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722 W 79th ST Los Angeles, CA 90044
7,056 Sqft Lot
UPDATED:
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
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559