441 West 79th Street

Los Angeles, CA 90003

$1,300,000
Price
16
Beds
8
Baths
5,512 Sq. Ft.
$236 / Sq. Ft.
5,512
Sq. Ft.
$236
per Sq. Ft.

Description

We are pleased to offer the opportunity to acquire this four (4) unit multifamily investment opportunity located at 441 W. 79th Street, in the City of Los Angeles. This two-story building, consisting of two structures, was constructed of wood frame and stucco on a raised foundation built in 1956 with a square footage of 5,512 on a 7,393-square foot lot, zoned LAR3. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable...We are pleased to offer the opportunity to acquire this four (4) unit multifamily investment opportunity located at 441 W. 79th Street, in the City of Los Angeles. This two-story building, consisting of two structures, was constructed of wood frame and stucco on a raised foundation built in 1956 with a square footage of 5,512 on a 7,393-square foot lot, zoned LAR3. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of four (4) 4-bedroom +2-bathroom units. The subject property is 75% occupied, (1 vacant unit) and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, secured gated entry, five (5) on-site parking garages, updated copper plumbing, and individually metered for gas and electricity. - Please email for the Executive Summary
  1. Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01013548 • Carolwood Estates

Property Details for 441 West 79th Street

Zoning
LAR3
Parcel Number
6020035009
Total Units
4.0
Living Area
5512
Source Living Area
Vendor Enhanced
Area
Metropolitan Southwest (C36)
Vacancy Rate
25%
Lot Size Area
7395

Location

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748
Add your commute
LISTING UPDATED: 05/18/2024 12:01 AM

Property Details for 441 West 79th Street

StatusActive
MLS #24-388263
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.17 AC / 7,395 SF
CountyLos Angeles County

Location

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748
Add your commute

Building Information for 441 West 79th Street

Stories2Residences-Year Built1956Building Size-Lot Size0.17 AC / 7,395 SF

Payment Calculator

$7,532 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$437

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 441 West 79th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $122,472
  • Net Operating Income: $91,019.00
  • Gross Income: $122,472
  • Cap Rate: 7.00%
  • Gross Rent Multiplier: $10.61
  • Total Annual Expense: 31453
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1698
  • Lot Size Square Feet: 7395
Parking Details
Parking Details
  • Parking Garage: Garage, Private, Other
  • Total Parking: 5
  • Parking Features: Garage, Private
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Range/Oven, Freezer, Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-10-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,159.00
  • Unit Actual Rent: $2,159.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,728.00
  • Unit Actual Rent: $2,728.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,319.00
  • Unit Actual Rent: $2,319.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $186,099.00
  • Assessed Improvement Percent: 49.83
  • Assessed Land Value: $187,338.00
  • Assessed Land Percent: 50.17
  • Assessed Total Value: $373,437.00

Property History for 441 West 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 441 West 79th Street

Taxable ValueLand$187,338Additions$186,579Total$373,917
Tax Record2023$5,239 ($437 / month)
Home Facts
Total Finished SqFt5,512 SqFtAbove Grade Finished SqFt5,512 SqFtLot Size7,393 SqFtStyleQuadraplexZoningLAR3CountyLOS ANGELESAPN6020-035-009

Schools near 441 West 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
Charter - K to 4
Rating
School
Distance
Loren Miller Elementary School
PublicK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

KIPP Empower Academy
CharterK to 4

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.

Similar Homes

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441 West 79th Street is a multi-family home for sale in Los Angeles, CA 90003. This property was listed for sale on May 10, 2024 by Carolwood Estates, it's currently listed at $1,300,000. It has been on the market for a total of 15 days and was last sold on December 17, 2009. This listing's school district is Los Angeles Unified School District. Nearby schools include Loren Miller Elementary School, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 441 West 79th Street is a 16-bed, 8-bath, 5,512 sqft multi-family home built in 1956.

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 Carolwood Estates, Davis Saadian, DRE #01921748

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.