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$ 750,000
Est. payment | /mo
8 Beds
4 Baths
$ 750,000
Est. payment | /mo
8 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25165097
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
722 W 79th St is a value-add 4-unit apartment building located in the heart of a rapidly growing pocket of Los Angeles. The property offers an ideal unit mix of four (4) 2-Bed/1-Bath units with over 130% rental upside. Aggressively priced at $230/SF, many comparable 4-plexes in the area are trading above $350/SF post-renovation. An investor has the potential to reposition the asset and exit at a valuation north of $1.1M. This property also works well as a-long term hold, with a pro forma cap rate of 12.02% based on conservative market rents. Sitting on a 7,056 SF lot, the oversized 3,226 SF building offers ample space and potential for value creation. Located just minutes from USC, Downtown LA, Exposition Park, BMO Stadium, the Arts District, Lucas Museum, LA Live, and more, 722 W 79th St stands to benefit from the billions of dollars in development transforming the surrounding area.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Located just west of Hoover St and south of Florence Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 6032027020
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc.
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