$975,000 Price Analysis   ♡   Los Angeles, CA 90003 9 bed 5 bath 3,820 SqFt ($255/SqFt) 5,882SqFt lot. Built 1964 Listed 2024-05-14, Taxes $9,659 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present 317 W 76th St
A value add 5-unit apartment community located in the Florence neighborhood of South Los Angeles, CA. The property is comprised of an excellent unit mix of (4) 2 bed/1 Bath units and (1) 1 Bed/1 Bath unit. There are currently two Section 8 tenants in place (2 bed/ 1 bath) with one of them currently leased for $2, 467. There are two units that are significantly below market, offering major upside upon turnover. Section 8 Voucher Payment Standards (per HACLA) are currently up to $3, 052 for 2-bedroom units as of 2/2024. The gated property also sits on a 5, 880 square feet lot with rear and side alley access and parking for 4 vehicles.317 W 76th St is centrally located 4 miles from USC and Downtown with convenient access to the 110 freeway and walkability to local amenities along Broadway and Florence Avenue.
South Los Angeles has seen sign ificant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2, 300-$2, 600 and Section 8 Voucher Payment Standards rising up to $3, 052. With low vacancy rates, landlord-favored market condtions and numerous employment options nearby, South LA is poised for significant long-term growth.
Presented by Brandon Evans at
Rosano Partners.
Property MLS #24-391935 from TheMLSCLAW
Full Bathrooms: 5
Heating Features: Wall
Lot Size Source: Assessor
Lot Size Square Feet: 5882
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2350, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1850
County: Los Angeles
Cross Street: 76th and Broadway
Cap Rate: 5.54
Directions: 76th and Broadway
Source Property Type: Residential Income
Area: Metropolitan South
Source Neighborhood: Metropolitan South
Parcel Number: 6031-010-021
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $321,660 + $428,880 $750,540 | $9,659 |
| 2021 | $315,353 + $420,471 $735,824 | $9,530 |
| 2020 | $312,120 + $416,160 $728,280 | $9,618 |
| 2019 | $306,000 + $408,000 $714,000 | $9,262 |
| 2018 | $300,000 + $400,000 $700,000 | $9,172 |
| 2017 | $280,000 + $250,000 $530,000 | $7,073 |
| 2016 | $370,500 + $123,500 $494,000 | $6,581 |
| 2015 | $370,500 + $123,500 $494,000 | $6,582 |
| 2014 | $370,500 + $123,500 $494,000 | $6,750 |
| 2013 | $300,000 + $100,000 $400,000 | $5,617 |
| 2012 | $300,000 + $100,000 $400,000 | $5,787 |
| 2010 | $370,000 + $100,000 $470,000 | $6,618 |
| 2009 | $429,420 + $105,570 $534,990 | $7,168 |
| 2009 | $370,000 + $100,000 $470,000 | $7,168 |
| 2008 | $220,980 + $208,080 $429,060 | $5,744 |
| 2007 | $216,648 + $204,000 $420,648 | $5,553 |
$975,000
TheMLSCLAW
Listing removed 2023-01-18
$0
TheMLSCLAW
Price Changed 2022-11-23
$1,000,000
TheMLSCLAW
Listed 2022-09-26
$1,150,000
TheMLSCLAW
Sold 2017-10-11
$700,000
Public Record
Listing removed 2017-06-21
$749,999
CRMLS
Price Changed 2017-05-30
$749,999
CRMLS
Price Changed 2017-05-10
$788,000
CRMLS
Listing removed 2017-04-21
$599,000
TheMLSCLAW
Listed 2017-04-19
$825,000
CRMLS
Sold 2017-04-12
$593,500
Public Record
Listed 2017-01-18
$599,000
TheMLSCLAW
Sold 2016-09-21
$425,000
Public Record
Sold 2008-02-13
$524,500
Public Record
Sold 2005-11-29
$412,500
Public Record
Sold 2005-11-28
$412,500
Public Record
Listing removed 2005-01-01
$480,000
ITECH
Listed 2004-06-24
$480,000
ITECH
Sold 1993-06-18
$202,000
Public Record
Year Built: 1964
Common Walls: Attached
Levels: Two Level
Living Area Source: Assessor
Property Age: 60
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
Security Features: Gated
Map directions Map directions Map directions Map directions
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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.