542 W 76TH ST Los Angeles CA 90044-6050

Amazing opportunity to acquire a recently renovated, six unit building in South Los Angeles with significant upside on rents. All units are two bedrooms with one bath, presenting a stable and in-demand unit mix that will command increasing rents for the foreseeable future. The property was recently improved with a new roof, new rain gutters, new sewer line cleanout, new electrical panels and paint. This property presents a tremendous opportunity to piggyback on the recent renovations; and, there may be an opportunity to maximize the 7,000 sf lot by adding an ADU for an additional stream of income and equity addition (buyer to verify). Located less than 4 miles to SoFi Stadium and 8 miles from LAX, this centrally located asset provides tenants with easy access to the remainder of Southern California via nearby 110, 105 and 10 freeways.

• Recently improved with a new roof, new rain gutters, new sewer line cleanout, new electrical panels, and new paint

• Opportunity to maximize the 7,000sf lot by adding an ADU for an additional stream of income

• $9,855.04 in actual monthly rents. Rent roll:

• Unit 1 (2/1): $1,495/mo

• Unit 2 (2/1): $1,408/mo

• Unit 3 (2/1): $1,248/mo

• Unit 4 (2/1): $987.04/mo

• Unit 5 (2/1): $2,600/mo

• Unit 6 (2/1): $2,117/mo

The LAAA Team of Marcus & Millichap is pleased to present these 6-units located at 542 West 76th Street in the 90044 zip code of Los Angeles. The subject property sits on a 7,000 square foot parcel and consists entirely of 2 Bedroom / 1 Bathroom units.

Two of the six units have been recently renovated and rented for significantly more than what they were being rented for previously. This would be a great model for the next investor to follow as a great way to increase income and add value to the property. Another value-add strategy the new investor could consider would be to allocate the space behind the structure for an ADU, which are now being widely approved by the city and come with far less hurdles during the permitting process.

The subject property resides within close proximity to the I-110 Freeway, offering tenants the ability to easily access nightlife, dining, entertainment, and so much more of what the city has to offer. With proper strategy and sound execution, 542 West 76th Street could become a cash flow machine with the potential to appreciate significantly over time.

• Built in 1957
• 2 Units Recently Renovated
• Value Add Opportunity
• Approx. 36% Upside in Rents
• Good Potential for ADUs
• Professionally Managed
• Proximate to Major Freeways
• 65 Walk Score