
Los Angeles, California 90044
This Section 8-Backed Multifamily Asset is a strategic acquisition listed at $950,000, representing a fair and stable entry at its $950,000 Fair Market Value. Built in 1991, this Quadruplex maintains a Condition Score of 3 with updated granite kitchens and modern flooring. The asset delivers a stable 5.38% cap rate with 75% occupancy, providing immediate government-guaranteed income and upside via the final unit's lease-up. Proximity to SoFi Stadium and the top-rated Middle College High School ensures sustained demand for Buy-and-Hold Investors or Portfolio Diversifiers.
Property is move-in ready.
Built in 1991, this quadruplex has been well-maintained and features significant interior updates that elevate it above the 'fair' category. Interior images reveal modern wood-look tile and laminate flooring, updated dark wood cabinetry, granite countertops, and contemporary mosaic tile backsplashes in the kitchens. The bathrooms have also been refreshed with granite vanities and updated tile surrounds. While some elements like popcorn ceilings remain, the overall condition is move-in ready with major systems appearing functional and updated within the last 5 to 15 years.
High School: Middle College High School (9/10).
The property is backed by Section 8 housing, providing a stable and government-guaranteed revenue stream that offers significant downside protection for investors.
Ideally situated near major demand drivers including SoFi Stadium, USC, and the I-110 freeway, ensuring high tenant demand and long-term appreciation potential.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3700, other record living area = 2884.
The majority of assigned public schools in the immediate area have low ratings (mostly 2/10), which may limit the property's appeal to families prioritizing education.
The current 75% occupancy rate means the asset is not fully stabilized, requiring the new owner to undertake immediate leasing efforts and management transitions.
Calvary Realty is pleased to present a Section 8–backed multifamily investment located at 743 W 77th St, Los Angeles, CA, within the Los Angeles–Long Beach–Anaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. The property is offered at $950,000, representing an existing cap rate of 5.38% and a price per square foot of $256.90, positioning it as an accessible entry point into a highly coveted Los Angeles submarket. Originally built in 1991, the asset sits on 0.16 acres and consists of a single two-story concrete building totaling 3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ide protection and the opportunity for rental upside through improved operations and lease-up. The property is strategically located near the intersection of S Hoover Street and W 77th Street, offering excellent accessibility just adjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes from major demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10 miles east of LAX. With strong visibility, proximity to major employment and entertainment hubs, and long-term housing demand fundamentals, this offering represents a compelling opportunity to acquire a stabilized income-producing asset with upside potential in one of the most resilient rental markets in the country.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.6 mi
Grades K-5 • 0.7 mi
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 | 3,700 | 2,461 | 80% |
| Lot Size | 6,762 | 6,627 | 60% |
| Price | $950.0K | $850.0K | 60% |
| Price per sq ft | $257 | $361 | 20% |
| Built year | 1991 | 1941 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 113 | 113 | 60% |
Dec 30, 2025
$950,000
Initial Listing