542 W 76TH Street, Los Angeles, CA 90044
Property · 2 recorded sales since 2019
Sold July 2022
Listing Agent: Filip Niculete (DRE #01905352) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Deborah Perkins · Corcoran Global Living · MLS #22120485 · Source: CRMLS
About this property
We are pleased to present these 6-units located at 542 West 76th Street in the 90044 zip code of Los Angeles. The subject property sits on a 7,000 square foot parcel and consists entirely of 2 Bedroom / 1 Bathroom units.Two of the six units have been recently renovated and rented for significantly more than what they were being rented for previously. This would be a great model for the next investor to follow as a great way to increase income and add value to the property. Another value-add strategy the new investor could consider would be to allocate the space behind the structure for an ADU, which are now being widely approved by the city and come with far less hurdles during the permitting process.The subject property resides within close proximity to the I-110 Freeway, offering tenants the ability to easily access nightlife, dining, entertainment, and so much more of what the city has to offer. With proper strategy and sound execution, 542 West 76th Street could become a cash flow machine with the potential to appreciate significantly over time.
Listing description from the July 2022 sale, as reported to CRMLS.
Sale history
