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(323) 864-4211
Linda Roth Burrell
620 E 79th St, Los Angeles, CA 90001
- $925,000
- 6
- BD
- 5
- BA
- 2,328
- SqFt
- List Price
- $925,000
- MLS#
- 26103127
- Year Built
- 1949
- Bedrooms
- 6
- Bathrooms
- 5
- Living Sq. Ft
- 2,328
- Lot Size
- 5,206
- Days on Market
- 8
- Property Type
- Multifamily
- Stories
- 1
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.
Additional Information
- Other Buildings
- None
- Heat
- Natural Gas
- Cooling
- Air Conditioning, Central
- Number of Cars in Garage
- None
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Courtesy of Lyon Stahl Investment Real Estate, Inc., Benjamin Lee - CA DRE#02123715
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