Four-Unit Apartment
For Sale
$850,000
150 W 76th St, Los Angeles, CA 90003
Two single-story buildings offer a mix of studios and two-bedroom units with on-site parking.
Property Size2,257 SF
Lot Size0.14 Acres
Price / SF$376.61
Days on Market47
Property Features for 150 W 76th St
General Information
Standard status
Active
Size
2,257 SF
Total Parking Spaces
4
Lot size
0.14 Acres
Property subtype
Multifamily
Financials
Cap Rate
9.19%
Gross Rent Multiplier
8.22
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x studio, 2 x 2BR
Multifamily Units
4
Amenities
The property is currently achieving a healthy income stream of more than $8,600 in scheduled rent per month.
Operating at a 9.19% scheduled cap rate and an 8.22 GRM, both stronger than the recent comparable sales in the surrounding submarket.
The 110 Freeway is half a mile west, putting Downtown LA seven miles north and the 105 three miles south for direct LAX and South Bay access.
Four open parking spaces on site.
A Walk Score of 73, with the 45 Metro local line and the Vermont/Main DASH both within a quarter mile and the 110 Freeway less than half a mile west.
Building Details
Building Size
2,257 SF
Year Built
1925
Buildings
2
Stories
1
Units
4
Listing Agency:
Marcus & Millichap
Listed By:
Sean Rosenzweig · License #License(s): CA: 01406343
(213) 943-1897
Source:
Marcusmillichap
Added: Aug 29
Changed: Oct 9
Last Checked: Oct 12 at 4:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
This four-unit apartment property in Los Angeles includes 2,257 square feet of improvements across two single-story buildings. The unit mix consists of two studios and two two-bedroom apartments, with four on-site parking spaces on a 6,300-square-foot parcel. The property was built in 1925 and is generating scheduled rental income.
Located in the Florence neighborhood, the property is west of Main Street and positioned between Florence Avenue and Manchester Avenue. The 45 Metro local line and Vermont/Main DASH are within a quarter mile, while the 110 Freeway is approximately half a mile west. Downtown Los Angeles is about seven miles north, and the 105 interchange is roughly three miles south, providing connections toward LAX and the South Bay. The property has a Walk Score of 73 and is offered with a 9.19% scheduled cap rate and an 8.22 GRM.
Located in the Florence neighborhood, the property is west of Main Street and positioned between Florence Avenue and Manchester Avenue. The 45 Metro local line and Vermont/Main DASH are within a quarter mile, while the 110 Freeway is approximately half a mile west. Downtown Los Angeles is about seven miles north, and the 105 interchange is roughly three miles south, providing connections toward LAX and the South Bay. The property has a Walk Score of 73 and is offered with a 9.19% scheduled cap rate and an 8.22 GRM.
Key Highlights
- Four‑unit mix with two studios and two two‑bedroom apartments
- 2,257 square feet of improvements in two single‑story buildings
- 6,300‑square‑foot parcel with four on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,094
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,880
$1.0M
Cap Rate 7%
$729,914
$729.9K
Cap Rate 9%
$567,711
$567.7K
Market Conditions
NOI Build-Up for 2,257 SF
Gross rent
$74.5K $33.00/SF
− Vacancy
−$1.5K −$0.66/SF
EGI
$73.0K $32.34/SF
− OpEx
−$21.9K −$9.70/SF
NOI
$51.1K $22.64/SF
Area
ZIP 90003
Vacancy
2.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,880
Cap Rate 7%
$729,914
Cap Rate 9%
$567,711
Alternative Uses
Best Use
Apartment 5plus
$39.90M
$34.91M – $46.55M
NOI $2,793,159 @ 7.0% cap · market cap 328.61%
Second Best
Multifamily LT 5
$729.9K
$638.7K – $851.6K
NOI $51,094 @ 7.0% cap · market cap 6.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,405
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two single-story buildings offer a mix of studios and two-bedroom units with on-site parking.
Where is this quadplex located?
The property is located at 150 W 76th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit mix with two studios and two two‑bedroom apartments; 2,257 square feet of improvements in two single‑story buildings; 6,300‑square‑foot parcel with four on‑site parking spaces
