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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$3,195,000

Est. payment - /mo

24 Beds

19 Baths

8,968 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,968 sqft

Price per Sqft $356

MLS Listing ID 26986021

Bedrooms 24

HOA Y/N No

Year Built 2026

Lot Size 7,000 Sqft

Lot Dimensions Assessor

Property 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.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAR3

Interior

Interior Features Open Floorplan, Recessed Lighting

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Dryer, Washer

Laundry Inside, Laundry Closet

Exterior

Parking Features Assigned, Covered, Door-Single, Electric Gate, Garage

Pool None

Total Parking Spaces 10

Private Pool No

Building

Story 3

Entry Level Three Or More

Sewer Sewer Tap Paid

Water Public

Architectural Style Modern

Level or Stories Three Or More

New Construction Yes

Others

Senior Community No

Tax ID 6020019010

Security Features Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Security Gate,Smoke Detector(s)

Special Listing Condition Standard

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Listed by Cesar Leyva Beverly & Company Luxury Properties #01490664

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

636 W 76th ST Los Angeles, CA 90044

Ernie Caponera

Key Details

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Interior

Exterior

Building

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636 W 76th ST