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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$750,000

Est. payment - /mo

7,056 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25165097

HOA Y/N No

Year Built 1921

Lot Size 7,056 Sqft

Property Sub-Type Quadruplex

Property Description

722 W 79th St is a value-add 4-unit apartment building located in the heart of a rapidly growing pocket of Los Angeles. The property offers an ideal unit mix of four (4) 2-Bed/1-Bath units with over 130% rental upside. Aggressively priced at $230/SF, many comparable 4-plexes in the area are trading above $350/SF post-renovation. An investor has the potential to reposition the asset and exit at a valuation north of $1.1M. This property also works well as a-long term hold, with a pro forma cap rate of 12.02% based on conservative market rents. Sitting on a 7,056 SF lot, the oversized 3,226 SF building offers ample space and potential for value creation. Located just minutes from USC, Downtown LA, Exposition Park, BMO Stadium, the Arts District, Lucas Museum, LA Live, and more, 722 W 79th St stands to benefit from the billions of dollars in development transforming the surrounding area.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LARD1.5

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Suburban, Sidewalks, Urban

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6032027020

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, FHA

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, FHA

Special Listing Condition Standard

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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559

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722 W 79th ST Los Angeles, CA 90044