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$1,080,000

Beds
Unknown
sq ft
3,398

725 W 77th St, Los Angeles, CA 90044

725 W 77th St

Los Angeles, CA 90044

  • 150 days on market
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%. 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 area’s growth potential.

Details

Property type

Apartment

Est. home value

$974,164

Lot size

7,000 sq ft

Price per sq ft

$318

Year built

1928

Price History

04/24/2024
CRMLS

CRMLS #SR24081976

Listed
$1,080,000
-15.63%
03/09/2024
CRMLS

CRMLS #CV23191912

Removed
$1,280,000
10/14/2023
CRMLS

CRMLS #CV23191912

Listed
$1,280,000

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Experience Mortgage Incorporated

Loan start date

January 2024

Original loan amount

$110,000

Est. remaining balance

Not provided

Interest rate

7.29%

Loan type

Commercial

Seller

Erika M Munguia

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/21/2024 at 1:20 AM

Listing updated: 04/25/2024 at 6:08 AM

Listed by: Christopher Martinez Diaz, Vinco Vinco Realty & Investments Inc Phone #: (323) 303-3410

MLS: CRMLS #SR24081976

CRMLS logo

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