317 W 76th Street, Los Angeles, CA 90003
Local realty services provided by:ERA Excel Realty
317 W 76th Street,Los Angeles, CA 90003
$889,000
- 9 Beds
- 5 Baths
- 3,820 sq. ft.
- Multi-family
- Active
Listed by:brandon evans
Office:lyon stahl investment real estate, inc.
MLS#:25577253
Source:CRMLS
Price summary
- Price:$889,000
- Price per sq. ft.:$232.72
About this home
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 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.
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Home facts
- Year built:1964
- Listing ID #:25577253
- Added:50 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:5
- Living area:3,820 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1964
- Building area:3,820 sq. ft.
- Lot area:0.13 Acres
Finances and disclosures
- Price:$889,000
- Price per sq. ft.:$232.72
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