Los Angeles, CA 90044,725 W 77th ST
Los Angeles, CA 90044,725 W 77th ST
Los Angeles, CA 90044,725 W 77th ST
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$1,080,000
Est. payment /mo
7,000 Sqft Lot

UPDATED:

10/18/2024 06:25 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SR24081976

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1928

Lot Size 7,000 Sqft

Property Description

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 area’s growth potential.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAR3

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 2.0

Garage Description 2.0

Fence Wrought Iron

Pool None

Community Features Storm Drain(s), Street Lights, Sidewalks

Total Parking Spaces 2

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Sewer Public Sewer

Water Public

Architectural Style Bungalow

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 6020019021

Security Features Smoke Detector(s)

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae

Special Listing Condition Standard


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California Regional MLS (CRMLS)
Listed by Christopher Martinez Diaz • Vinco Vinco Realty & Investments Inc • 323-481-8517

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Marissa Perez

+1(760) 899-9591

Broker | License ID: 01814964

Broker License ID: 01814964

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