1115 East 75th Street
1115 East 75th Street
$1,350,000
10
5
3,104
3,104
$435
Description
We are pleased to present 1115 E 75th St, a 5-unit bungalow apartment community located in the Florence neighborhood of South Los Angeles, CA. The property, including a fully permitted ADU built in 2022, is comprised of an excellent unit mix of (3) 2 bed/1 Bath units, (1) 3 bed/1 Bath unit and (1) 1 Bed/1 Bath unit. There are currently four (4) Section 8 tenants in-place offering excellent security of income and collections. One unit (2bed/ 1 bath) is currently vacant, allowing an investor to capture...We are pleased to present 1115 E 75th St, a 5-unit bungalow apartment community located in the Florence neighborhood of South Los Angeles, CA. The property, including a fully permitted ADU built in 2022, is comprised of an excellent unit mix of (3) 2 bed/1 Bath units, (1) 3 bed/1 Bath unit and (1) 1 Bed/1 Bath unit. There are currently four (4) Section 8 tenants in-place offering excellent security of income and collections. One unit (2bed/ 1 bath) is currently vacant, allowing an investor to capture market or Section 8 rent immediately. Section 8 Voucher Payment Standards (per HACLA) are currently up to $2,407 for 1-bedroom units, $3,052 for 2-bedroom units, and $3,915 for 3-bedroom units as of 2/2024. The gated property also sits on a 5,007 square feet lot with rear and side alley access and parking for 4 vehicles.1115 E 75th St is centrally located just 4 miles from USC and Downtown with convenient access to the 110 freeway and walkability to local amenities along Central Avenue 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.
- Listed by Brandon Evans • DRE #02058494 • Brokerage DRE #01380809 • Rosano Partners
Property Details for 1115 East 75th Street
Zoning
LCR3YY
StyleBungalow
Cross StreetsE 75th St & Central Ave
Parcel Number6024005032
Total Units5.0
Living Area3104
Source Living AreaOther
AreaMetropolitan South (C37)
Location
LISTING UPDATED: 05/22/2024 12:01 AM
Property Details for 1115 East 75th Street
Status | Active |
---|---|
MLS # | 24-391941 |
Days on Market | 19 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1940 |
Lot Size | 0.11 AC / 5,007 SF |
County | Los Angeles County |
Location
Building Information for 1115 East 75th Street
Stories1Residences-Year Built1940Building Size-Lot Size0.11 AC / 5,007 SF
Payment Calculator
$8,350 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1115 East 75th Street
Property History for 1115 East 75th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1115 East 75th Street
Taxable ValueLand$525,588Additions$295,380Total$820,968
Tax Record2023$11,780 ($982 / month)
Home Facts
Total Finished SqFt2,340 SqFtAbove Grade Finished SqFt2,340 SqFtLot Size5,007 SqFtStyleQuadraplexYear Built1940ZoningLCR3YYCountyLOS ANGELESAPN6024-005-032
Schools near 1115 East 75th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Wisdom Elementary School PublicK to 6 | ||
Thomas A. Edison Middle School Public6 to 8 | ||
John Hope Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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