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Owner Occupy Opportunity with 2 New ADUs 945 W 76th St 5 Unit Apartment Building $998,000 ($199,600/Unit) 9.92% Cap Rate Los Angeles, CA 90044
Investment Highlights
- Financial Metrics - 9.92% Current Cap Rate | 7.51 GRM with upside to a projected 12.62% Cap Rate and 6.21 GRM.
- Location Benefits - Just 0.7 miles from Evermont Development and minutes from USC, Downtown LA, and the upcoming Vermont Transit Corridor.
- Walk Score - Very Walkable with a 73 Walk Score, 63 Transit Score, and 64 Bike Score, offering convenient access to errands and public transit.
- Property Features - Five-unit property featuring two upgraded units, two brand-new ADUs, and one single-family residence.
- Tenant Appeal - Two new ADUs, upgraded interiors, single-family residence, and owner-occupy flexibility support broad tenant demand.
Executive Summary
945 W 76th Street presents an opportunity to acquire a five-unit multifamily property offering strong in-place cash flow, value-add potential, and owner-user flexibility in a rapidly evolving South Los Angeles neighborhood. The property consists of two upgraded units, two brand-new ADUs, and a detached single-family residence. Includes a projected 9.92% Cap Rate and 7.51 GRM after lease-up, and upside to a 12.62% Cap Rate and 6.21 GRM at market rates.
Located just 0.7 miles from Evermont, a transformative mixed-use development featuring 180 affordable housing units, over 64,000 square feet of retail space, and new neighborhood amenities, the property is well positioned to benefit from continued neighborhood investment. It is also near the planned Vermont Transit Corridor, with convenient access to USC, Downtown Los Angeles, major employment centers, and the I-110 and I-105 Freeways. A 73 Walk Score, 63 Transit Score, and 64 Bike Score further support tenant demand and connectivity.
**Contact Kyana Morgan for more information (310) 740-4581 or Kyana@TheValueAddGuy.com**
Located just 0.7 miles from Evermont, a transformative mixed-use development featuring 180 affordable housing units, over 64,000 square feet of retail space, and new neighborhood amenities, the property is well positioned to benefit from continued neighborhood investment. It is also near the planned Vermont Transit Corridor, with convenient access to USC, Downtown Los Angeles, major employment centers, and the I-110 and I-105 Freeways. A 73 Walk Score, 63 Transit Score, and 64 Bike Score further support tenant demand and connectivity.
**Contact Kyana Morgan for more information (310) 740-4581 or Kyana@TheValueAddGuy.com**
Property Facts
| Price | $998,000 | Apartment Style | Low-Rise |
| Price Per Unit | $199,600 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 9.92% | Building Size | 3,603 SF |
| Gross Rent Multiplier | 7.51 | No. Stories | 1 |
| No. Units | 5 | Year Built | 1921 |
| Property Type | Multifamily | Parking Ratio | 1.11/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 | ||
| Price | $998,000 |
| Price Per Unit | $199,600 |
| Sale Type | Investment |
| Cap Rate | 9.92% |
| Gross Rent Multiplier | 7.51 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,603 SF |
| No. Stories | 1 |
| Year Built | 1921 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | LARD1.5 |
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 6020-008-031 | Improvements Assessment | $153,000 |
| Land Assessment | $367,200 | Total Assessment | $520,200 |
Property Taxes
Parcel Number
6020-008-031
Land Assessment
$367,200
Improvements Assessment
$153,000
Total Assessment
$520,200
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