Duplex with Craftsman Bungalow
For Sale
$606,000
339 W 76th, Los Angeles, CA 90003
R2 zoning and a large rear yard provide room to evaluate additional residential development.
Property Size1,462 SF
Price / SF$414.50
Days on Market146
Property Features for 339 W 76th
General Information
Standard status
Active
Size
1,462 SF
Property subtype
MULTI_FAMILY
Zoning
R2
Property Condition
Severity
Repairs Needed
Evidence
Fixer
Site & Location
Neighborhood
Florence
Additional Details
Multifamily Units
2
Building Details
Building Size
1,462 SF
Year Built
1914
Construction
Craftsman Bungalow
Listing Agency:
Compass
Listed By:
The Carrabba Group
(323) 899-2900
Source:
Carrabbagroup
Added: Jun 4
Changed: Oct 26
Last Checked: Oct 26 at 12:56PM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,462-square-foot Craftsman bungalow was built in 1914 and is legally configured as a duplex, though it is currently arranged as one home. A buyer would need to restore the duplex configuration. The property is zoned R2 and includes a large rear yard; the source remarks identify potential for ADU development.
Key Highlights
- Legally a duplex, currently configured as one home
- 1,462 square feet; built in 1914
- R2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,097
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,940
$661.9K
Cap Rate 7%
$472,814
$472.8K
Cap Rate 9%
$367,744
$367.7K
Market Conditions
NOI Build-Up for 1,462 SF
Gross rent
$48.2K $33.00/SF
− Vacancy
−$965 −$0.66/SF
EGI
$47.3K $32.34/SF
− OpEx
−$14.2K −$9.70/SF
NOI
$33.1K $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%
$661,940
Cap Rate 7%
$472,814
Cap Rate 9%
$367,744
Alternative Uses
Best Use
Apartment 5plus
$25.85M
$22.62M – $30.16M
NOI $1,809,304 @ 7.0% cap · market cap 298.57%
Second Best
Multifamily LT 5
$472.8K
$413.7K – $551.6K
NOI $33,097 @ 7.0% cap · market cap 5.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,476
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - R2 zoning and a large rear yard provide room to evaluate additional residential development.
Where is this duplex located?
The property is located at 339 W 76th Los Angeles, CA.
What is the asking price?
The asking price for this property is $606,000.
What are key features of this property?
This property features: Legally a duplex, currently configured as one home; 1,462 square feet; built in 1914; R2 zoning
