219 E 76th, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This Strong Value Opportunity is a versatile Triplex listed at $800,000, positioned well below the $861,765 Fair Market Value by 7%. This valuation gap provides $61,765 in Instant Equity. Featuring a Mint Condition Rating with modern interior finishes and separate utility meters, the property delivers a 7.7% CAP rate. The vacant front unit offers immediate occupancy, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through stable Section 8 rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 219 E 76th Subject | $800,000* List Price | 0 | 0 | 2,264 | $381 | - |
A 217 E 77th Street Sold | $905,000 | 0 | 0 | 2,120 | $427 | 0.1 mi |
B 431 W 81st St Sold | $920,000 | 7 | 3 | 2,539 | $362 | 0.7 mi |
C 146 W Gage Avenue Sold | $885,000 | 0 | 0 | 2,460 | $360 | 0.8 mi |
D 245 E 64th Active Under Contract | $880,000 List Price | 0 | 0 | 2,200 | $400 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features newly remodeled units with modern interior finishes, including white shaker cabinets, stone countertops with a waterfall edge, and updated laminate flooring. The presence of modern mini-split HVAC systems and recessed lighting indicates recent comprehensive updates (less than 5 years), placing it in mint, move-in-ready condition.
With a 7.7% CAP rate and a 10 Gross Rent Multiplier, this property delivers significantly higher financial returns and cash flow stability than the average Los Angeles multi-family investment.
The vacant, newly remodeled front unit allows an owner-occupant to move in immediately and utilize the existing Section 8 income from the other two units to cover the majority of mortgage expenses.
The property features a desirable standalone rear house and separate utility meters for all units, which reduces landlord overhead and enhances tenant privacy and retention.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2264, other record living area = 1248.
Built in 1924, the property may have aging structural or systemic components that could necessitate significant long-term maintenance or upgrades beyond the recent cosmetic remodels.
Housing three separate units on a 5,105 square foot lot results in limited outdoor living space and potentially restricted on-site parking for the multiple tenant households.
Introducing a remarkable investment opportunity—a versatile triplex perfect for investors or owner-users. The front unit is a newly remodeled 2-bed, 1-bath space, which is ready for immediate occupancy or tenancy. The middle unit, also remodeled, is currently rented for $2,420 under a Section 8 agreement, offering stable income. At the rear, a charming standalone 3-bed, 1-bath home includes in-unit laundry, rented for $1,822 to a Section 8 tenant. With the front unit rented, this triplex achieves an IMPRESSIVE 7.7% CAP RATE. Priced attractively at a 10 GROSS RENT MULTIPLIER, it yields an 8.1% ANNUAL ROI with just 25% down. For owner-users, this is an unbeatable opportunity to reside in the front unit while the rental income from the other units covers most of your mortgage and expenses. Seize this chance to own a property with separate meters and strong financials!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,264 | 2,284 | 50% |
| Lot Size | 5,105 | 5,204 | 36% |
| Price | $800.0K | $765.0K | 58% |
| Price per sq ft | $353 | $355 | 50% |
| Built year | 1924 | 1929 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 199 | 3% |
May 16, 2026
$800,000
Initial Listing
Feb 5, 2010
$255,000
Public Record
Sep 3, 2009
$115,000
Public Record
Nov 20, 2006
$520,000
Public Record