Homes for sale - 623 W 79th ST, Los Angeles, CA 90044

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$1,425,000

Est. payment - /mo

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7,052 Sqft Lot

Active

623 W 79th ST Los Angeles, CA 90044

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Paco Licea

paco@pacotherealtor.com +1(951) 213-9131

UPDATED:

09/30/2024 06:10 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24177852

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 2011

Lot Size 7,052 Sqft

Property Description

ASSUMABLE 2.25% INTEREST RATE FHA Loan – 4 UNITS TOTAL - $7,940 GROSS MONTHLY INCOME Amazing investment opportunity with this meticulously maintained QUADRUPLEX in the heart of Los Angeles. UNIT 1: 3 Bedrooms and 2 Bathrooms, Unit 2: 3 Bedrooms 1 Bathroom, Unit 3: 2 Bedrooms 2 Bathrooms, Unit 4: 2 Bedrooms 1 Bathroom. Two front units built in 2011 and two back units built in 1948. Recent improvements include newer copper plumbing with replaced valves and faucets, and a complete electrical upgrade to 220 volts completed in 2011. The roofs of both the front and back buildings were replaced in 2023, and brand-new rain gutters were installed. Additionally, new windows were fitted in the back units last year. This quadruplex combines modern upgrades with enduring value in a sought-after location. With the opportunity to assume a low 2.25% FHA loan, this property is a compelling choice for savvy investors looking to own a prime income-generating asset in Los Angeles.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Rooms

Other Rooms Second Garage, Guest House, Guest HouseAttached, Two On A Lot

Interior

Interior Features Built-in Features, Crown Molding, In-Law Floorplan, Primary Suite

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Vinyl

Fireplace No

Appliance Gas Water Heater, Water Heater

Laundry Common Area

Exterior

Garage Attached Carport, Concrete, Carport, Driveway, Garage

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

Fence Wrought Iron

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks, Gated

View Y/N Yes

View City Lights

Roof Type Common Roof,Shingle

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

Additional Building Second Garage, Guest House, Guest HouseAttached, Two On A Lot

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 6020016025

Security Features Gated Community

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Owner Will Carry, Owner May Carry, Owner Survey, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Owner Will Carry, Owner May Carry, Owner Survey, VA Loan

Special Listing Condition Standard, Trust

Listed by Carlos Elizalde • Real Broker • 714-389-8310

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Paco Licea

Broker | License ID: 01337048

+1(951) 213-9131