725 W 77th St - 9 Unit In South Los Angeles

Vinco Vinco Realty Group (VVRG) is pleased to present 725 W 77th Street, a 9-unit investment property with substantial value-add potential. Perfectly situated in the vibrant heart of South Los Angeles, near Exposition Park and Inglewood, this property comprises eight studios and one two-bedroom unit. Additionally, a two-car garage at the rear of the property presents a unique opportunity for conversion into an Accessory Dwelling Unit (ADU), further enhancing its value.

Upon stabilizing at market rent levels, this asset can achieve a CAP Rate exceeding 10%. Currently, it generates approximately $6,470 per month, yielding a CAP Rate of over 3.66%. The building spans 3,398 square feet and sits on a 7,000-square-foot lot.

Although local ordinances pose some stabilization challenges, the property's predominantly studio mix facilitates a higher turnover rate, which could expedite reaching market rent levels. This is an excellent opportunity for investors seeking to capitalize on a property with promising upside in a sought-after location.