932 West 79th Street

Los Angeles, CA 90044

$749,000
Last Sold Price
7
Beds
4
Baths
2,418 Sq. Ft.
$310 / Sq. Ft.
2,418
Sq. Ft.
$310
per Sq. Ft.

Description

Excellent investment opportunity! This terrific well maintained 4-plex with great curb appeal consists of 2 structures - free standing single level 2 bedroom 1 bathroom home in the front and 2-story triplex in the back. It provides excellent cash flow with 25% upside potential in rents and very low maintenance. The front unit has been recently upgraded and the rest of the units are in good condition. The property has been well maintained and it has new landscaping with low maintenance drought tolerant...Excellent investment opportunity! This terrific well maintained 4-plex with great curb appeal consists of 2 structures - free standing single level 2 bedroom 1 bathroom home in the front and 2-story triplex in the back. It provides excellent cash flow with 25% upside potential in rents and very low maintenance. The front unit has been recently upgraded and the rest of the units are in good condition. The property has been well maintained and it has new landscaping with low maintenance drought tolerant plants. The units are separately metered for gas and electricity. There are 3 carport spaces and 4 open parking spaces in the back of the building. It is located in fast growing neighborhood of South West Los Angeles near Downtown LA Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and easy access to all major freeways. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants.
  1. Listed by Gabriela Manakova • DRE #01327946 • Brokerage DRE #01327946 • Innovative Property Strategies

Property Details for 932 West 79th Street

Zoning
LARD1.5
Parcel Number
6032001034
Total Units
4.0
Living Area
2418
Source Living Area
Assessor
Area
Los Angeles Southwest (C34)
Vacancy Rate
0%
Lot Size Area
6278

Location

Listing Courtesy of Innovative Property Strategies, Gabriela Manakova, DRE #01327946

Sold By Bee Investment, Inc., Daniel T Lee, DRE #01343520

Add your commute
LISTING UPDATED: 09/06/2019 12:25 PM

Property Details for 932 West 79th Street

StatusSold
MLS #19-485522
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1995
Lot Size0.14 AC / 6,278 SF
CountyLos Angeles County

Location

Listing Courtesy of Innovative Property Strategies, Gabriela Manakova, DRE #01327946

Sold By Bee Investment, Inc., Daniel T Lee, DRE #01343520

Add your commute

Virtual Tour

Building Information for 932 West 79th Street

Stories2Residences-Year Built1995Building Size-Lot Size0.14 AC / 6,278 SF

Payment Calculator

$4,975 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,088

Property Taxes

$887

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 932 West 79th Street

Community / Development
Community / Development
  • Number Of Units: 4
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $62,808
  • Net Operating Income: $48,573.00
  • Gross Income: $62,808
  • Cap Rate: 6.48%
  • Gross Rent Multiplier: $11.94
  • Total Annual Expense: 14235
  • Water Expense: $3,600.00
  • Tax Expense: $9,375
  • Insurance Expense: $1,260
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Size Square Feet: 6278
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Assigned, Carport, Carport Attached, Parking Space
  • Total Parking: 7
  • Covered Parking: 3
  • Parking Features: Assigned, Carport, Attached Carport, Parking Space
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Other
  • Equipment: Range/Oven, Refrigerator
  • Virtual Tour Url: https://vimeo.com/346502465
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
Lease Terms
Lease Terms
  • Entry Date: 07-06-2019
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,283.00
  • Unit Actual Rent: $15,396.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,323.00
  • Unit Actual Rent: $15,876.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,085.00
  • Unit Actual Rent: $1,320.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,543.00
  • Unit Actual Rent: $18,516.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $187,272.00
  • Assessed Land Value: $416,160.00
  • Assessed Total Value: $603,432.00

Property History for 932 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 932 West 79th Street

Taxable ValueLand$678,300Additions$168,300Total$846,600
Tax Record2023$10,649 ($887 / month)
Home Facts
Total Finished SqFt2,418 SqFtAbove Grade Finished SqFt2,418 SqFtStories1Lot Size6,238 SqFtStyleQuadraplexYear Built1921ZoningLARD1.5CountyLOS ANGELESAPN6032-001-034

Schools near 932 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
Public - 9 to 12
Rating
School
Distance
Loren Miller Elementary School
PublicK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

Youth Opportunities Unlimited 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.

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 Innovative Property Strategies, Gabriela Manakova, DRE #01327946

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.