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23457770
23457778

7705 S Vermont Avenue, Los Angeles, CA 90044

SR
CA CA 01510320
Y Realty
Listed by Y Realty
$870,000
380 days on market
Updated 3 days ago

7705 S Vermont Avenue

Details
APN 6019017001
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,864
Units 3
Cap Rate 11.52%
NOI $100,237
Occupancy 100%
Pro-Forma Cap Rate 13.32%
Pro-Forma NOI $115,900
Price per SqFt $179
Broker Co-Op Yes
Class B
Year Renovated 2020
Buildings 3
Stories 1
Acreage 0.114
Zoning Assessor
Parking Spaces 3 spaces
Parking Per SqFt 0.62
Investment Type Stabilized
Occupancy Date 07/21/2021
Ground Lease No
Ownership Private

Value Add Multifamily Portfolio in Vermont Knolls South Los Angeles.

Marketing description

1000 W. 77th St, 7707 & 7705 S. Vermont Ave, Los Angeles, CA 90044 Development Opportunity Build 13 units of Multifamily on the Vermont Corridor with 20% Affordable Housing. Or keep the existing: Versatile Triplex | 3 Homes on 1 Lot | Corner Property with Great Potential Welcome to this unique triplex property featuring three separate homes on one lot, ideal for extended families, owner-occupants looking for rental income, or savvy investors seeking a great opportunity in South Los Angeles! Main Home 1000 W. 77th St A spacious 4-bedroom, 2-bathroom single-family residence with a generous layout perfect for comfortable living. Enjoy the large front yard, ideal for outdoor activities, and the privacy of a corner location. Second Unit 7707 S. Vermont Ave A charming 1-bedroom, 1-bath detached home, offering great potential as a rental unit or guest house, with its own private entrance and separation from the main house. Third Unit 7705 S. Vermont Ave A cozy studio unit in a separate structure, perfect for a rental, home office, or additional living space. This property is well-suited for multi-generational living or maximizing rental income. Conveniently located near public transit, local shops, schools, and just minutes from Downtown LA, this triplex offers flexibility, functionality, and future upside in an emerging neighborhood. Property Highlights: 3 separate homes on 1 lot Spacious 4-bed/2-bath main home with large front yard Detached 1-bed/1-bath unit Separate studio unit Corner lot with excellent street visibility Great for family compound or investment property Close

Investment highlights

INVESTMENT HIGHLIGHTS

  • Five-Unit Portfolio in Prime South LA Submarket
    Offering includes a well-maintained duplex and a separately parceled triplex, located within one block of each other in the high-demand Vermont Knolls neighborhood.

  • Attractive In-Place Income with Upside Potential
    Current Gross Scheduled Income of $11,933/month ($143,196 annually) with a Gross Potential Rent of $13,796/month ($165,552 annually), representing an approx. 15.6% rental upside through lease-up or repositioning.

  • Diverse Unit Mix with Broad Tenant Appeal
    Unit mix includes a 4-Bed/2-Bath SFR, a 3-Bed/1.5-Bath, 2-Bed/1-Bath, 1-Bed/1-Bath, and Studio—well-suited for family and workforce renters in the area.

  • Corner Lots with Strong Visibility & Accessibility
    Both properties are situated on corner parcels offering gated access, off-street parking, and strong curb appeal—enhancing tenant retention and marketability.

  • Strategic Location in Emerging Growth Corridor
    Situated minutes from Downtown LA, USC, and major transit corridors, these assets are positioned in a submarket experiencing ongoing revitalization and public/private investment.

  • Ideal for Owner-User, 1031 Exchange, or Portfolio Expansion
    Rare opportunity to acquire multiple contiguous assets with flexibility for owner-occupancy, long-term hold, or strategic redevelopment.

  • Stable Occupancy with Professional Management Potential
    Fully occupied with strong rental history, offering investors immediate cash flow and streamlined operations with the option to consolidate management.

  • Potential for ADU Additions or Site Reconfiguration
    Subject to city approval, the large lots may support additional units or ADU development for further NOI growth.

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Listing Contacts

SR
CA CA 01510320
Y Realty
Listed by Y Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$100,237.00
$8,353.08/mo

Valuation Metrics

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DSCR
11.52%
Cap Rate
11.52%
ROI

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Additional Information

Name
Steve Richardson
License
CA 01510320
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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