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540 79th Street

Los Angeles, CA 90044

$2,300,000 Sale Price
Est. Payment: $ 0/mo
12
Bed
0
Bath
5,721 Sq. Ft.
$402 / Sq. Ft.
Sold

540 79th Street

Los Angeles, CA 90044

Sold
$2,300,000 Sale Price
$0/mo
12
Bed
0
Bath
5,721
Sq. Ft.
This new construction green-certified QUADPLEX is located in the bustling city of Los Angeles! Each of the four units features 4 bedrooms. Two of these units comprise 2.5 bathrooms each, while the other two consist of three bathrooms each, resulting in a combined total of 16 bedrooms and 11 bathrooms. .Don't miss out on this extraordinary opportunity! This deal offers unparalleled luxury with high-end finishes and exceptional construction quality, all backed by an incredible 6.21% cap rate. The bedrooms are well-sized with ample closet space as well as bathrooms featuring sleek designs and top-quality fixtures. The open floor plans include a living room, dining area, and a gourmet kitchen with stainless steel appliances and quartz countertops. The property also features a private yard, in-unit laundry, and central HVAC. Each unit is separately metered, which means that the landlord does not have to cover any of the utility expenses. In addition, this opportunity also offers has a value-add component allowing the future owner to convert the three car garage into an ADU (accessory dwelling unit). This would provide the potential for additional income or a separate living space for a family member or tenant. The ADU could be customized to fit your specific needs and can include features such as a kitchen, bathroom, and living area. This unique feature of the property offers endless possibilities and could provide a great return on investment. The property is sold with a 1-year builder warranty, which provides additional peace of mind for the buyer. This property offers a unique blend of modern amenities, cost-saving features, and income potential, making it an ideal choice for any savvy investor looking to capitalize on the thriving Los Angeles rental market. The property's prime location also adds to its appeal, providing easy access to major roads and freeways, as well as public transportation, making it a highly desirable location for tenants. The bus line is just 500 feet away, while your nearest Starbucks is a convenient 2 miles. SoFi Stadium and the USC campus are within a 4-mile distance, and the Crypto Arena is only 5 miles away. Experience the advantages of earning positive cash flow, enjoying accelerated tax benefits through new construction, benefiting from low maintenance costs, and witnessing appreciation in one of the most robust historical markets in Los Angeles.
PROPERTY INFORMATION
MLS # OC23121539 Lot Size 7,580 Sq. Ft.
HOA Fees $0/Monthly Property Type Quadruplex
Price $ 2,300,000
Price Per SqFt: $ 402
DOM 652 Days
Address 540 79th Street Type Residential Income
City Los Angeles Sq.Ft. 5,721 Sq. Ft.
Postal Code 90044 Garage 3
County Los Angeles Year Built 2023
Bed / Bath 12 / 0 Parking 8
Built In 2023 Status Closed
Sold Date 2023-10-03
INTERIOR FEATURES
Has Laundry Yes
Laundry Information Gas Dryer Hookup, Washer Hookup
Has Fireplace No
Fireplace Information None
Has Appliances Yes
Kitchen Appliances Dishwasher, ENERGY STAR Qualified Appliances, Disposal, Gas Oven, Gas Range, Gas Cooktop, Range Hood, Tankless Water Heater, Vented Exhaust Fan
Has Heating Yes
Heating Information Central
Room Information Entry, Family Room, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Multi-Level Bedroom
Has Cooling Yes
Cooling Information Central Air
Flooring Information Wood
InteriorFeatures Information Granite Counters, Open Floorplan, Recessed Lighting, Storage, Tandem, Unfurnished
EntryLocation Ground Floor
Entry Level 1
Has Spa No
SpaDescription None
WindowFeatures Blinds, Double Pane Windows
SecuritySafety Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Gated Community, Smoke Detector(s)
EXTERIOR FEATURES
ExteriorFeatures Lighting, Rain Gutters
FoundationDetails Slab
Roof Composition
Has Pool No
Pool None
Has Fence Yes
Fencing Wood, Wrought Iron
WALKSCORE
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $2,453
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
08/02/2023 Relisted $2,300,000
Topfind Realty

Topfind Realty

REALTOR®

(844)-333-8033

Questions? Contact today.

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Listing provided courtesy of Drew Dunn, Four Brothers Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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