725 W 77th ST Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,398 sqft
Price per Sqft $317
MLS Listing ID SR24081976
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1928
Lot Size 7,000 Sqft
Acres 0.1607
Property Description
Vinco Vinco Realty Group (VVRG) is pleased to present 725 W 77th Street, a 9-unit investment property with substantial value-add potential. Perfectly situated in the vibrant heart of South Los Angeles, near Exposition Park and Inglewood, this property comprises eight studios and one two-bedroom unit. Additionally, a two-car garage at the rear of the property presents a unique opportunity for conversion into an Accessory Dwelling Unit (ADU), further enhancing its value. Upon stabilizing at market rent levels, this asset can achieve a CAP Rate exceeding 10%. The building spans 3,398 square feet and sits on a 7,000-square-foot lot.
Located in the highly sought-after Vermont Knolls area, this property is an exceptional investment opportunity, ideally situated near Downtown Los Angeles, USC/Exposition Park, and the rapidly developing city of Inglewood. Home to major attractions such as SoFi Stadium, Kia Forum, and Exposition Park, and close to employment hubs like Los Angeles International Airport and West LA, it appeals to a diverse range of renters.
Benefitting from convenient access to key freeways including I-10, I-110, US-101, and I-5, as well as public transportation options, the property offers seamless connectivity across Los Angeles. Its strategic location, combined with cultural vibrancy and proximity to entertainment and employment centers, makes it a compelling choice for investors and residents aiming to capitalize on the area’s growth potential.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR3
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Fence Wrought Iron
Pool None
Community Features Storm Drain(s),Street Lights,Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
Architectural Style Bungalow
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 6020019021
Security Features Smoke Detector(s)
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,Fannie Mae
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,Fannie Mae
Special Listing Condition Standard