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Multifamily

542 W 76th St

542 W 76th St, Los Angeles, CA 90044

Listing Price: $1,290,000

Cap Rate
4.09%
Number of Units
6
Price/Unit
$215,000
Price/Gross SF
$184.29
Gross SF
7,000

Investment Overview

542 W 76th St is a six-unit true value-add investment opportunity located in South Los Angeles south of W Florence Ave between S Hoover St and S Figueroa St. The subject property features a desirable unit mix of two-bedroom units currently leased at below market rents, allowing an investor the opportunity to capture over 42% in rental upside as units turn. The property has 10 parking spaces and is separately metered for gas and electric. Offered at a 4.09% CAP rate on current income with pro forma CAP rate of 6.88% when the building is stabilized Numerous schools in the immediate area including Loren Miler Elementary School, Manchester Ave Elementary School, Raymond Avenue Elementary School and Fremont High School; the subject property is also just 4 miles south of USC. Well-maintained building located in a rapidly gentrifying submarket of Los Angeles with increasing rents year-over-year; blocks away from the 110 Freeway and walking distance to the 81, 111 & 45 Metro Local Lines A centrally located asset, walking distance to the main thoroughfares of S. Hoover St and S. Figueroa St; tenants benefit from a quick commute to employment opportunities in Downtown Los Angeles, LAX, the South Bay and other prominent Los Angeles locations

Investment Highlights

  • 542 W 76th St is a six-unit true value-add investment opportunity located in South Los Angeles south of W. Florence Ave between S. Hoover St and S. Figueroa St
  • The subject property features a desirable unit mix of two-bedroom units currently leased at below market rents, allowing an investor the opportunity to capture over 42% in rental upside as units turn
  • The property has 10 parking spaces and is separately metered for gas and electric
  • Offered at a 4.09% CAP rate on current income with pro forma CAP rate of 6.88% when the building is stabilized
  • Numerous schools in the immediate area including Loren Miler Elementary School, Manchester Ave Elementary School, Raymond Avenue Elementary School and Fremont High School; the subject property is also just 4 miles south of USC
  • Well-maintained building located in a rapidly gentrifying submarket of Los Angeles with increasing rents year-over-year; blocks away from the 110 Freeway and walking distance to the 81, 111 & 45 Metro Local Lines
  • Centrally located asset walking distance to the main thoroughfares of S Hoover St and S Figueroa St; tenants benefit from a quick commute to employment opportunities in Downtown Los Angeles, LAX, the South Bay and other prominent Los Angeles locations

Exclusively Listed By

Listing Price: $1,290,000

Cap Rate
4.09%
Number of Units
6
Price/Unit
$215,000
Price/Gross SF
$184.29
Gross SF
7,000

Investment Highlights

  • 542 W 76th St is a six-unit true value-add investment opportunity located in South Los Angeles south of W. Florence Ave between S. Hoover St and S. Figueroa St
  • The subject property features a desirable unit mix of two-bedroom units currently leased at below market rents, allowing an investor the opportunity to capture over 42% in rental upside as units turn
  • The property has 10 parking spaces and is separately metered for gas and electric
  • Offered at a 4.09% CAP rate on current income with pro forma CAP rate of 6.88% when the building is stabilized
  • Numerous schools in the immediate area including Loren Miler Elementary School, Manchester Ave Elementary School, Raymond Avenue Elementary School and Fremont High School; the subject property is also just 4 miles south of USC
  • Well-maintained building located in a rapidly gentrifying submarket of Los Angeles with increasing rents year-over-year; blocks away from the 110 Freeway and walking distance to the 81, 111 & 45 Metro Local Lines
  • Centrally located asset walking distance to the main thoroughfares of S Hoover St and S Figueroa St; tenants benefit from a quick commute to employment opportunities in Downtown Los Angeles, LAX, the South Bay and other prominent Los Angeles locations

Investment Overview

542 W 76th St is a six-unit true value-add investment opportunity located in South Los Angeles south of W Florence Ave between S Hoover St and S Figueroa St. The subject property features a desirable unit mix of two-bedroom units currently leased at below market rents, allowing an investor the opportunity to capture over 42% in rental upside as units turn. The property has 10 parking spaces and is separately metered for gas and electric. Offered at a 4.09% CAP rate on current income with pro forma CAP rate of 6.88% when the building is stabilized Numerous schools in the immediate area including Loren Miler Elementary School, Manchester Ave Elementary School, Raymond Avenue Elementary School and Fremont High School; the subject property is also just 4 miles south of USC. Well-maintained building located in a rapidly gentrifying submarket of Los Angeles with increasing rents year-over-year; blocks away from the 110 Freeway and walking distance to the 81, 111 & 45 Metro Local Lines A centrally located asset, walking distance to the main thoroughfares of S. Hoover St and S. Figueroa St; tenants benefit from a quick commute to employment opportunities in Downtown Los Angeles, LAX, the South Bay and other prominent Los Angeles locations

Exclusively Listed By

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