Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

1,884 sqft

Lot size

5,684 sqft

Year built

1959

Stories

1

Garage spaces

3

Pool

None

Status

Active

Days on market

48

MLS #

245852297

About this property

Major Fixer - Ideal for Investors, Flippers & Builders! 1524, 1526 & 1526 1/2 E 77th Place presents a three-unit*, value-add investment opportunity with significant renovation and repositioning potential. Located in the Florence-Graham neighborhood of South Los Angeles, the property consists of approximately 1,884 SF with 4 bedrooms and 3 bathrooms (per title) across three separate structures: the front main house (1524), rear units (1526 and 1526 1/2), and a detached three-car garage structure located between the front and rear buildings. The property is fully occupied by five tenants who are paying rent (Current Annual Gross Income - $50,220). The three garage spaces have been converted to occupied living units; buyer to independently verify all permits, plans, square footage, unit count, legal use, and property configuration. Well suited for an investor, owner-user, flipper, or builder seeking a multifamily renovation, fix-and-flip, or longer-term value-add opportunity.

Location

1526 E 77th Place

Los Angeles, Los Angeles, CA, 90001