1018 East 79th Street

Los Angeles, CA 90001

$995,000
Price
4
Beds
4
Baths
2,380 Sq. Ft.
$418 / Sq. Ft.
2,380
Sq. Ft.
$418
per Sq. Ft.

Description

The Weir Group is pleased to present our newest exclusive listing in South Los Angeles. This charming Spanish style four unit property is fully vacant and presents a rare opportunity for an investor to come and put their own finishing touches, lease to their select tenants, and operate at an above average yield. The property is comprised of four large one bedroom one bathroom units and has four covered parking spots. A new owner can explore converting the garage into an ADU or keeping as existing...The Weir Group is pleased to present our newest exclusive listing in South Los Angeles. This charming Spanish style four unit property is fully vacant and presents a rare opportunity for an investor to come and put their own finishing touches, lease to their select tenants, and operate at an above average yield. The property is comprised of four large one bedroom one bathroom units and has four covered parking spots. A new owner can explore converting the garage into an ADU or keeping as existing parking for tenants. The property is located on the corner of Central Ave and E 79th St, just a short drive north of Manchester Ave. For more information, please reach out directly to the listing agent.
  1. Listed by Jonathan Weir • DRE #02038545 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 1018 East 79th Street

Zoning
LARD2
Parcel Number
6029004008
Total Units
4.0
Living Area
2380
Source Living Area
Vendor Enhanced
Area
Metropolitan South (C37)
Vacancy Rate
0
Lot Size Area
6502
LISTING UPDATED: 11/19/2024 12:01 AM

Property Details for 1018 East 79th Street

StatusActive
MLS #24-462997
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.15 AC / 6,502 SF
CountyLos Angeles County

Building Information for 1018 East 79th Street

Stories-Residences-Year Built1928Building Size-Lot Size0.15 AC / 6,502 SF

Property Information for 1018 East 79th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 4
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $115,536
  • Net Operating Income: $78,626.00
  • Gross Income: $115,536
  • Gross Rent Multiplier: $8.61
  • Total Annual Expense: 33433
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1493
  • Lot Size Square Feet: 6502
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 4
  • Covered Parking: 4
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,407.00
  • Unit Actual Rent: $2,407.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $161,721.00
  • Assessed Improvement Percent: 41.18
  • Assessed Land Value: $231,034.00
  • Assessed Land Percent: 58.82
  • Assessed Total Value: $392,755.00

Property History for 1018 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 1018 East 79th Street

Taxable ValueLand$235,654Additions$164,955Total$400,609
Tax Record2024$5,302 ($442 / month)
Home Facts
Total Finished SqFt2,380 SqFtAbove Grade Finished SqFt2,380 SqFtLot Size6,500 SqFtStyleQuadraplexYear Built1928ZoningLARD2CountyLOS ANGELESAPN6029-004-008

Schools near 1018 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.

Similar Homes

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1018 East 79th Street is a multi-family home for sale in Los Angeles, CA 90001. This property was listed for sale on November 11, 2024 by Marcus & Millichap, it's currently listed at $995,000. It has been on the market for a total of 40 days and was last sold on September 27, 2024. This listing's school district is Los Angeles Unified School District. Nearby schools include Mckinley Avenue Elementary School, Charles Drew Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 1018 East 79th Street is a 4-bed, 4-bath, 2,380 sqft multi-family home built in 1928.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jonathan Weir, DRE #02038545

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.