542 W 76th Street

Los Angeles , CA 90044

MLS#: 25587023

$1,650,000

Status: Active
Listing number: 25587023
Listing provided by: Douglas Elliman
Listing agent phone: None
Last update: 2 days ago
New on site 3 days ago
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Property

Beds

12

Full Baths

None

1/2 Baths

None

Year Built

1957

Sq.Footage

4,128

Amazing opportunity to acquire a recently renovated, six unit building in South Los Angeles with significant upside on rents. 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. This property presents a tremendous opportunity to piggyback on the recent renovations; and, 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). Located 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.

Features & Amenities

Interior

  • Total Bedrooms

    12

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Concrete, Guest

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1607

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,650,000

  • Sq. Footage

    4, 128

  • Price/SqFt

    $399

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

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Listing Courtesy of Deborah Perkins , Douglas Elliman

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Amazing opportunity to acquire a recently renovated, six unit building in South Los Angeles with significant upside on rents. 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. This property presents a tremendous opportunity to piggyback on the recent renovations; and, 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). Located 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.

542 W 76th Street

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