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$ 925,000
Est. payment | /mo
6 Beds
5 Baths
2,328 SqFt
$ 925,000
Est. payment | /mo
6 Beds
5 Baths
2,328 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,328 sqft
Price per Sqft $397
MLS Listing ID 26103127
Bedrooms 6
HOA Y/N No
Year Built 1949
Lot Size 5,205 Sqft
Property Description
We are pleased to present 620 E 79th St, a five-unit multifamily property in South Los Angeles featuring four 1BD/1BA units and a 720 SF 2BD/1BA ADU built in 2022, on a 5,204 SF lot. Priced at $925,000 ($185,000/unit, $397/SF), the property offers a 9.95% CAP and 7.40 GRM on in-place income, a basis well below recent comparable sales in the 90001 submarket. The upside is immediate: two units, including the rear ADU, can be delivered vacant, allowing a new owner to set rents at market from day one or occupy a unit while the remaining four cover the mortgage. In-place rents on the occupied units sit up to 29% below market, giving an investor a clear path to grow income on turnover and push the return well beyond the current CAP. The 2022 ADU adds a newer, low-maintenance unit to the mix, and the entirely single-story layout with no elevated balconies means no SB 721 inspection and lower long-term upkeep. Eligible for 100% bonus depreciation via cost segregation. Close to the USPS Los Angeles Processing & Distribution Center, the Vernon and Commerce industrial corridors, the 110, 105, and 10 freeways, and the Metro A Line. Buyer to verify all information.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR4
Interior
Heating Natural Gas
Cooling Central Air
Fireplaces Type Bath, Kitchen, Living Room
Fireplace Yes
Appliance Microwave, Refrigerator
Exterior
Parking Features None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6029001006
Special Listing Condition Standard
Listed by Benjamin Lee Lyon Stahl Investment Real Estate, Inc. #02123715
NEARBY SCHOOL & BUSINESS