Description
Calvary Realty is pleased to present a Section 8–backed multifamily investment located at 743 W 77th St, Los Angeles, CA, withinthe Los Angeles–Long Beach–Anaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. Theproperty 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 anaccessible 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 totaling3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ideprotection 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 justadjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes frommajor demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10miles east of LAX.With strong visibility, proximity to major employment and entertainment hubs, and long-term housing demand fundamentals, thisoffering represents a compelling opportunity to acquire a stabilized income-producing asset with upside potential in one of the mostresilient rental markets in the country.
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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Calvary Realty is pleased to present a Section 8–backed multifamily investment located at 743 W 77th St, Los Angeles, CA, withinthe Los Angeles–Long Beach–Anaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. Theproperty 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 anaccessible 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 totaling3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ideprotection 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 justadjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes frommajor demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10miles east of LAX.With strong visibility, proximity to major employment and entertainment hubs, and long-term housing demand fundamentals, thisoffering represents a compelling opportunity to acquire a stabilized income-producing asset with upside potential in one of the mostresilient rental markets in the country.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-16T00:26:03.207. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.