We are pleased to present 317 W 76th St, a value add 5-unitapartment community located in the Florence neighborhood of South Los Angeles, CA. The property is comprised of an excellentunit mix of (4) 2 bed / 1 Bath units and(1) 1 Bed/1 Bath unit. There are currentlythree (3) Section… Read More 8 tenants in place, of which 2bedroom unit currently leased for $2,573. Thereare two units that are significantly below market,offering major upside upon turnover. Section 8Voucher Payment Standards (per HACLA Tier 1)are currently at $2,748 for 2-bedroom units as of7/2025. The gated property also sits on a 5,880square feet lot with rear and side alley access and parking for 4 vehicles. The property will be delivered with (1) vacancy (2 bed / 1 bath) and upon a lease of $2,400, the building will yield a gross monthly income of $8,271.52, or $99,258 annually. The opportunity will yield an investor an over 7%annual return with approximately 39% remaining rental upside. 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. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Beds
9
Square Ft.
3,820
Lot Size
0.14 Acres
Year Built
1964
MLS Number
25577253
30 Days Snapshot Of 90003
$605k
0%
(avg) sold price
107
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
3,820 sq ft, Built in 1964, Levels: Two
Cooling
Wall Unit(s)
Disclosures
None
Floors
Laminate
Garage
Gated, Driveway Gate, Driveway
Heating
Wall
Lot
LotAcreage: 0.135, LotSizeArea: 5,882
Parking
TotalParking: 4
Pool
PoolYN: False, None
Property
NumberOfUnits: 5, Zoning: LAR2
Spa
Has spa, None
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