Property profile & analytics
725 77th St Los Angeles, CA 90044-6055
- Apartment buildings
- 3,398 SF
- 0.16 lot acres
OFF-MARKET
Last Sale
Jan 09, 2025
Jan 09, 2025
$1,080,000
Value Estimations
$1,020,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US09-6466274
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Apartment buildings
Property Details for 725 77th St
- Year built
- 1928
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 3,398 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 6020-019-021
- APU
- 6020019021
Description
This exceptional 9-unit apartment building presents a compelling value-add opportunity in the vibrant South Los Angeles neighborhood of Vermont Knolls. Located at 725 W 77th Street, Los Angeles, CA 90044, this property offers significant upside potential. The 3,398 square foot building, constructed in 1928, sits on a 7,000 square foot lot and features eight studios and one two-bedroom unit, currently boasting 100% occupancy. The property's current Net Operating Income (NOI) is $39,544, yielding a 3.66% cap rate. However, with a pro-forma NOI of $114,211, a substantial increase is projected, resulting in a pro-forma cap rate exceeding 10.58%. The asking price is $1,080,000, translating to a low price per unit of $120,000. The property is zoned R3 and includes a two-car garage, presenting a unique opportunity for conversion into an Accessory Dwelling Unit (ADU). Its prime location near Exposition Park, Inglewood, and major freeways (I-10, I-110, US-101, and I-5) offers convenient access to employment centers, public transportation, and entertainment venues such as SoFi Stadium and the Kia Forum. This fee-simple ownership opportunity is ideal for investors seeking to capitalize on a property with substantial rental upside in a rapidly developing area. The property is offered as a 1031 exchange opportunity. While local ordinances may present some stabilization challenges, the high turnover rate facilitated by the predominantly studio unit mix could expedite reaching market rent levels.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $896,000
Market price range: $362k - $897k -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $675,000 Current use
- MEDICAL BUILDING
- $1,550,000 Change: +130% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,440,000 Change: +114% Conversion: Difficult
- WAREHOUSE, STORAGE
- $950,000 Change: +41% Conversion: Difficult
- RETAIL STORES
- $945,000 Change: +41% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $635,000 Change: -6% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.286
- Latitude
- 33.9701
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,175
$656,753
$190,454
$847,207
-
$0.00
$0.00
$0.00
