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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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, […]<\/p>\n","protected":false},"author":1,"featured_media":4733324,"parent":0,"menu_order":0,"template":"","property_type":[],"property_status":[1034],"property_feature":[92,94,29,98,95,100,43,132,1043,107,1051,69],"property_label":[85],"property_country":[],"property_state":[103],"property_city":[40],"property_area":[],"class_list":["post-4733322","property","type-property","status-publish","has-post-thumbnail","hentry","property_status-residential-income","property_feature-dishwasher","property_feature-disposal","property_feature-dryer","property_feature-garage-attached","property_feature-has-cooling-system","property_feature-has-heating-system","property_feature-microwave","property_feature-new-construction","property_feature-open-floorplan","property_feature-property-attached","property_feature-recessed-lighting","property_feature-washer","property_label-active","property_state-los-angeles","property_city-los-angeles"],"property_meta":{"_mlsimport_listing_key":["1190309424"],"MLSimport_item_inserted":["94072"],"fave_property_land_postfix":["Square Feet"],"fave_property_year":["2026"],"fave_property_address":["76th"],"fave_property_price":["3195000"],"fave_property_land":["0.1607"],"fave_property_bedrooms":["24"],"fave_property_size":["8968"],"fave_property_bathrooms":["0"],"fave_property_country":["United States"],"fave_property_zip":["90044"],"fave_property_map_address":["636 W 76th Street"],"houzez_geolocation_long":["-118.285384"],"houzez_geolocation_lat":["33.970473"],"fave_property_id":["26986021"],"property_bathrooms":["0"],"REAL_HOMES_property_bathrooms":["0"],"fave_contact-mail":["Cesar@CesarLeyva.com"],"fave_brokered-by":["Beverly & Company Luxury Properties"],"fave_listed-by":["Cesar Leyva"],"fave_dre":["01490664"],"mlsimport_stored_modification_timestamp":["2026-09-11T22:33:36.897-00:00"],"mlsimport_synced_mod":["1789166016"],"mlsimport_stored_write_config_version":["cbeb9f57de1c6565937309b36393a1e55515b1366bb096892bba9eb4f914a943"],"fave_property_location":["33.970473,-118.285384"],"property_location":["33.970473,-118.285384"],"additional_features":["a:0:{}"],"fave_agents":["0"],"fave_agent_display_option":["agent_info"],"fave_featured":["0"],"houzez_featured_listing_date":[""],"fave_property_map":["1"],"fave_property_map_street_view":["show"],"fave_single_top_area":["global"],"fave_single_content_area":["global"],"fave_additional_features_enable":["enable"],"fave_property_size_prefix":["Sq Ft"],"fave_property_images":["4733324","4733325","4733326","4733327","4733328","4733329","4733330","4733331","4733332","4733333","4733334","4733335","4733336","4733337","4733338","4733339","4733340","4733341","4733342","4733343","4733344","4733345","4733346","4733347","4733348","4733349","4733350","4733351","4733352","4733353","4733354","4733355","4733356","4733357","4733358","4733359","4733360","4733361","4733362","4733363","4733364","4733365","4733366","4733367","4733368","4733369","4733370","4733371","4733372","4733373"],"_thumbnail_id":["4733324"],"houzez_total_property_views":["5"],"houzez_views_by_date":["a:2:{s:10:\"09-12-2026\";i:1;s:10:\"09-15-2026\";i:4;}"],"houzez_recently_viewed":["2026-09-15 07:32:26"],"_elementor_page_assets":["a:0:{}"]},"yoast_head":"\n