$1,025,000
SOLD DEC 30, 2024

1212 E 76th Place Los Angeles, CA 90001

8 Beds
8 Baths
4,650 Sq Ft
5,431 Sq Ft Lot

Recently Sold

$220 Per Sq Ft

5% Below List Price

61 Days on Market

About This Home

As of December 2024

We are pleased to present the opportunity to acquire 1212 E 76th Place, an 8-unit multifamily property located in the Florence-Firestone neighborhood of unincorporated South Los Angeles. Built in 1926, this two-story building offers 4,650 square feet and occupies a 5,431 square-foot lot. The property comprises (8) 1 Bedroom-1 Bathroom units and will be delivered with (2) vacant units. Each unit is equipped with individual water heaters and is separately metered for gas and electricity allowing for the ability to control utility costs. The average rent for the (6) occupied units is $1,083 per unit and offers a potential investor with approximately 64% upside in rental income. Buyers are encouraged to verify all building records and data for accuracy. Located south of E. Florence Avenue and east of S. Central Avenue, the subject property is centrally located in the heart of South Los Angeles and is a short distance from the 110 and 105 Freeways, providing access throughout all Greater Los Angeles. Tenants can also access multiple bus stops along S. Central Ave.

Last Agent to Sell the Property

Sevak Keshishian

Marcus & Millichap License #01887505 Listed on: 09/25/2024

Last Buyer's Agent

Sevak Keshishian

Marcus & Millichap License #01887505 Listed on: 09/25/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 5,431 Sq Ft Lot
  • Gated Home

Interior Spaces

  • 4,650 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units
  • Vacancy Allowance $3,636

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 6024-012-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4650
  • Lot Acreage: 0.1247
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 231.18

Exterior Features

  • Other Structures: None

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Electric
  • Security: Gated
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 70.97
  • Assessed Improvement Value: 33902
  • Assessed Land Percent: 29.03
  • Assessed Land Value: 13870
  • Total Assessed Value: 47772
  • Assessor Parcel Number: 6024-012-003
  • Lot Size Area: 5431

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 8.87
  • Number Of Units: 8
  • Total Annual Expense: 41383
  • Type Of Units: Standard
  • Vacancy Allow: 3636
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Sold $1,025,000 -4.7% $220 / Sq Ft
11/25/2024 11/25/24 Pending -- -- --
09/25/2024 09/25/24 For Sale $1,075,000 -- $231 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-445213

The MLS