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317 W 76Th St, Los Angeles, CA 90003
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317 W 76Th St Los Angeles, CA 90003

$925,000
  • 9 Beds
  • 5 Baths
  • 3,820 Sq.Ft.
For Sale
$925,000 Get Pre-Qualified
Map preview of 317 W 76Th St, Los Angeles, CA 90003

Property Overview: 317 W 76Th St Los Angeles, CA has 9 bedrooms, 5 bathrooms, 3,820 living square feet and 5,882 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present 317 W 76th St, a value add 5-unit apartment community located in the Florence neighborhood of South Los Angeles, CA. The property is comprised of an excellent unit mix of (4) 2 bed/1 Bath units and (1) 1 Bed/1 Bath unit. There are currently two Section 8 tenants in place (2 bed/ 1 bath) with one of them currently leased for $2,467. There are two units that are significantly below market, offering major upside upon turnover. Section 8 Voucher Payment Standards (per HACLA) are currently up to $3,052 for 2-bedroom units as of 2/2024. The gated property also sits on a 5,880 square feet lot with rear and side alley access and parking for 4 vehicles.317 W 76th St is centrally located just 4 miles from USC and Downtown with convenient access to the 110 freeway and walkability to local amenities along Broadway and Florence Avenue. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600 and Section 8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Listed by Brandon Evans | BRE #02058494 | Rosano Partners
Last checked: 12 minutes ago | Last updated: September 17th, 2024 | Source CRMLS | DOM: 134

Home details

Lot Sq. Ft
5,882
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24391935
City
Los Angeles
County
Los Angeles
Time on Site
136 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,454
  • Total Rent: $5,817
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,719
  • Total Rent: $1,719
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.99%
  • Gross Rent Multiplier: 10.19
  • Gross Scheduled Income: --
  • Net Operating Income: $55,394
  • Gross Operating Income: $90,436
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 317 W 76Th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 6031010021
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 76th and Broadway
View more facts & features

Local Los Angeles Agent

Sale History for 317 W 76Th St

Last sold for $700,000 on October 11th, 2017

  • May, 2024

  • May 14, 2024

    Date

    Active

    CRMLS: 24391935

    $975,000

    Price

  • January, 2023

  • Jan 31, 2023

    Date

    Expired

    CRMLS: 22203284

    $1,000,000

    Price

  • Aug 30, 2022

    Date

    Active

    CRMLS: 22203284

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    317 W 76th St is a five-unit apartment building located in South Los Angeles just off the 110 Freeway between S Grand Ave and S Broadway. The property features a unit mix of one one bedroom and four two-bedrooms with four gated parking spaces; the units have all been renovated8 The building is separately metered for gas and electric. Potential to add community laundry for additional income

  • October, 2017

  • Oct 11, 2017

    Date

    Sold (Public Records)

    Public Records

    $700,000

    Price

  • April, 2017

  • Apr 12, 2017

    Date

    Sold (Public Records)

    Public Records

    $593,500

    Price

Show More

Tax History for 317 W 76Th St

Assessed Value (2020): $728,280
Year Land Value Improved Value Assessed Value
2020 $416,160 $312,120 $728,280

Home Value Compared to the Market

This property vs the competition

317 W 76Th St is listed 22.92% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771 and this home is listed at $242.15 per/sqft which puts the price per square foot 68.59% lower than the median price per square foot for the city of Los Angeles.

About 317 W 76Th St

Detailed summary of property

317 W 76Th St is a multi family located in Los Angeles, CA 90003 and is currently for sale. This multi family property offers 9 bedrooms, 5 bathrooms, roughly 3,820 living square feet, and sits on an approximately 5,882 square foot lot. 317 W 76Th St was first listed on ArdentRealEstateGroup.com on May 14, 2024. The homeowner is currently asking $925,000 and was originally asking $975,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 22.92% lower than the median priced home. Local competing homes currently for sale include 7612 S S Hoover St St, 6816 Denver Ave and 7011 Bonsallo Ave. While the average home in Los Angeles, CA is selling in 106 days, 317 W 76Th St has a days on market of 134 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 317 W 76Th St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 317 W 76Th St

Public county record property details
Beds
9
Baths
5
Year built
1964
Sq. Ft.
3,820
Lot Size
5,879
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
53
APN
6031-010-021

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
49
Median Sale to List Price %
103%
Avg Days on Market
31
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

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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.

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