725 W 77th St - Apartments FOR SALE


Los Angeles, CA 90044
$1,080,000 USD
323-303-3410
725 W 77th St, Los Angeles, CA for Sale
$1,080,000 USD
Apartments - FOR SALE
1/13
null | 3.3% Cap Rate

725 W 77th St
Los Angeles, CA 90044


HIGHLIGHTS

  • Stable to a 10% CAP
  • Lowest Price Per Door in South LA
  • Over 100% Rental Upside
  • ADU Opportunity Using - Two Car Garage

OVERVIEW

Vinco Vinco Realty Group (VVRG) is pleased to present 725 W 77th Street, a 9-unit investment property with substantial value-add potential. Perfectly situated in the vibrant heart of South Los Angeles, near Exposition Park and Inglewood, this property comprises eight studios and one two-bedroom unit. Additionally, a two-car garage at the rear of the property presents a unique opportunity for conversion into an Accessory Dwelling Unit (ADU), further enhancing its value. Upon stabilizing at market rent levels, this asset can achieve a CAP Rate exceeding 10%. Currently, it generates approximately $6,470 per month, yielding a CAP Rate of over 3.66%. The building spans 3,398 square feet and sits on a 7,000-square-foot lot. Although local ordinances pose some stabilization challenges, the property's predominantly studio mix facilitates a higher turnover rate, which could expedite reaching market rent levels. This is an excellent opportunity for investors seeking to capitalize on a property with promising upside in a sought-after location.

FOR SALE DETAILS

PRICE

$1,080,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

9

PRICE/UNIT

$120,000

CAP RATE

3.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,013 SF

ZONING

R3

APN/PARCEL ID

6020-019-021

ASK ABOUT THIS PROPERTY

Christopher MartinezVinco Vinco Realty GroupMore Info
323-303-3410

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Christopher MartinezVinco Vinco Realty GroupMore Info
323-303-3410

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.