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804 76th Pl, Los Angeles, California 90001, Los Angeles, 90001 - 10 bed, 6 bath

804 76th Pl, Los Angeles, California 90001 home-pic-0
ACTIVE$1,225,000
804 76th Pl, Los Angeles, California 90001
10Beds
6Baths
3,793Sqft
5,099Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction & Modern Amenities: Built ground-up in 2022, the duplex features central heating, dual-pane windows, solid wood cabinets, granite counters, and solar electric systems, ensuring low maintenance and modern living standards.
Top Cons:
Neighborhood Perception: Located in the 90001 postal code, which, despite ongoing development, may still carry a perception of being a less premium or developing area compared to other parts of Los Angeles, potentially affecting long-term appreciation or tenant pool.

Compared to the nearby listings

Price:$1.23M vs avg $714.0K (+$511,000)93%
Size:3,793 sqft vs avg 1,323 sqft93%
Price/sqft:$323 vs avg $48414%

More Insights

Built in 2022 (3 years old).
Condition: This property is a ground-up construction completed in 2022, making it virtually brand new. The description highlights modern features such as central heating, dual-pane windows, solid wood cabinets, granite counters in the kitchen, and solar electric systems. The exterior images confirm a new, well-maintained building. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Year Built
2022
Close
-
List price
$1.23M
Original List price
$1.23M
Price/Sqft
$323
HOA
-
Days on market
-
Sold On
-
MLS number
NP25256442
Home ConditionExcellent
Features
View-

About this home

This duplex is a ground up construction completed by Ocean Development in 2022. Along with many others in the neighborhood being rebuilt and capturing top of the market rents with new attractions and development nearby. This property is ideal for investors seeking ease of management with attractive rental income. Currently leased at $7,500 monthly, mostly passive as the property has separate electric, gas, and water meters for tenants to pay their own utilities. Thoughtfully designed with one unit in front, and the second unit in back, the tenants live next to each other - not on top of each other. Each unit boasts large 5 Bedrooms and 3 Baths - approximately 1,857sqft each. Design features include central heating systems, dual pane windows, solid wood cabinets, granite counters in kitchen, solar electric systems and interior laundry room in each unit. Property includes a 3 car garage. An estimated 5.37 cap rate with below market rent tenants and no deferred maintenance. ASK ABOUT SELLER FINANCING OPTIONS AVAILABLE WITH 12% IRR!

Condition Rating
Excellent
This property is a ground-up construction completed in 2022, making it virtually brand new. The description highlights modern features such as central heating, dual-pane windows, solid wood cabinets, granite counters in the kitchen, and solar electric systems. The exterior images confirm a new, well-maintained building. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

New Construction & Modern Amenities: Built ground-up in 2022, the duplex features central heating, dual-pane windows, solid wood cabinets, granite counters, and solar electric systems, ensuring low maintenance and modern living standards.
Strong Investment Potential & Income: Currently leased at $7,500 monthly with an estimated 5.37% cap rate, and potential for increased rents (currently below market), making it highly attractive for investors seeking robust cash flow.
Low Management Burden: The property is designed for ease of management with separate electric, gas, and water meters for each unit, allowing tenants to pay their own utilities, reducing landlord overhead.
Spacious & Thoughtfully Designed Units: Each unit offers a generous 5 bedrooms and 3 bathrooms across approximately 1,857 sqft, with a front/back layout that enhances tenant privacy, appealing to larger families or co-living arrangements.
Flexible Financing Options: Seller financing options are available with a 12% IRR, providing a unique and potentially advantageous acquisition path for investors.

Cons

Neighborhood Perception: Located in the 90001 postal code, which, despite ongoing development, may still carry a perception of being a less premium or developing area compared to other parts of Los Angeles, potentially affecting long-term appreciation or tenant pool.
Undefined MLS Area: The MLS area is listed as '699 - Not Defined,' which could indicate a less established or recognized sub-market, potentially making comparative market analysis more challenging or suggesting a less premium location.
Lack of Scenic Views: The property explicitly states 'view: None,' indicating an absence of desirable scenic or city views, a feature often sought after and valued in the Los Angeles real estate market.

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