706 W 77th Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$998,900
706 W 77th Street, Los Angeles, California 90044
0Bed
0Bath
3,002Sqft
7,002Lot
Year Built
1920
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
DW25025993
Home ConditionFair
Features
Patio
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $998.9K(82th), sqft - 3002(76th), beds - undefined(50th), baths - undefined(50th).
Portfolio-Enhancing Asset with Strong Fundamentals: Investors seeking stable returns and long-term growth will appreciate this dual-property investment. The current pro forma projects a 7.24% cap rate (buyer to verify), driven by two well-maintained homes: a 3-bed/2-bath front house and a newer, 4-bed/3-bath rear house (built 2012). The oversized lot provides potential for future value appreciation and/or expansion. Benefit from separate utilities, minimizing landlord expenses, and ample parking, maximizing tenant satisfaction. Contact us for a detailed financial analysis and due diligence package.
Nearby schools
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.6mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.6mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.7mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.7mi
4/10
Manchester Avenue Elementary School
Public,•1-6•0.7mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•0.8mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.2mi
3/10
La Salle Avenue Elementary School
Public,•K-5•1.4mi
3/10
Loren Miller Elementary School
Public,•K-6•1.5mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•0.9mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.2mi
2/10
John Muir Middle School
Public,•6-8•1.2mi
1/10
Horace Mann Junior High School
Public,•6-8•1.5mi
3/10
John C. Fremont Senior High School
Public,•9-12•0.9mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.1mi
2/10
George Washington Preparatory High School
Public,•9-12•2.4mi
9/10
Middle College High School
Public,•9-12•3.6mi
Price History
Date
Event
Price
10/29/12
Sold
$395,000
09/13/11
Sold
$160,000
Condition Rating
Fair
The property consists of two houses, one built in 1920 and the other in 2012. The images show that the older house has been updated to some extent, but the kitchen and bathrooms appear dated. The newer house seems to be in better condition. Given the age of the original structure and the mixed condition of the two units, a 'Fair' rating is appropriate. It requires minor updates or repairs.
Pros & Cons
Pros
Investment Opportunity: Dual-property setup (3 bed/2 bath & 4 bed/3 bath) offers strong potential for rental income and stable returns.
Separate Utilities: Separate utilities for each unit minimize landlord expenses and simplify management.
Future Appreciation: Oversized lot provides potential for future value appreciation and/or expansion opportunities.
Cons
Year Built: The original house was built in 1920, which may require ongoing maintenance and potential upgrades.
Cap Rate Verification: The pro forma cap rate of 7.24% requires buyer verification, introducing a degree of uncertainty.