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317 W 76th St, Los Angeles, CA 90003
$975,000
317 W 76th St, Los Angeles, CA 90003View this property at 317 W 76th St, Los Angeles, CA 90003
317 W 76th StLos AngelesCA90003
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Property Description
We are pleased to present 317 W 76th St, a value add 5-unit apartment community located in the Florence neighborhood of South Los Angeles, CA. The property is comprised of an excellent unit mix of (4) 2 bed/1 Bath units and (1) 1 Bed/1 Bath unit. There are currently two Section 8 tenants in place (2 bed/ 1 bath) with one of them currently leased for $2,467. There are two units that are significantly below market, offering major upside upon turnover. Section 8 Voucher Payment Standards (per HACLA) are currently up to $3,052 for 2-bedroom units as of 2/2024. The gated property also sits on a 5,880 square feet lot with rear and side alley access and parking for 4 vehicles.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 and Section 8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
Full Property Details
Full Property Details for 317 W 76th St
General
- Price: $975,000
- Status: Active
- Type: Multi-Family
- MLS ID: 24-391935
- Updated: 5/14/2024
- Added to Site: 19 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 9
Additional Information
- Security/Safety: Gated
- Other Features: None
Parking
- Garage Description: None
Location
- Area: Metropolitan South
- County: Los Angeles
- Cross Streets: 76th and Broadway
- Driving Directions: 76th and Broadway
Heating & Cooling
- Cooling Type: Wall/Window
- Heating Type: Wall
Utilities
- Water: Public
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 3,820
- Sq. Ft. Source: Assessor
- Year Built: 1964
- Year Built Source: Assessor
Unit Information
- Units in Complex: 5
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.135
- Lot Size: 5882
- Lot Size Source: Assessor
- Alley: Yes
- Zoning: LAR2
Financial Considerations
- Price Per Sq. Ft.: $255.24
- Price Per Unit: 195000
- Assessment Year: 1964
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 6031-010-021
Listed by Rosano Partners, Brandon Evans
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Schools
Schools serving 317 W 76th St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
142 W 75th St, Los Angeles, CA 90003 | K-6 | 0.2 mi | |
155 W 69th St, Los Angeles, CA 90003 | 7-8 | 0.5 mi | |
8800 S San Pedro St, Los Angeles, CA 90003 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 317 W 76th St
Date
Details
Price
Change
Source
5/14/2024
Listed
$975,000
39.29%
MLS
9/20/2017
Sold
$700,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 317 W 76th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,103
5%
$765,550
2%
2022
$9,660
1%
$750,540
2%
2021
$9,531
-1%
$735,824
1%
2020
$9,618
4%
$728,280
2%
2019
$9,263
1%
$714,000
2%
2018
$9,173
30%
$700,000
32%
2017
$7,074
7%
$530,000
7%
2016
$6,581
—
$494,000
—
2015
$6,582
-3%
$494,000
—
2014
$6,751
20%
$494,000
24%
2013
$5,618
—
$400,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 317 W 76th St
317 W 76th St, Los Angeles, CA 90003 (MLS# 24-391935) is a Multi-Family property with units containing 9 bedrooms and 0 full bathrooms. 317 W 76th St is currently listed for $975,000 and was received on May 14, 2024. Want to learn more about 317 W 76th St? Do you have questions about finding other Multi-Family real estate for sale in Florence? You can browse all Florence real estate or contact a Coldwell Banker agent to request more information.