market rents and nearly 35% in remaining upside to market potential, this property presents a tremendous opportunity to piggyback on the recent renovations and reposition the leases into market rate for an instant jolt of equity. Additionally, there may be an opportunity to maximize the 7,000 sf lot by adding an ADU for an additional stream of income and equity addition (buyer to verify).

Listing Courtesy of Deborah Perkins, Strand Hill Properties

FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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