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150 W 76th St 4 Unit Apartment Building $1,177,361 CAD ($294,340 CAD/Unit) 9.19% Cap Rate Los Angeles, CA 90003
Investment Highlights
- The property is currently achieving a healthy income stream of more than $8,600 in scheduled rent per month.
- The 110 Freeway is half a mile west, putting Downtown LA seven miles north and the 105 three miles south for direct LAX and South Bay access.
- A Walk Score of 73, with the 45 Metro local line and the Vermont/Main DASH both within a quarter mile and the 110 Freeway less than half a mile west.
- Operating at a 9.19% scheduled cap rate and an 8.22 GRM, both stronger than the recent comparable sales in the surrounding submarket.
- Four open parking spaces on site.
Executive Summary
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 150 West 76th Street, a four-unit apartment community located in the Florence neighborhood of Los Angeles, just west of Main Street between Florence Avenue and Manchester Avenue.
Built in 1925, the property comprises 2,257 square feet of improvements across two single-story buildings on a 6,300-square-foot parcel, with a unit mix of two studios and two two-bedroom units and four on-site parking spaces. The property is currently achieving more than $8,600 in scheduled rent per month, and the offering is priced at a 9.19% scheduled cap rate and an 8.22 GRM, both stronger than the recent comparable sales in the surrounding submarket.
With a Walk Score of 73, the property sits within a quarter mile of the 45 Metro local line and the Vermont/Main DASH. The 110 Freeway runs about half a mile west, with interchanges at Florence Avenue and Manchester Avenue, placing Downtown Los Angeles about seven miles north and the 105 interchange about three miles south for direct access to LAX and the South Bay.
150 West 76th Street offers investors an opportunity to acquire an asset with strong in-place income in South Los Angeles.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Built in 1925, the property comprises 2,257 square feet of improvements across two single-story buildings on a 6,300-square-foot parcel, with a unit mix of two studios and two two-bedroom units and four on-site parking spaces. The property is currently achieving more than $8,600 in scheduled rent per month, and the offering is priced at a 9.19% scheduled cap rate and an 8.22 GRM, both stronger than the recent comparable sales in the surrounding submarket.
With a Walk Score of 73, the property sits within a quarter mile of the 45 Metro local line and the Vermont/Main DASH. The 110 Freeway runs about half a mile west, with interchanges at Florence Avenue and Manchester Avenue, placing Downtown Los Angeles about seven miles north and the 105 interchange about three miles south for direct access to LAX and the South Bay.
150 West 76th Street offers investors an opportunity to acquire an asset with strong in-place income in South Los Angeles.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
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Property Facts
| Price | $1,177,361 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $294,340 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 9.19% | Building Size | 2,257 SF |
| Gross Rent Multiplier | 8.22 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1925 |
| Property Type | Multifamily | Parking Ratio | 1.77/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR2 - R2 – Limited Multiple-Family Residential | ||
| Price | $1,177,361 CAD |
| Price Per Unit | $294,340 CAD |
| Sale Type | Investment |
| Cap Rate | 9.19% |
| Gross Rent Multiplier | 8.22 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,257 SF |
| No. Stories | 1 |
| Year Built | 1925 |
| Parking Ratio | 1.77/1,000 SF |
| Zoning | LAR2 - R2 – Limited Multiple-Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 6031-013-002 | Improvements Assessment | $259,366 CAD |
| Land Assessment | $602,109 CAD | Total Assessment | $861,475 CAD |
Property Taxes
Parcel Number
6031-013-002
Land Assessment
$602,109 CAD
Improvements Assessment
$259,366 CAD
Total Assessment
$861,475 CAD
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150 W 76th St
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