305 - 307 E 76th Pl, Los Angeles, CA 90003

Property Description

Within the corner parcel, a new structure was built in 2015 that contains five large townhouse-style units that are not subject to any rent control. The remaining six units include several bungalow-style apartments, which are subject to rent control. Across the property, the majority of units are two- and three-bedroom apartments, most of which are townhouse-style floorplans with excellent interior amenities. Select units feature recessed lighting, granite countertops, fully updated bathrooms, designed vent hoods, wood flooring, walk-in closets, and stainless steel appliances. An on-site laundry room provides an additional income stream for the owner. Located near the intersection of Florence Avenue and San Pedro Street, the property is directly across the street from the 26- acre John C. Fremont Senior High School campus. Several new developments, including 162 new apartments partially completed along Main Street and a 31-unit mixed use project, are coming online within a mile of the property. Tenants enjoy convenient access to the 110 Freeway, via either the Florence Avenue or Manchester Avenue onramps, while public transportation is readily available within one block of the property.