620 E 79th St, Los Angeles, CA 90001
620 E 79th St, Los Angeles, CA 90001
620 E 79th St, Los Angeles, CA 90001
620 E 79th St, Los Angeles, CA 90001
620 E 79th St, Los Angeles, CA 90001
620 E 79th St, Los Angeles, CA 90001
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$ 925,000
Est. payment | /mo

6 Beds

5 Baths

2,328 SqFt


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$ 925,000
Est. payment | /mo
Save

6 Beds

5 Baths

2,328 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,328 sqft

Price per Sqft $397

MLS Listing ID 26103127

Bedrooms 6

Year Built 1949

Lot Size 5,206 Sqft

Acres 0.1195

Property Sub-Type Multi-Family

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 Metropolitan South

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Natural Gas

Cooling Air Conditioning, Central

Fireplaces Type Bath, Kitchen, Living Room

Equipment Microwave, Range/Oven, Refrigerator

Exterior

Parking Features None

Waterfront Description None

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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620 E 79th St