$925,000
- Beds
- 9
- sq ft
- 3,820
317 W 76th St, Los Angeles, CA 90003
317 W 76th St
Los Angeles, CA 90003
- 130 days on market
- Price drop $50,000↓
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 just 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 significant 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 conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
Details
Property type
Lot size
5,882 sq ft
Price per sq ft
$243
Year built
1964
HOA
No
Price History
09/17/2024
CLAW #24391935
Listed
$925,000
09/15/2024
CLAW #24391935
Removed
$925,000
08/19/2024
CLAW #24391935
Price change
$925,000
-5.13%
Schools & Community
Neighborhood:
Southeast Los Angeles
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Gated
Community features:
Gated
Status: Active
Tomo last checked: 09/20/2024 at 11:45 PM
Listing updated: 09/17/2024 at 11:29 AM
Listed by: Brandon Evans, Rosano Partners Phone #: (213) 802-0305
MLS: CLAW #24391935
Recently listed in Los Angeles
$1,349,000|4 bd|1.75 ba|House
$1,298,000|3 bd|1.5 ba|House
$2,350,000|4 bd|3.25 ba|House
$4,595,000|5 bd|5.5 ba|House
$710,000|1 bd|1.5 ba|Condo
$1,695,000|4 bd|4.0 ba|Condo
$4,095,000|4 bd|4.0 ba|House
$1,295,000|4 bd|3.0 ba|House
$999,000|2 bd|1.75 ba|Condo
$2,195,000|3 bd|1.75 ba|House
Explore top cities in California