636 W 76th Street,Los Angeles, CA 90044
Los Angeles, CA 90044
Description
Brand-New 2026 Construction | 5 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 an in-place master lease with contractual annual rent escalations of 5% (3% minimum floor.) 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.
Details
| MLS # | 26986021 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2026 |
| Days On Site | 53 |
| Listing Provided By | Beverly & Company Luxury Properties | Cesar Leyva |
Features
| Bed(s) | 24 |
|---|---|
| Bath(s) | 19 |
| SQ Feet | 8,968 |
| Story(s) | 3 |
| Units | 5 |
| Building(s) | 2 |
| Zoning | LAR3 |
| Acreage | 0.16 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Open Floorplan, Recessed Lighting |
| Window Features | Double Pane Windows |
| Appliances | Dishwasher, Disposal, Microwave, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Security Features | Carbon Monoxide Detectors, Fire Detection System, Fire Sprinkler System, Security Gate, Smoke Detectors |
|---|---|
| Construction Materials | Stucco |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Assigned, Covered, Door Single, Electric Gate, Garage |
Utilities
| Sewer | Sewer Tap Paid |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90044) | |
Price: $3,195,000 low | high Med: $749,800 sqft: 8,968 low | high Med: 1,880 $ / sqft: $356 low | high Med: $399 On site: 53 low | high Med: 14 | |
Market Activity 90044
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90044) | |
Price: $3,195,000 low | high Med: $749,800 sqft: 8,968 low | high Med: 1,880 $ / sqft: $356 low | high Med: $399 On site: 53 low | high Med: 14 | |
 | $2,695,000707 W 80th StreetLos Angeles, CA 90044 |