LOS ANGELES, CA – A prime multifamily investment has just hit the market! 602-608 W 75th Street, a 10-unit apartment community in South Los Angeles, offers investors a value-add opportunity in one of the city’s high-demand rental markets. This well-located property provides stable cash flow with significant upside potential through renovations and rental growth.
Built in 1960, this garden-style property features a mix of (4) 2-bed/1-bath units and (6) 1-bed/1-bath units across two separate buildings. With ample on-site parking, gated access, and a central courtyard, the property offers convenience and security for residents. While units are currently occupied, renovation potential presents an opportunity to increase rental income and maximize value.
Positioned near major employment hubs and transit corridors, 602-608 W 75th Street benefits from strong renter demand. The property is conveniently located near:
✔ USC & Exposition Park – Just minutes from the University of Southern California, the LA Memorial Coliseum, and the Natural History Museum.
✔ Downtown Los Angeles – A short drive to DTLA’s thriving job market, entertainment, and retail destinations.
✔ Easy Freeway Access – Quick connections to the 110 and 105 Freeways, making commuting seamless.
✔ New Developments Nearby – South LA continues to see increased investment, infrastructure improvements, and new housing projects, boosting long-term property values.
✔ Strong Rental Market – South LA remains a high-demand rental area with low vacancy rates.
✔ Value-Add Upside – Potential to renovate units and increase rents to market levels.
✔ Diverse Unit Mix – A blend of two-bedroom and one-bedroom units attracts a broad tenant pool.
✔ Secure & Well-Maintained – Gated property with on-site parking for tenant convenience.
✔ Proximity to Growth Areas – Located near USC, Downtown LA, and upcoming development projects.
602-608 W 75th Street presents a rare chance to acquire a well-located multifamily property with stable income and future appreciation potential. Investors seeking strong cash flow and long-term upside won’t want to miss this opportunity.
📍 Listing Price: $1,995,000
🏢 Unit Mix: (4) 2-bed/1-bath, (6) 1-bed/1-bath
📊 Current Cap Rate: 5.37% (Upside Potential at Market Rents: 8.13%)
🔗 View Full Listing & Financials: 602-608 W 75th St, Los Angeles
Every investment decision should be backed by expertise and market data. Contact us today to discuss how we can help you achieve a successful acquisition.
📱 916-996-4421
📧 taylor@thegroupcre.com
Taylor Avakian is a multifamily investment expert and the host of No Vacancy, a podcast dedicated to exploring the latest trends, strategies, and insights in the real estate market. As the founder of The Group CRE, Taylor specializes in helping landlords and investors navigate the complexities of multifamily ownership in Los Angeles.