8
See all 8 photos
$1,075,000
Est. payment /mo
8 BD
8 BA
4,650 SqFt
Active Under Contract
1212 E 76th PL Los Angeles, CA 90001
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UPDATED:
12/05/2024 05:29 AM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,650 sqft
Price per Sqft $231
MLS Listing ID 24445213
Bedrooms 8
HOA Y/N No
Year Built 1926
Lot Size 5,431 Sqft
Property Description
We are pleased to present the opportunity to acquire 1212 E 76th Place, an 8-unit multifamily property located in the Florence-Firestone neighborhood of unincorporated South Los Angeles. Built in 1926, this two-story building offers 4,650 square feet and occupies a 5,431 square-foot lot. The property comprises (8) 1 Bedroom-1 Bathroom units and will be delivered with (2) vacant units. Each unit is equipped with individual water heaters and is separately metered for gas and electricity allowing for the ability to control utility costs. The average rent for the (6) occupied units is $1,083 per unit and offers a potential investor with approximately 64% upside in rental income. Buyers are encouraged to verify all building records and data for accuracy. Located south of E. Florence Avenue and east of S. Central Avenue, the subject property is centrally located in the heart of South Los Angeles and is a short distance from the 110 and 105 Freeways, providing access throughout all Greater Los Angeles. Tenants can also access multiple bus stops along S. Central Ave.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LCR3*
Interior
Fireplace No
Exterior
Parking Features None
Community Features Gated
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6024012003
Security Features Gated Community
Special Listing Condition Standard
Listed by Sevak Keshishian • Marcus & Millichap
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