Image 2 for 2023 E 76th Pl, Los Angeles, CA 90001

View Photos

2023 E 76th Pl Los Angeles, CA 90001

$865,000 Sold Price as of 11/17/2021

7 Beds
4 Baths
2,224 Sq.Ft.

Sold

$865,000 Sold Price as of 11/17/2021 Refinance Your Mortgage

Refinance Your Mortgage

Map preview of 2023 E 76th Pl, Los Angeles, CA 90001

Property Overview: 2023 E 76th Pl Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,224 living square feet and 6,405 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A once in a lifetime VALUE ADD property is now available for sale!! This amazing four-unit property features a 3 BR 1 Bath single-family residence, a Duplex that has (2) 1 Bedroom, 1 Bath units, and a 2 bedroom, 1 bath single-family residence that has been completely renovated!! Additionally, all four units have recently upgraded electrical panels. With parking for 8 spaces this property is truly an investor's delight and can be the centerpiece of any investors portfolio. Despite the COVID pandemic, ALL tenants have been paying and are on time with their rent. FMV Cap rate 7.5% (current is 5.5%) with a FMV GRM of 10.3 (Current 12.99%). Don't walk, RUN to this opportunity before it passes you by!!

Listed by Herbert Diaz | BRE #01458024 | PLF Real Estate Solutions

Last checked: 8 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft: 6,405
HOA Dues: $0/mo
Year built: 1920
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: DW21167246
City: Los Angeles
County: Los Angeles
Time on Site: 1009 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 3
# of Electric Meters: 4
# of Gas Meters: 4
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,300
Total Rent: $15,600
Pro Forma/Market Rent: $2,200

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,400
Total Rent: $28,800
Pro Forma/Market Rent: $2,800

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,750
Total Rent: $21,000
Pro Forma/Market Rent: $1,850

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.5%
Gross Rent Multiplier: --
Gross Scheduled Income: $65,400
Net Operating Income: $60,710
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $17,931
Electric: $0
Gas/Fuel: $0
New Taxes: $10,625
Trash: $1,440
Insurance: $850
Professional Management: $2,616
Water/Sewer: $2,400

Property Details for 2023 E 76th Pl

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 8

Lot Information

Lot Features: Lot 6500-9999
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 4
Parcel Number: 6025018021
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Assessment Information

Has Assessments
Assessments: Unknown

Location / Neighborhood

Location Information

Directions: Take Florence Blvd to Crocket Blvd to E 76th Pl.

Neighborhood Information

Community Features: Urban

View more facts & features

Local Los Angeles Agent

Sale History for 2023 E 76th Pl

Last sold for $865,000 on November 17th, 2021

August, 2021
Aug 23, 2021

Date

Active Under Contract

CRMLS: DW21167246

$849,900

Price
Jul 30, 2021

Date

Active

CRMLS: DW21167246

$849,900

Price
October, 2020
Oct 26, 2020

Date

Leased

CRMLS: DW20206678

$1,750

Price
Oct 20, 2020

Date

Withdrawn

CRMLS: DW20206678

$1,750

Price
Oct 16, 2020

Date

Price Change

CRMLS: DW20206678

$1,750

Price
Oct 8, 2020

Date

Price Change

CRMLS: DW20206678

$1,850

Price
Oct 8, 2020

Date

Price Change

CRMLS: DW20206678

$1,950

Price
Oct 2, 2020

Date

Active

CRMLS: DW20206678

$2,100

Price
Listing provided courtesy of CRMLS

Newly renovated 2BR 1 Bath home with a private entrance and large front lot. Washer and dryer hook-ups included! Water and trash paid for; you only pay the electric and gas bill! From the flooring to the kitchen cabinetry, this unit is fully renovated and move-in ready. The property features a large front patio and driveway area with space for 4 or more cars. There is also a brand new water heater for this home. This home is a detached single unit on a 4 unit lot with a private entrance and driveway.

