725 W 77th Street, Los Angeles, CA 90044 (MLS # SR24081976)
Vinco Vinco Realty Group (VVRG) is pleased to present 725 W 77th Street, a 9-unit investment property with substantial value-add potential. Perfectly situated in the vibrant heart of South Los Angeles, near Exposition Park and Inglewood, this property comprises eight studios and one two-bedroom unit. Additionally, a two-car garage at the rear of the property presents a unique opportunity for conversion into an Accessory Dwelling Unit (ADU), further enhancing its value. Upon stabilizing at market rent levels, this asset can achieve a CAP Rate exceeding 10%. The building spans 3,398 square feet and sits on a 7,000-square-foot lot.Located in the highly sought-after Vermont Knolls area, this property is an exceptional investment opportunity, ideally situated near Downtown Los Angeles, USC/Exposition Park, and the rapidly developing city of Inglewood. Home to major attractions such as SoFi Stadium, Kia Forum, and Exposition Park, and close to employment hubs like Los Angeles International Airport and West LA, it appeals to a diverse range of renters.Benefitting from convenient access to key freeways including I-10, I-110, US-101, and I-5, as well as public transportation options, the property offers seamless connectivity across Los Angeles. Its strategic location, combined with cultural vibrancy and proximity to entertainment and employment centers, makes it a compelling choice for investors and residents aiming to capitalize on the areaās growth potential.
Property Type(s):
Residential Income
Last Updated
|
4/24/2024
|
Year Built
|
1928
|
Community
|
Los Angeles Southwest
|
Garage Spaces
|
2.0
|
County
|
Los Angeles
|
Additional Details
AREA |
Los Angeles Southwest |
BUYER'S BROKERAGE COMPENSATION |
2.000 % |
GARAGE |
Yes |
LOT |
7000 sq ft |
LOT DESCRIPTION |
6-10 Units/Acre |
POOL DESCRIPTION |
None |
SEWER |
Public Sewer |
STORIES |
1 |
STYLE |
Bungalow |
WATER |
Public |
ZONING |
LAR3 |
Location
Listed with Vinco Vinco Realty & Investments Inc
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