List Price: $950K

Listing Status: ActiveUnderContract

Days on Market: 106

0 Bedrooms · 0 Bathrooms

Property Type: ResidentialIncome

Year Built: 1991

Lot Size: 6,762 sq ft

Private Pool: Yes

MLS Number: CV25281839

About This Property

Calvary Realty is pleased to present a Section 8–backed multifamily investment located at 743 W 77th St, Los Angeles, CA, within the Los Angeles–Long Beach–Anaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. The property is offered at $950,000, representing an existing cap rate of 5.38% and a price per square foot of $256.90, positioning it as an accessible entry point into a highly coveted Los Angeles submarket. Originally built in 1991, the asset sits on 0.16 acres and consists of a single two-story concrete building totaling 3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ide protection and the opportunity for rental upside through improved operations and lease-up. The property is strategically located near the intersection of S Hoover Street and W 77th Street, offering excellent accessibility just adjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes from major demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10 miles east of LAX. With strong visibility, proximity to major employment and entertainment hubs, and long-term housing demand fundamentals, this offering represents a compelling opportunity to acquire a stabilized income-producing asset with upside potential in one of the most resilient rental markets in the country.

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