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623 W 79th Street, Los Angeles CA 90044
623 W 79th Street, Los Angeles CA 90044
623 W 79th Street, Los Angeles CA 90044
623 W 79th Street, Los Angeles CA 90044
California>Los Angeles>Figueroa Boulevard

623 W 79th StreetLos Angeles, CA 90044

For Sale

$1,425,000

Smart Buyer Rebate $14,250

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.

Listed by Carlos Elizalde

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License #02090487

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Real Broker

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714-389-8310

Last updated January 13, 2025

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Source: CRMLS #PW24177852

Listing Facts

  • TypeMulti-family
  • NeighborhoodFigueroa Boulevard
  • Days on Prevu377

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

09/18/2024
Status changed to Active
$1,425,000
09/17/2024
Status changed to Removed from Feed
$1,425,000
08/27/2024
Listed by Real Broker
$1,425,000

Property Details for 623 W 79th Street

Association

Amenities

  • Community Features: Curbs, Gutter(s), Street Lights, Sidewalks, Gated

Exterior

Construction

  • Number Of Units Total: 4
  • Property Attached: Yes
  • Property Condition: Updated/Remodeled, Turnkey
  • Roof: Common Roof, Shingle
  • Stories: 2
  • Stories Total: 2
  • Window Features: Double Pane Windows
  • Year Built: 2011
  • Architectural Style: Traditional
  • Common Walls: 2+ Common Walls
  • Construction Materials: Drywall, Concrete
  • Entry Level: 1
  • Entry Location: 1

Features

  • Fencing: Wrought Iron
  • Other Structures: Second Garage, Guest House, Guest House Attached, Two On A Lot
  • View: City Lights

Measurements

  • Building Area Total: 4,404
  • Building Area Units: Square Feet
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.16
  • Lot Size Area: 7,054
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7,054
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $800.00
  • Operating Expense: $4,000.00

Taxes

  • Parcel Number: 6020016025

Interior

Features

  • Appliances: Gas Water Heater, Water Heater
  • Flooring: Laminate, Vinyl
  • Interior Features: Built-in Features, Crown Molding, In-Law Floorplan, Primary Suite

Other

Location

  • Tax Lot: 338

Parking

Parking

  • Carport Spaces: 2
  • Carport: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Attached Carport, Concrete, Carport, Driveway, Garage
  • Parking Total: 8

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Electric: Standard, 220 Volts
  • Heating: Wall Furnace
  • Has Heating: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.