602-608 W 75th St, Los Angeles, CA 90044

Property Overview

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602-608 W 75th St is a well-positioned 16-unit multifamily property with an adjacent single-family residence, located in the South Los Angeles submarket. Originally constructed in 1929 and 1922, the 11,152-square-foot property spans a 14,002-square-foot lot and is zoned LAR3, allowing for potential future development.

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The multifamily building consists of (11) one-bedroom, one-bath units, (4) two-bedroom, one-bath units, and (1) three-bedroom, one-bath unit, while the adjacent single-family home features four bedrooms and two baths. The property is subject to LARSO rent control, with separately metered utilities and on-site gated parking.

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With 100% occupancy, strong in-place cash flow, and potential for rental growth, 602-608 W 75th St presents an attractive opportunity for investors looking to acquire a stabilized asset with value-add potential.

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Key Property Details

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• ‍Location: 602-608 W 75th St, Los Angeles, CA 90044
• ‍Lot Size: 14,002 square feet
• ‍Total Building Area: 11,152 square feet‍
• Units: 16 multifamily units + 1 single-family home
• ‍Year Built: 1929, 1922
• ‍Zoning: LAR3 (Multifamily Residential)
• ‍Rent Control: Subject to LARSO
• ‍Unit Mix:
  • (11) One-bedroom, one-bath units
  • (4) Two-bedroom, one-bath units
  • (1) Three-bedroom, one-bath unit
  • (1) Four-bedroom, two-bath single-family home
• Utilities: Separately metered
• ‍Parking: On-site gated parking

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Investment Highlights

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602-608 W 75th St provides a rare combination of stabilized occupancy and future upside potential in a high-demand rental market. With below-market rents, investors can unlock significant value through lease adjustments and minor renovations.

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• Stable Rental Income: 100% occupancy ensures immediate cash flow from day one.
• Diverse Unit Mix: Includes a mix of one-bedroom, two-bedroom, and three-bedroom units, as well as a detached single-family home, catering to a broad tenant demographic.
• Value-Add Opportunity: Market rents indicate substantial growth potential, allowing investors to increase NOI through strategic improvements.
• Prime Location: South Los Angeles continues to experience rising rental demand, fueled by strong employment growth and ongoing neighborhood revitalization.

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Neighborhood and Accessibility

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Located in South Los Angeles, 602-608 W 75th St is conveniently positioned near major employment centers, public transportation, and key urban amenities. The property offers easy access to Florence Ave, Figueroa St, and Hoover St, with proximity to the 110 and 105 freeways, providing seamless connectivity to Downtown Los Angeles, USC, LAX, and Inglewood.

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• Public Transit: Near bus lines and Metro stations, ensuring strong tenant demand.
• Economic Growth: The South LA submarket continues to benefit from city-led investment initiatives, supporting long-term appreciation.
• Nearby Landmarks: Close to major destinations like SoFi Stadium, Intuit Dome, and the University of Southern California (USC), further driving rental demand.

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Market Trends and Financial Potential

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The South Los Angeles rental market is experiencing consistent rent appreciation, supported by limited housing supply and strong tenant demand. 602-608 W 75th St presents a clear pathway for income growth through lease optimizations and targeted renovations.

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• 100% Occupied Asset: Ensures stable cash flow and minimal vacancy risk.
• Below-Market Rents: Significant upside potential through rent increases in alignment with current market rates.
• Pro Forma NOI Growth: Investors can enhance property performance by implementing a strategic value-add plan.
• Long-Term Appreciation: Favorable zoning and location position this asset for strong future appreciation in a high-demand rental corridor.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl

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