623 W 79th ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,404 sqft
Price per Sqft $323
MLS Listing ID PW24177852
Year Built 2011
Lot Size 7,052 Sqft
Property Description
ASSUMABLE 2.25% INTEREST RATE FHA Loan – 4 UNITS TOTAL - $7,940 GROSS MONTHLY INCOME Amazing investment opportunity with this meticulously maintained QUADRUPLEX in the heart of Los Angeles. UNIT 1: 3 Bedrooms and 2 Bathrooms, Unit 2: 3 Bedrooms 1 Bathroom, Unit 3: 2 Bedrooms 2 Bathrooms, Unit 4: 2 Bedrooms 1 Bathroom. Two front units built in 2011 and two back units built in 1948. Recent improvements include newer copper plumbing with replaced valves and faucets, and a complete electrical upgrade to 220 volts completed in 2011. The roofs of both the front and back buildings were replaced in 2023, and brand-new rain gutters were installed. Additionally, new windows were fitted in the back units last year. This quadruplex combines modern upgrades with enduring value in a sought-after location. With the opportunity to assume a low 2.25% FHA loan, this property is a compelling choice for savvy investors looking to own a prime income-generating asset in Los Angeles.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Rooms
Other Rooms Second Garage,Guest House,Guest HouseAttached,Two On A Lot
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate,Vinyl
Laundry Common Area
Exterior
Garage Attached Carport,Concrete,Carport,Driveway,Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Wrought Iron
Pool None
Community Features Curbs,Gutter(s),Street Lights,Sidewalks,Gated
View Y/N Yes
View City Lights
Roof Type Common Roof,Shingle
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange,FHA,Owner Will Carry,Owner May Carry,Owner Survey,VA Loan
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange,FHA,Owner Will Carry,Owner May Carry,Owner Survey,VA Loan
Special Listing Condition Standard,Trust