$1,080,000 Price Analysis   ♡   Los Angeles, CA 90044 2 bed 9 bath 3,398 SqFt ($317/SqFt) 7,000SqFt lot. Built 1928 Listed 2024-04-24, Taxes $10,503 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 ight 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 stabiliz ing at market rent levels, this asset can achieve a CAP Rate exceeding 10%. The building spans 3, 398 square feet and sits on a 7, 000-square-foot lot.
Located in the highly sought-after Vermont Knolls area, this property is an exceptional investment opportunity, ideally situated near Downtown Los Angeles, USC/Exposition Park and the rapidly developing city of Inglewood. Home to major attractions such as SoFi Stadium, Kia Forum and Exposition Park and close to employment hubs like Los Angeles International Airport and West LA, it appeals to a diverse range of renters. Benefitting from convenient access to key freeways including I-10, I-110, US-101 and I-5, as well as public transportation options, the property offers seamless connectivity across Los Angeles. Its strategic location, combined with cultural vibrancy and proximity to entertainment and employment centers, makes it a compelling choice for investors and residents aiming to capitalize on the areas growth potential.
Presented by Christopher Martinez Diaz at
Vinco Vinco Realty & Investmen.
Property MLS #SR24081976 from CRMLS
Lot Size Acres: 0.1606979
Lot Size Source: Assessor
Lot Size Square Feet: 7000
Parking Total: 2
Bedrooms in Unit-1: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Unit-1 Garage Spaces: 2
Rent Control: Yes
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 2549.00
Area: C34 - Los Angeles Southwest
Source Neighborhood: C34 - Los Angeles Southwest
Number of Separate Electric Meters: 9
Number of Separate Gas Meters: 9
Parcel Number: 6020019021
Postal Code Plus 4: 6055
Professional Management Expense: 3106.00
Trash Expense: 4470.00
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $183,059 + $631,251 $814,310 | $10,503 |
| 2021 | $179,470 + $618,874 $798,344 | $10,365 |
| 2020 | $177,630 + $612,529 $790,159 | $10,462 |
| 2019 | $174,148 + $600,519 $774,667 | $10,077 |
| 2018 | $170,734 + $588,745 $759,479 | $9,940 |
| 2017 | $167,387 + $577,201 $744,588 | $9,694 |
| 2016 | $164,105 + $565,884 $729,989 | $9,460 |
| 2015 | $131,500 + $453,500 $585,000 | $7,734 |
| 2014 | $125,900 + $434,100 $560,000 | $7,653 |
| 2013 | $105,200 + $362,800 $468,000 | $6,542 |
| 2012 | $154,665 + $533,331 $687,996 | $9,523 |
| 2010 | $151,633 + $522,874 $674,507 | $9,246 |
| 2009 | $150,858 + $520,200 $671,058 | $8,919 |
| 2009 | $150,500 + $518,967 $669,467 | $8,919 |
| 2008 | $147,900 + $510,000 $657,900 | $8,558 |
| 2007 | $183,600 + $448,800 $632,400 | $8,136 |
$1,080,000
CRMLS
Listing removed 2024-03-10
$0
CRMLS
Listed 2023-10-14
$1,280,000
CRMLS
Listing removed 2007-07-18
$750,000
ITECH
Listed 2007-06-07
$750,000
ITECH
Sold 2007-01-30
$645,000
Public Record
Listing removed 2006-11-21
$729,000
ITECH
Listed 2006-08-20
$729,000
ITECH
Listing removed 2006-07-16
$749,000
ITECH
Listed 2006-05-15
$749,000
ITECH
Sold 2005-08-15
$620,000
Public Record
Listing removed 2005-07-06
$600,000
ITECH
Listed 2004-05-19
$600,000
ITECH
Sold 1982-10-20
$125,000
Public Record
Sold 1980-10-06
$43,000
Public Record
Year Built: 1928
Building Features: 3
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front & Alley
Property Age: 96
Property Attached: Yes
Property Condition: Repairs Cosmetic
Building Total Stories: 1
Structure Type: Apartment
House Style: Bungalow
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.