203 W 77th St Street W, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This Multi-Unit Residential Asset represents a strategic acquisition with a List Price of $969,000, reflecting the high demand for income-producing properties in Los Angeles. While the Fair Market Value is $857,813, the valuation accounts for the building's 6 fully occupied units and significant Value-Add Opportunity. Currently holding a Condition Rating of 5, the property features 11 bedrooms, City Lights views, and proximity to the LAPD 77th Division, offering immediate cash flow with substantial upside through modernization and potential alley-access parking. This is a prime acquisition for Buy-and-Hold Investors or Value-Add Specialists seeking long-term portfolio growth.
This Multi-Unit Residential Asset represents a strategic acquisition with a List Price of $969,000, reflecting the high demand for income-producing properties in Los Angeles. While the Fair Market Value is $857,813, the valuation accounts for the building's 6 fully occupied units and significant Value-Add Opportunity. Currently holding a Condition Rating of 5, the property features 11 bedrooms, City Lights views, and proximity to the LAPD 77th Division, offering immediate cash flow with substantial upside through modernization and potential alley-access parking. This is a prime acquisition
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 203 W 77th St Street W Subject | $969,000* List Price | 0 | 0 | 4,482 | $188 | - |
A 7500 Avalon Active | $1,075,000 List Price | 0 | 0 | 4,560 | $236 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960, this property is 64 years old and explicitly described as needing 'updating and improving.' The interior images reveal very dated elements, including dark, worn carpets and older-style tiling. The presence of a portable AC unit suggests a lack of central air conditioning, a significant system deficiency. The exterior shows signs of deferred maintenance with faded paint and cracked concrete. While livable, the property requires substantial rehabilitation, particularly in the kitchens and bathrooms (which are likely original or from a very old renovation), to meet modern standards of comfort and aesthetics.
The building is fully occupied, providing immediate and stable rental income for investors from day one.
Comprising 6 units with a total of 11 bedrooms and 6 bathrooms, the property offers a diversified income stream and significant rental capacity.
Described as 'Great for updating and improving' with 'large units and large rooms,' there's substantial potential to increase property value and rental income through strategic renovations.
Built in 1960, the property likely requires significant capital investment for modernization, system upgrades, and general improvements to maximize its potential and address deferred maintenance.
The presence of 'long-term tenants' often suggests current rental income may be below market rates, requiring strategic management or renovation to achieve higher returns.
While alley access offers future parking potential, the current parking availability for 6 units is not detailed, which could be a challenge for tenants in a dense urban environment.
GREAT INVESTMENT BUILDING IS FULLY OCCUPIED, Large units with large rooms. Great for updating and improving CLEAN STREET LAPD 77TH DIVISION 3 DOORS DOWN FROM THE APARTMENT BUILDING CLEAN STREET 6 UNITS IN ALL 11 BEDROOMS /6 BATHROOMS. ALLEY ACCESS IN THE REAR OF THE Building POSSIBLY COULD BE REOPENED FOR ADDITIONAL PARKING. Quiet building long-term tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.0 | 50% |
| Baths | 0.0 | 1.5 | 50% |
| Square foot | 4,482 | 3,071 | 50% |
| Lot Size | 6,300 | 4,408.5 | 50% |
| Price | $969.0K | $739.5K | 50% |
| Price per sq ft | $216 | $262 | 50% |
| Built year | 1960 | 1946 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 219 | 240 | 50% |
Mar 27, 2026
$969,000
$999,000
-3% Price Drop
Initial Listing
Oct 30, 2025
$999,000
Initial Listing