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$ 3,195,000
Est. payment /mo
New
636 W 76th Street Los Angeles, CA 90044
8,968 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,968 sqft
Price per Sqft $356
MLS Listing ID CL26986021
HOA Y/N No
Year Built 2026
Lot Size 7,001 Sqft
Acres 0.1607
Property Sub-Type Other
Property Description
Brand-New 2026 Construction | 3 Year Fully Master-Leased | 8.47% Cap Rate | Non-RSO, No Rent Control. A rare turnkey opportunity at 636 & 634 W. 76th Street: two newly constructed (2026) apartment buildings totaling 5 units, 24 bedrooms, and 8,968 SF on a large 7.000 +/- sqft parcel, offered at $3,195,000 (8.47% cap rate, 11.10 GRM). The entire property operates under a single master lease generating $287,760 in annual gross income, with landlord responsibility limited to just two line items: property tax and insurance. No leasing, no tenant screening, no maintenance calls, no vacancy risk to manage. Ideal for 1031 Exchange Buyers: A fully stabilized, income-documented replacement property that lets exchangers close with confidence and skip the lease-up uncertainty that complicates so many 1031 acquisitions. Built for Cost Segregation Strategies: As ground-up 2026 construction, the property offers a high depreciable basis relative to land value and all-new building components the kind of asset profile investors and their CPAs look for when structuring a cost segregation study to accelerate depreciation and offset tax liability. (Buyers should consult their tax advisor to confirm applicability to their situation.) Built for the Passive Investor: For physicians, attorneys, business owners, and other high-earning professionals who want real estate exposure without a second job, this master-leased structure delivers one monthly deposit and one point of contact, not five separate tenancies to manage. Buildings are townhome-style and have separately metered utilities. Zoned [Q]R3-1 in Council District 8, minutes from the I-110 and I-105, and close to USC, Downtown LA, and the SoFi Stadium/Hollywood Park employment corridors. NFPA-13D fire sprinklers, rooftop solar, and gated private parking throughout. This is new construction with the passive income profile investors spend years trying to find.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Cooling Central Air
Flooring Laminate
Fireplace No
Appliance Dryer
Laundry Dryer, Laundry Closet, Washer, Inside
Building
Water Public, Other
New Construction No
Others
Tax ID 6020019010
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Cesar Leyva • Beverly & Company Luxury Properties