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Image 1 - 1117 East 75th Street, Los Angeles, CA 90001, USA - House for sale
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Home For Sale In Los Angeles, California
1117 East 75th Street, Los Angeles, CA 90001, USA

Home For Sale In Los Angeles, California

house for sale
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Listed: 05/17/24

1117 East 75th Street, Los Angeles, CA 90001, USA

10 Bed:
5 Bath:
3,104 Sq Ft Living Area:
Save
Price
$ 1,35M

About This House

We are pleased to present1115 E75th St, a 5-unit bungalow apartment community located in the Florence neighborhood of South Los Angeles, CA. The property, including a fully permitted ADU built in 2022, is comprised of an excellent unit mix of (3) 2 bed/1 Bath units, (1) 3 bed/1 Bath unit and (1) 1 Bed/1 Bath unit. There are currently four (4) Section 8 tenants in-place offering excellent security of income and collections. One unit (2bed/ 1 bath) is currently vacant, allowing an investor to capture market or Section 8 rent immediately. Section 8 Voucher Payment Standards (per HACLA) are currently up to$2, 407for 1-bedroom units, $3, 052for 2-bedroom units, and$3, 915for 3-bedroom units as of2/2024.The gated property also sits on …  Full description

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Florence Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.