Continue Reading
July, 2020
Jul 4, 2020

Date

Sold

CRMLS: DW20013593

$770,000

Price
Jun 6, 2020

Date

Active Under Contract

CRMLS: DW20013593

$750,000

Price
Apr 15, 2020

Date

Pending

CRMLS: DW20013593

$750,000

Price
Apr 15, 2020

Date

Sold

CRMLS: DW20013593

$770,000

Price
Feb 5, 2020

Date

Pending

CRMLS: DW20013593

$750,000

Price
Jan 20, 2020

Date

Active

CRMLS: DW20013593

$750,000

Price
Listing provided courtesy of CRMLS

Welcome to 2023 E 76th Place, the PERFECT Residential Investment opportunity! Nestled in the Mid-Los Angeles area, borderline Huntington and Walnut park, just miles outside of Downtown Los Angeles, many local eateries and shopping centers. This GREAT performing 4-Unit Apartment building could be that opportunity YOU have been waiting to get your hands on. With 3 buildings total, front/backyard areas, alley access, 8-total parking spots, located in the 90001 unincorporated part of Los Angeles, separate water heaters, and electrical meters, this property checks off a lot of boxes on the must haves list. 2023 E 76th Place, is PERFECT for that FIRST TIME HOME BUYER looking to rent one, and live in the other, or that SEASONED DOOR HUNTER looking to add another to the PORTFOLIO. Act now, this opportunity won't last for long!

Continue Reading
July, 2020
Jul 2, 2020

Date

Sold (Public Records)

Public Records

$770,000

Price
April, 1994
Apr 13, 1994

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2023 E 76th Pl

Assessed Value (2020): $259,986

Year	Land Value	Improved Value	Assessed Value
2020	$89,129	$170,857	$259,986

Home Value Compared to the Market

This property vs the competition

2023 E 76th Pl sold on November 17, 2021 for 28.58% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $382.15 per/sqft which puts the price per square foot 49.38% lower than the current median sale per square foot for the city of Los Angeles.

About 2023 E 76th Pl

Detailed summary of property

2023 E 76th Pl is a multi family that recently sold in Los Angeles, CA 90001. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 2,224 living square feet, and sits on an approximately 6,405 square foot lot. 2023 E 76th Pl was first listed on ArdentRealEstateGroup.com on July 30, 2021. The homeowner sold the property for $865,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 28.58% lower than the current median priced home. Local homes that are currently for sale include 1135 E 67th St, 1334 E 92nd St and 1158 E 88th Pl. While the average home in Los Angeles, CA is selling in 96 days, 2023 E 76th Pl has a days on market of 25 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2023 E 76th Pl Los Angeles, CA 90001 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2023 E 76th Pl

Public county record property details

Beds: 6
Baths: 4
Year built: 1920
Sq. Ft.: 2,224
Lot Size: 6,405
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 73
APN: 6025-018-021

The source for these homes facts are from public records.

90001 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$589,999

Median List Price/Sq.Ft.

$540

Median Sold Price

$575,000

Median Sold Price/Sq.Ft.

$506

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (14.29%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 2023 E 76th Pl

Nearby Homes for Sale

Recently Sold Homes Near 2023 E 76th Pl

$550,000 Last Sold Price

4 Beds

3 Baths

1836 Sq.Ft.

2038 E 76th St
Los Angeles, CA 90001

$708,000 Last Sold Price

6 Beds

3 Baths

2636 Sq.Ft.

2021 E 77th St
Los Angeles, CA 90001

$665,000 Last Sold Price

5 Beds

2 Baths

1648 Sq.Ft.

2039 E 78th St
Los Angeles, CA 90001

$525,000 Last Sold Price

5 Beds

4 Baths

1528 Sq.Ft.

1935 E 78th St
Los Angeles, CA 90001

Related Resources to 2023 E 76th Pl

New Listings in 90001

Popular Zip Codes

Popular Cities

Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.