945 W 76th St, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$1,198,000
945 W 76th St, Los Angeles, California 90044
0Bed
0Bath
3,603Sqft
5,592Lot
Year Built
1921
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
PW25216647
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,6 Pros.
One unit vacant, total current rent $8,728/month with a pro forma of $11,708/month once fully leased. At the $1,198,000 list price and assuming 25% operating expenses, this property delivers an estimated 6.6% current cap rate with upside to 8.8%. Featuring two brand-new ADUs, two fully rehabbed units, and one detached unit, each with modern finishes and separate meters. Recent construction and upgrades provide low-maintenance ownership and strong cash flow potential. Ideally located near USC, SoFi Stadium, and major freeways, 945 W 76th St offers investors a well-positioned asset with 1031 exchange potential and long-term appreciation.
Nearby schools
3/10
Raymond Avenue Elementary School
Public,•K-5•0.4mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.5mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.6mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.8mi
4/10
Manchester Avenue Elementary School
Public,•1-6•0.9mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•1.1mi
3/10
La Salle Avenue Elementary School
Public,•K-5•1.3mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.5mi
3/10
Loren Miller Elementary School
Public,•K-6•1.8mi
2/10
John Muir Middle School
Public,•6-8•1.1mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.2mi
1/10
Horace Mann Junior High School
Public,•6-8•1.2mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.3mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.0mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.2mi
2/10
George Washington Preparatory High School
Public,•9-12•2.4mi
9/10
Middle College High School
Public,•9-12•3.8mi
Price History
Date
Event
Price
09/17/25
Listing
$1,198,000
08/31/23
Sold
$510,000
Condition Rating
Excellent
Despite the original build year of 1921, the listing explicitly states the property features 'two brand-new ADUs, two fully rehabbed units, and one detached unit, each with modern finishes and separate meters.' The interior images provided show new-looking light-colored laminate/engineered wood flooring, fresh white paint, modern flush-mount and recessed lighting, and updated electrical panels, all indicative of very recent and extensive renovations. While specific images of kitchens and bathrooms are not available, the description of 'modern finishes' and 'fully rehabbed units' strongly implies these key areas have also been brought up to current quality standards, with new appliances and fixtures. This aligns with the 'Excellent' criteria of being fully renovated recently with virtually new components and no deferred maintenance.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
High Cap Rate & Cash Flow: Offers an attractive 6.6% current cap rate with significant upside to 8.8% pro forma, indicating strong cash flow potential for investors.
Extensive Modern Upgrades: Features two brand-new ADUs and two fully rehabbed units with modern finishes, ensuring low-maintenance ownership and tenant appeal.
Strategic Location: Ideally located near USC, SoFi Stadium, and major freeways, enhancing tenant demand, accessibility, and long-term appreciation potential.
Immediate Income with Upside: Generates substantial current rental income of $8,728/month, with clear potential to increase to $11,708/month upon full occupancy.
Separate Utility Metering: All units, including ADUs, are equipped with separate meters, simplifying tenant billing and reducing owner's operating expenses.
Cons
Current Vacancy: One unit is currently vacant, requiring active leasing efforts to achieve the projected pro forma income and cap rate.
Original Structure Age: The main property was built in 1921; while units are rehabbed, the age of the original structure might present unforeseen maintenance challenges in non-renovated areas over time.
Rapid Price Appreciation: The property's list price represents a substantial increase from its last sale in 2023, which, despite extensive renovations, may warrant careful market comparison to ensure competitive pricing.