732 W 76th Street | 8 Units offered at a 8.27 Cap | 8.3 GRM
8 Units in South LA - 8.27 Cap | 8.3 GRM - 31% Upside
Marketing description
True North CRE of Compass Commercial, as the exclusive listing agent, is pleased to present 732 W 76th Street, an 8-unit multifamily investment opportunity located in the Vermont Knolls neighborhood of South Los Angeles. Constructed in 1961, this two-story asset comprises approximately 4,462 square feet of rentable area on a 7,003-square-foot lot, zoned [Q]R3-1.
The property features a desirable unit mix of six (6) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units. The asset is partially vacant, offering an estimated ~30.7% rental upside to market rents. Each unit is separately metered for gas and electricity and includes an individual water heater, minimizing landlord expenses, which are primarily limited to water, common-area electricity, and trash.
Strategically positioned near the 110 and 105 Freeways and within proximity to the Crenshaw/LAX Metro Line, 732 W 76th Street provides convenient access to major employment and lifestyle hubs including Downtown Los Angeles, Culver City, Santa Monica, and the South Bay. With strong in-place cash flow, efficient operating fundamentals, and meaningful value-add potential, the property represents an attractive acquisition opportunity for investors seeking stable returns in one of South Los Angeles’ most active multifamily submarkets.
Investment highlights
- 11.71% Pro Forma Cap Rate: Clear path to $206,400 Gross Potential Rent through strategic renovations.
- 8.27% In-Place Cap Rate: Strong immediate cash flow with an in-place NOI of $108,427.
- Renovation Head Start: 37.5% of units (3 of 8) are already renovated, de-risking the business plan.
- Strategic South LA Location: Direct commute to aerospace hubs; 4 miles from USC and Hollywood Park.
- Strong Market Fundamentals: Tight 2.5% - 3.5% vacancy rate with recorded 2.3% YOY rent growth.
- Excellent Unit Mix: Comprised of 6 (1-bedroom/1-bath) and 2 (2-bedroom/1-bath) units.
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