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$1,298,000

Beds
10
sq ft
3,603

945 W 76th St, Los Angeles, CA 90044

945 W 76th St

Los Angeles, CA 90044

  • 56 days on market
    • Price drop $100,000↓
Exclusive Investment Opportunity. Prime Multi-Unit Property with Exceptional Upside Potential. Property Overview: This outstanding five-unit investment property presents an incredible opportunity for investors seeking strong cash flow and significant upside potential. Priced at an 8.18% cap rate with a 9.01 Gross Rent Multiplier (GRM), this asset offers immediate income with the potential to reach a 11.06% cap rate and a 7.11 GRM upon optimization. Potential 12.62% pre tax cash flow. Key Features: *Diverse Unit Mix: The property consists of two immaculately upgraded units, two brand-new ADUs, and one single-family residence (SFR), providing a well-balanced and attractive rental offering. *Brand-New ADUs: Recently constructed accessory dwelling units (ADUs) add additional rental income streams and enhance overall property value. *Strong Market Fundamentals: Located in a desirable area with high rental demand, this property benefits from a stable tenant base and potential for future appreciation. *Upside Potential: With strategic rent adjustments and optimized operations, investors can achieve a higher return, pushing the cap rate beyond 10%.Investment Summary: *Cap Rate (Current): 8.18% *Cap Rate (Pro Forma): 11.06% *GRM (Current): 9.01 *GRM (Pro Forma): 7.11. ***contact us for more information***

Details

Property type

Est. home value

$511,990

Lot size

5,592 sq ft

Price per sq ft

$361

Year built

1921

HOA

No

Price History

03/04/2025
CLAW

CLAW #25495183

Price change
$1,298,000
-7.15%
02/06/2025
CLAW

CLAW #25495183

Listed
$1,398,000
+174.12%
08/31/2023
CRMLS

CRMLS #PW23077028

Sold
$510,000

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

First Choice Funding Inc

Loan start date

February 2024

Original loan amount

$350,000

Est. remaining balance

Not provided

Interest rate

6.67%

Loan type

Commercial

Seller

Wi 76Th St Llc

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: 04/02/2025 at 7:30 PM

Listing updated: 03/04/2025 at 1:30 PM

Listed by: Kelly Morgan, KW Advisors Phone #: (310) 482-2200

MLS: CLAW #25495183

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