CA > Los Angeles
Los Angeles, CA 90003,317 W 76th St
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$889,000
Est. payment /mo
9 Beds
5 Baths
3,820 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,820 sqft

Price per Sqft $232

MLS Listing ID 25577253

Bedrooms 9

Year Built 1964

Lot Size 5,882 Sqft

Acres 0.135

Property Sub-Type Multi-Family

Property Description

We are pleased to present 317 W 76th St, a value add 5-unitapartment community located in the Florence neighborhood of South Los Angeles, CA. The property is comprised of an excellentunit mix of (4) 2 bed / 1 Bath units and(1) 1 Bed/1 Bath unit. There are currentlythree (3) Section 8 tenants in place, of which 2bedroom unit currently leased for $2,573. Thereare two units that are significantly below market,offering major upside upon turnover. Section 8Voucher Payment Standards (per HACLA Tier 1)are currently at $2,748 for 2-bedroom units as of7/2025. The gated property also sits on a 5,880square feet lot with rear and side alley access and parking for 4 vehicles. The property will be delivered with (1) vacancy (2 bed / 1 bath) and upon a lease of $2,400, the building will yield a gross monthly income of $8,271.52, or $99,258 annually. The opportunity will yield an investor an over 7%annual return with approximately 39% remaining rental upside. 317 W 76th St is centrally located just 4 miles from USC and Downtown with convenient access to the 110 freeway and walkability to local amenities along Broadway and Florence Avenue. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Location

State CA

County Los Angeles

Area Metropolitan South

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Flooring Laminate

Equipment None

Exterior

Parking Features Gated, Driveway Gate, Driveway

Garage Spaces 4.0

Pool None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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+1(424) 214-0133

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