725 W 77Th St, Los Angeles, CA 90044
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725 W 77Th St Los Angeles, CA 90044

$1,080,000
  • 2 Beds
  • 9 Baths
  • 3,398 Sq.Ft.
For Sale
$1,080,000 Get Pre-Qualified

Map preview of 725 W 77Th St, Los Angeles, CA 90044

Property Overview: 725 W 77Th St Los Angeles, CA has 2 bedrooms, 9 bathrooms, 3,398 living square feet and 7,000 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: 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.

Listed by Christopher Martinez Diaz | BRE #01917060 | Vinco Vinco Realty & Investments Inc
Last checked: 3 minutes ago | Last updated: April 25th, 2024 | Source CRMLS | DOM: 19
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Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
1928
Garage
2 Car
Property Type:
Apartment
Status
Active
MLS#
SR24081976
City
Los Angeles
County
Los Angeles
Time on Site
22 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 3
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $680
  • Total Rent: $680
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $732
  • Total Rent: $732
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $680
  • Total Rent: $680
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $680
  • Total Rent: $680
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $680
  • Total Rent: $680
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $971
  • Total Rent: $971
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $680
  • Total Rent: $680
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $836
  • Total Rent: $836
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $528
  • Total Rent: $528
  • Pro Forma/Market Rent: $1,475
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $77,649
  • Net Operating Income: $39,544
  • Gross Operating Income: $75,319
Annual Expense Breakdown
  • Total Operating Expense: $35,775
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $4,470
  • Gardener: $1,200
  • Insurance: $2,549
  • Professional Management: $3,106
  • Water/Sewer: $5,100

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Property Details for 725 W 77Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 6020019021
  • Year Built Source: Assessor
  • Architectural Style: Bungalow
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: West of Hoover Along 77th Street
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
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Sale History for 725 W 77Th St

Last sold for $645,000 on January 30th, 2007
  • April, 2024

  • Apr 24, 2024

    Date

    Active

    CRMLS: SR24081976

    $1,080,000

    Price

  • March, 2024

  • Mar 9, 2024

    Date

    Expired

    CRMLS: CV23191912

    $1,280,000

    Price

  • Oct 14, 2023

    Date

    Active

    CRMLS: CV23191912

    $1,280,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION... LOCATION... LOCATION!!! A True GEM! This Opportunity will NOT Last! Incredible Opportunity to own a 9 unit Complex in Prime Los Angeles; #1- 2 bedroom and #8- 1 Bedroom units. Property is well maintained, several units have remodeled bathrooms, one of the buildings has a new roof, Newer Electrical Panels with extra space to add a meter for additional lights in and around the property, Each unit has a a/c wall/window unit, 2 parking spaces in the back. Near transportation, university/colleges, and freeways. Bonus Storage Space with working bathroom (not on record). All units tenant occupied. Live in the 2 unit back home and rent 8 units or expand, check zoning regulations.

  • January, 2007

  • Jan 30, 2007

    Date

    Sold (Public Records)

    Public Records

    $645,000

    Price

  • August, 2005

  • Aug 15, 2005

    Date

    Sold (Public Records)

    Public Records

    $620,000

    Price

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Tax History for 725 W 77Th St

Assessed Value (2020): $790,159
Year Land Value Improved Value Assessed Value
2020 $612,529 $177,630 $790,159

Home Value Compared to the Market

This property vs the competition

725 W 77Th St is listed 13.53% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $317.83 per/sqft which puts the price per square foot 58.94% lower than the median price per square foot for the city of Los Angeles.

About 725 W 77Th St

Detailed summary of property

725 W 77Th St is a apartment located in Los Angeles, CA 90044 and is currently for sale. This apartment offers 2 bedrooms, 9 bathrooms, roughly 3,398 living square feet, and sits on an approximately 7,000 square foot lot. 725 W 77Th St was first listed on ArdentRealEstateGroup.com on April 24, 2024. The homeowner is currently asking $1,080,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 13.53% lower than the median priced home. Local competing homes currently for sale include 210 W 77th St, 8715 Regina Court and 943 W 65th St. While the average home in Los Angeles, CA is selling in 94 days, 725 W 77Th St has a days on market of 19 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 725 W 77Th St Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 725 W 77Th St

Public county record property details
Beds
4
Baths
9
Year built
1928
Sq. Ft.
3,398
Lot Size
7,000
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
247
APN
6020-019-021

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$669,000
Median List Price/Sq.Ft.
$516
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
79
Median Sale to List Price %
105.57%
Avg Days on Market
76
Loan Type
Conventional (35.71%), FHA (35.71%), VA (0%), Cash (7.14%), Other (0%)

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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.