316 East 79th Street

Los Angeles, CA 90003

$645,000
Last Sold Price
4
Beds
4
Baths
2,160 Sq. Ft.
$299 / Sq. Ft.
2,160
Sq. Ft.
$299
per Sq. Ft.

Description

Rental income at it's best! Fha approved. The building is Section 8 approved. Rents are funded by the U. S. Department of Housing and Urban Development. PAID on time, every month! Great investment opportunity! Four separate units with four open parking spots in rear. Each unit is a 1+1.Rental income at it's best! Fha approved. The building is Section 8 approved. Rents are funded by the U. S. Department of Housing and Urban Development. PAID on time, every month! Great investment opportunity! Four separate units with four open parking spots in rear. Each unit is a 1+1.
  1. Listed by RAMON LOPEZ • DRE #01482323 • Brokerage DRE #01945994 • REH REAL ESTATE

Property Details for 316 East 79th Street

Parking Spaces Total
4
Private Pool
No
Cooling Type
Attic Fan, Wall/Window
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2160
Assessor Parcel Number
6030-019-029

Location

Listing Courtesy of REH REAL ESTATE, RAMON LOPEZ, DRE #01482323

Sold By REH REAL ESTATE, RAMON LOPEZ, DRE #01482323

Add your commute
LISTING UPDATED: 11/03/2022 08:58 AM

Property Details for 316 East 79th Street

StatusClosed
MLS #WS20242003
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.12 AC / 5,428 SF
CountyLos Angeles County

Location

Listing Courtesy of REH REAL ESTATE, RAMON LOPEZ, DRE #01482323

Sold By REH REAL ESTATE, RAMON LOPEZ, DRE #01482323

Add your commute

Building Information for 316 East 79th Street

Stories-Residences-Year Built1926Building Size-Lot Size0.12 AC / 5,428 SF

Payment Calculator

$4,201 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,520

Property Taxes

$681

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 316 East 79th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $37,068
  • Net Operating Income: $30,057
  • Current Financing: FHA
  • Financing: Cash
Expense Details
  • Operating Expense: $7,011
  • New Taxes Expense: $3,300
  • Gardener Expense: $620
  • Insurance Expense: $863
  • Trash Expense: $300
  • Water Sewer Expense: $1,928
  • Total Expenses: $7,011
Tax / Assessment Info
  • Tax Tract Number: 26
  • Tax Census Tract: 2398.01
  • Tax Lot: 60
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Appliances: Convection Oven, Gas Cooktop
  • Equipment: Dryer, Dryer Included, Gas Or Electric Dryer Hookup, In Kitchen, Inside, Washer, Washer Hookup, Washer Included
  • Room Type: All Bedrooms Down, See Remarks
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, In Kitchen, Inside, Washer Hookup, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s), Whole House Fan
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Cable Connected, Natural Gas Available, Sewer Available, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,102
  • Unit Type Total Rent: $1,102
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $587
  • Unit Type Total Rent: $587
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 316 East 79th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 316 East 79th Street

Taxable ValueLand$410,958Additions$234,090Total$645,048
Tax Record2023$8,168 ($681 / month)
Home Facts
Total Finished SqFt2,160 SqFtAbove Grade Finished SqFt2,160 SqFtLot Size5,428 SqFtStyleQuadraplexYear Built1926ZoningLAR2CountyLOS ANGELESAPN6030-019-029

Schools near 316 East 79th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mckinley Avenue Elementary School
PublicK to 6

Charles Drew Middle School
Public7 to 8

John Hope Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REH REAL ESTATE, RAMON LOPEZ, DRE #01482323

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.