426 E 79th St new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90003
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,848 sqft
Price per Sqft $312
MLS Listing ID 25593181
Bedrooms 8
Year Built 1965
Lot Size 4,775 Sqft
Acres 0.1096
Property Sub-Type Multi-Family
Property Description
426 E 79th St | 4-Unit Multifamily in South Los Angeles. 1965 construction on a 4,775 SF R2-1 lot with 2,848 SF of living area; efficient layouts with (4) 2-bed / 1-bath units. (1 Vacant) One unit to be delivered vacant at close, allowing immediate lease-up at market rents or potential owner-occupancy. Two units stabilized under Section 8 contracts provide guaranteed income. Attractive sub-$900k price point with a ~7.43% current cap and ~10.85% pro forma; strong tenant demand and ~43% rental upside in a transit-connected South LA neighborhood.
Location
State CA
County Los Angeles
Area Metropolitan South
Zoning LAR2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Equipment None
Exterior
Parking Features Driveway
Garage Spaces 4.0
Building
Level or Stories Multi/Split
Others
Special Listing Condition Standard