1212 E 76th Place , Los Angeles, CA 90001
Los Angeles, CA 90001
Description
We are pleased to present the opportunity to acquire 1212 E 76th Place, an 8-unit multifamily property located in the Florence-Firestone neighborhood of unincorporated South Los Angeles. Built in 1926, this two-story building offers 4,650 square feet and occupies a 5,431 square-foot lot. The property comprises (8) 1 Bedroom-1 Bathroom units and will be delivered with (2) vacant units. Each unit is equipped with individual water heaters and is separately metered for gas and electricity allowing for the ability to control utility costs. The average rent for the (6) occupied units is $1,083 per unit and offers a potential investor with approximately 64% upside in rental income. Buyers are encouraged to verify all building records and data for accuracy. Located south of E. Florence Avenue and east of S. Central Avenue, the subject property is centrally located in the heart of South Los Angeles and is a short distance from the 110 and 105 Freeways, providing access throughout all Greater Los Angeles. Tenants can also access multiple bus stops along S. Central Ave.
Details
| Mls | 24445213 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active Under Contract |
| Year | 1926 |
| Days On Site | 77 |
| Listing Provided By | Marcus & Millichap 818-212-2700 | Sevak Keshishian |
Features
| Beds | 8 |
|---|---|
| Baths | 8 |
| Sq Feet | 4,650 |
| Storys | 2 |
| Units | 8 |
| Buildings | 1 |
| Zoning | LCR3* |
| Acreage | 0.12 |
Market Activity 90001
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90001 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90001) | |
Price: $1,075,000 low | high Med: $710,000 SqFt: 4,650 low | high Med: 1,876 $ / SqFt: $231 low | high Med: $381 On Site: 77 low | high Med: 138.000000 | |
