Seller's Agent in 2022
Filip Niculete
Marcus & Millichap
(818) 357-9525
2 in this area
105 Total Sales
542 W 76th St Los Angeles, CA 90044
Vermont Knolls Neighborhood
12
Beds
6
Baths
4,128
Sq Ft
7,000
Sq Ft Lot
About This Home
As of July 2022We 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.
Last Agent to Sell the Property
Marcus & Millichap License #01905352 Listed on: 01/20/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 7,000 Sq Ft Lot
Parking
- Uncovered Parking
Home Design
- 4,128 Sq Ft Home
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 6020-020-005
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2022 07/07/22 | Sold | $1,325,000 | +1.9% | $321 / Sq Ft |
| 06/09/2022 06/09/22 | Pending | -- | -- | -- |
| 06/02/2022 06/02/22 | Price Changed | $1,300,000 | 0.0% | $315 / Sq Ft |
| 06/02/2022 06/02/22 | For Sale | $1,300,000 | -7.1% | $315 / Sq Ft |
| 05/27/2022 05/27/22 | Pending | -- | -- | -- |
| 04/04/2022 04/04/22 | Price Changed | $1,400,000 | -3.4% | $339 / Sq Ft |
| 02/24/2022 02/24/22 | Price Changed | $1,450,000 | -3.0% | $351 / Sq Ft |
| 01/20/2022 01/20/22 | For Sale | $1,495,000 | +53.3% | $362 / Sq Ft |
| 12/30/2019 12/30/19 | Sold | $975,000 | -0.5% | $236 / Sq Ft |
| 11/14/2019 11/14/19 | Pending | -- | -- | -- |
| 11/02/2019 11/02/19 | For Sale | $979,999 | -- | $237 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2022
Glen Scher
Marcus & Millichap
(818) 212-2700
1 in this area
43 Total Sales
-
Buyer's Agent in 2022
Deborah Perkins
Douglas Elliman
(310) 570-3200
3 in this area
11 Total Sales
-
A
Seller's Agent in 2019
Adrian Bates
A-1 Realty
-
N
Buyer's Agent in 2019
Nicole Johnson
Map
Source: The MLS
MLS Number: 22-120485
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