703 West 79th Street

Los Angeles, CA 90044

$1,700,000
Last Sold Price
12
Beds
6
Baths
3,634 Sq. Ft.
$468 / Sq. Ft.
3,634
Sq. Ft.
$468
per Sq. Ft.

Description

We are pleased to offer this six unit investment opportunity, located in the City of Los Angeles. The unit mix consists of six 2+1 units. The investment consists of approximately 3,634 of rentable square feet and is situated on an approximately 7,139 square foot parcel. Recent property upgrades include a new surveillance system, new exterior paint, new exterior lighting, new exterior building and unit numbers, and all six of the units have recently been renovated. The building amenities include a...We are pleased to offer this six unit investment opportunity, located in the City of Los Angeles. The unit mix consists of six 2+1 units. The investment consists of approximately 3,634 of rentable square feet and is situated on an approximately 7,139 square foot parcel. Recent property upgrades include a new surveillance system, new exterior paint, new exterior lighting, new exterior building and unit numbers, and all six of the units have recently been renovated. The building amenities include a large parking area with six total spaces, a secured gated entry, and the property is separately metered for both gas & electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is in compliance with the Los Angeles Soft-Story Retrofit Program.
  1. Listed by Griffin White • DRE #02031785 • Brokerage DRE #01765179 • BRC Advisors- BH

Property Details for 703 West 79th Street

Zoning
LARD1.5
Parcel Number
6020015016
Total Units
6.0
Living Area
3634
Source Living Area
Vendor Enhanced
Area
Metropolitan Southwest (C36)
Vacancy Rate
3%
Lot Size Area
7139

Location

Listing Courtesy of BRC Advisors- BH, Griffin White, DRE #02031785

Sold By Strand Hill Properties, Deborah Perkins, DRE #01117746; Imperial Real Estate, Mark Ehlers, DRE #01955008

Add your commute
LISTING UPDATED: 07/25/2023 03:01 PM

Property Details for 703 West 79th Street

StatusSold
MLS #23-236177
Days on Market91
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.16 AC / 7,139 SF
CountyLos Angeles County

Location

Listing Courtesy of BRC Advisors- BH, Griffin White, DRE #02031785

Sold By Strand Hill Properties, Deborah Perkins, DRE #01117746; Imperial Real Estate, Mark Ehlers, DRE #01955008

Add your commute

Building Information for 703 West 79th Street

Stories2Residences-Year Built1958Building Size-Lot Size0.16 AC / 7,139 SF

Payment Calculator

$10,220 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,278

Property Taxes

$942

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 703 West 79th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Income
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $161,841
  • Net Operating Income: $119,093.00
  • Gross Income: $165,144
  • Cap Rate: 7.11%
  • Gross Rent Multiplier: $10.14
  • Total Annual Expense: 42748
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 7139
Parking Details
Parking Details
  • Parking Garage: Driveway, Driveway - Concrete
  • Total Parking: 6
  • Parking Features: Driveway, Concrete
Interior Features
Interior Features
  • Cooling Type: Ceiling Fan
  • Heating Type: Wall Gas
  • Equipment: Ceiling Fan, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-26-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,123.00
  • Unit Actual Rent: $2,123.00
  • Unit Projected Rent: $2,666.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,414.00
  • Unit Actual Rent: $2,414.00
  • Unit Projected Rent: $2,625.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,452.00
  • Unit Actual Rent: $2,452.00
  • Unit Projected Rent: $2,625.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $2,625.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $2,625.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,123.00
  • Unit Actual Rent: $2,123.00
  • Unit Projected Rent: $2,625.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111

Property History for 703 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 703 West 79th Street

Taxable ValueLand$603,432Additions$254,898Total$858,330
Tax Record2023$11,306 ($942 / month)
Home Facts
Total Finished SqFt3,634 SqFtAbove Grade Finished SqFt3,634 SqFtLot Size7,140 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningLARD1.5CountyLOS ANGELESAPN6020-015-016

Schools near 703 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 - 6 to 8
Rating
School
Distance
Loren Miller Elementary School
PublicK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

Animo Jefferson Charter Middle School
Charter6 to 8

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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Similar Sold Homes

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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 BRC Advisors- BH, Griffin White, DRE #02031785

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.