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732 W 76th St 8 Unit Apartment Building $1,395,000 ($174,375/Unit) 7.94% Cap Rate Los Angeles, CA 90044
INVESTMENT HIGHLIGHTS
- Stabilized 8-unit apartment building with a balanced mix of 1-bedroom and 2-bedroom units.
- Value-add potential through interior upgrades and operational improvements.
- High-demand workforce housing location with durable renter demand.
- Strong in-place income with a competitive 7.94% CAP rate and a clear path to higher market rents.
- Efficient operations, including separately metered utilities and low expense ratios.
- Convenient access to major job centers, transit routes, and neighborhood amenities.
EXECUTIVE SUMMARY
True North CRE of Compass Commercial, as the exclusive listing agent, is pleased to present 732 W 76th Street, an 8-unit multifamily investment opportunity located in the Vermont Knolls neighborhood of South Los Angeles. Constructed in 1961, this two-story asset comprises approximately 4,462 square feet of rentable area on a 7,003 square- foot lot, zoned [Q]R3-1.
The property features a desirable unit mix of six (6) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units. The asset is partially vacant, with in-place average rents of approximately $1,619 for one-bedroom units and $1,661 for two- bedroom units, offering an estimated ~32% rental upside to market rents. Each unit is separately metered for gas and electricity and includes an individual water heater, minimizing landlord expenses, which are primarily limited to water, common-area electricity, and trash.
Strategically positioned near the 110 and 105 Freeways and within proximity to the Crenshaw/LAX Metro Line, 732 W 76th Street provides convenient access to major employment and lifestyle hubs including Downtown Los Angeles, Culver City, Santa Monica, and the South Bay. With strong in-place cash flow, efficient operating fundamentals, and meaningful value-add potential, the property represents an attractive acquisition opportunity for investors seeking stable returns in one of South Los Angeles’ most active multifamily submarkets.
The property features a desirable unit mix of six (6) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units. The asset is partially vacant, with in-place average rents of approximately $1,619 for one-bedroom units and $1,661 for two- bedroom units, offering an estimated ~32% rental upside to market rents. Each unit is separately metered for gas and electricity and includes an individual water heater, minimizing landlord expenses, which are primarily limited to water, common-area electricity, and trash.
Strategically positioned near the 110 and 105 Freeways and within proximity to the Crenshaw/LAX Metro Line, 732 W 76th Street provides convenient access to major employment and lifestyle hubs including Downtown Los Angeles, Culver City, Santa Monica, and the South Bay. With strong in-place cash flow, efficient operating fundamentals, and meaningful value-add potential, the property represents an attractive acquisition opportunity for investors seeking stable returns in one of South Los Angeles’ most active multifamily submarkets.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$156,397
|
$35.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$156,397
|
$35.05
|
| Taxes |
$16,740
|
$3.75
|
| Operating Expenses |
$28,856
|
$6.47
|
| Total Expenses |
$45,596
|
$10.22
|
| Net Operating Income |
$110,801
|
$24.83
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $156,397 |
| Annual Per SF | $35.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $156,397 |
| Annual Per SF | $35.05 |
| Taxes | |
|---|---|
| Annual | $16,740 |
| Annual Per SF | $3.75 |
| Operating Expenses | |
|---|---|
| Annual | $28,856 |
| Annual Per SF | $6.47 |
| Total Expenses | |
|---|---|
| Annual | $45,596 |
| Annual Per SF | $10.22 |
| Net Operating Income | |
|---|---|
| Annual | $110,801 |
| Annual Per SF | $24.83 |
PROPERTY FACTS
| Price | $1,395,000 | Apartment Style | Low-Rise |
| Price Per Unit | $174,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.94% | Building Size | 4,462 SF |
| Gross Rent Multiplier | 8.9 | Average Occupancy | 95% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 0.67/1,000 SF |
| Zoning | R3-1, City of L.A. | ||
| Price | $1,395,000 |
| Price Per Unit | $174,375 |
| Sale Type | Investment |
| Cap Rate | 7.94% |
| Gross Rent Multiplier | 8.9 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,462 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | R3-1, City of L.A. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,619 | - |
| 2+1 | 2 | $1,661 | - |
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Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 6020-019-003 | Total Assessment | $252,418 |
| Land Assessment | $103,898 | Annual Taxes | $16,740 ($3.75/SF) |
| Improvements Assessment | $148,520 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
6020-019-003
Land Assessment
$103,898
Improvements Assessment
$148,520
Total Assessment
$252,418
Annual Taxes
$16,740 ($3.75/SF)
Tax Year
2025
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732 W 76th St
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