1212 E 76Th Place

Los Angeles, CA 90001

$1,075,000

List Price

8

bed Beds

8

shower Baths

4,650 sqft

straighten / sqft

1926

calendar_month Built

Property Description

We are pleased to present the opportunity to acquire 1212 E 76th Place, an 8-unit multifamily property located in the Florence-Firestone neighborhood of unincorporated South Los Angeles. Built in 1926, this two-story building offers 4,650 square feet and occupies a 5,431 square-foot lot. The property comprises (8) 1 Bedroom-1 Bathroom units and will be delivered with (2) vacant units. Each unit is equipped with individual water heaters and is separately metered for gas and electricity allowing for the ability to control utility costs. The average rent for the (6) occupied units is $1,000 per unit and offers a potential investor with approximately 64% upside in rental income. Buyers are encouraged to verify all building records and data for accuracy. Located south of E. Florence Avenue and east of S. Central Avenue, the subject property is centrally located in the heart of South Los Angeles and is a short distance from the 110 and 105 Freeways, providing access throughout all Greater Los Angeles. Tenants can also access multiple bus stops along S. Central Ave.

Listing Information

List Price $1,075,000
Status Active
MLS 24445213
Type Residential Income
Year Built 1926
Lot Size 5,431
Structure Size 4,650
DOM 1
Courtesy Of Marcus & Millichap
Listing Agent Sevak Keshishian DRE#01887505

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 8

Exterior Information

Maps

Listing information courtesy of: Sevak Keshishian, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 26th, 2024 at 9:07 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.