
Los Angeles, California 90044
This triplex presents a Strong Value Opportunity with a List Price of $725,000—positioned well below the $801,161 Fair Market Value by 9%. This valuation gap offers $76,161 in Instant Equity. Featuring a Condition Rating of 4, the property offers significant Development Potential for a 13-unit multifamily project on the Vermont Corridor. With a 7.95% cap rate and 11.36% yield, this is a high-performing asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking immediate cash flow and long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7705 S Vermont Avenue Subject 0 bd · 0 ba · 2,540 sqft · $315 | $725,000* List Price | 0 | 0 | 2,540 | $315 | - |
A 6605 Denver Sold 0 bd · 0 ba · 2,332 sqft · $241 · 0.8 mi | $563,000 | 0 | 0 | 2,332 | $241 | 0.8 mi |
B 639 W Gage Avenue Sold 0 bd · 0 ba · 1,830 sqft · $344 · 1.0 mi | $630,000 | 0 | 0 | 1,830 | $344 | 1.0 mi |
C 860 860 W. 73rd St. Pending 0 bd · 0 ba · 2,275 sqft · $305 · 0.3 mi | $695,000 List Price | 0 | 0 | 2,275 | $305 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1921, the property features three units that have undergone partial renovations approximately 15-20 years ago, evidenced by the laminate flooring, tile, and granite-style countertops. While functional and currently income-generating, the property is dated, shows significant wear from high-occupancy use, and exhibits deferred exterior maintenance such as rusted fencing and unlandscaped grounds. It lacks modern central systems and requires cosmetic and minor structural updates to meet current market standards.
High School: Middle College High School (9/10).
The property boasts a high 7.95% capitalization rate and an 11.36% gross rental yield, offering superior cash flow potential compared to standard Los Angeles multi-family assets.
Located on the Vermont Corridor, the lot offers the opportunity to redevelop into a 13-unit multifamily project, providing substantial long-term equity upside.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2540, other record living area = 2074.
Built in 1921, the century-old structures likely require ongoing maintenance and potential capital improvements to modernize major systems and ensure structural longevity.
The majority of the assigned public schools for this address have low performance ratings, which may limit the property's appeal to families and impact residential tenant stability.
Massive price cut investors cash flowing property act now. 3 separate Homes on 1 Lot Corner Property with current $82,380 annual gross income. Capitalization rate 7.95% Gross rent multiplier (GRM) 8.80× Gross rental yield 11.36% Price per home $241,667 1000 W. 77th St, 7707 & 7705 S. Vermont Ave, Los Angeles, CA 90044 Or develop additional units : Development Opportunity Build 13 units of Multifamily on the Vermont Corridor with 20% Affordable Housing. Welcome to this unique triplex property featuring three separate homes on one lot, ideal for extended families, owner-occupants looking for rental income, or savvy investors seeking a great opportunity in South Los Angeles! Main Home – 1000 W. 77th St A spacious 4-bedroom, 2-bathroom single-family residence with a generous layout perfect for comfortable living. Enjoy the large front yard, ideal for outdoor activities, and the privacy of a corner location. Second Unit – 7707 S. Vermont Ave A charming 1-bedroom, 1-bath detached home, offering great potential as a rental unit or guest house, with its own private entrance and separation from the main house. Third Unit – 7705 S. Vermont Ave A cozy studio unit in a separate structure, perfect for a rental, home office, or additional living space. This property is well-suited for multi-generational living or maximizing rental income. Conveniently located near public transit, local shops, schools, and just minutes from Downtown LA, this triplex offers flexibility, functionality, and future upside in an emerging neighborhood. Property Highlights: Spacious 4-bed/2-bath main home with large front yard Detached 1-bed/1-bath unit Separate studio unit Corner lot with excellent street visibility Great for family compound or investment property Close to schools, shopping, and transportation Don’t miss this incredible opportunity to own a versatile, income-generating property in the heart of South LA!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,540 | 2,090.331 |
| Lot Size | 4,980 | 5,852.908 |
| Price | $725.0K | $830.9K |
| Price per sq ft | $285 | $394 |
| Built year | 1921 | 1928 |
| HOA | $0 | $0 |
| Days on market | 34 | 87 |
Oct 6, 2026
$725,000
Initial Listing
Mar 29, 2018
$500,000
Public Record
Jun 4, 2012
$295,000
Public Record
Feb 22, 2005
$360,000
Public Record