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623 79th Street
Los Angeles, CA 90044
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.
PROPERTY INFORMATION
| MLS # | PW24177852 | Lot Size | 7,054 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 1,425,000
Price Per SqFt: $ 324 |
DOM | 283 Days |
| Address | 623 79th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,404 Sq. Ft. |
| Postal Code | 90044 | Garage | 2 |
| County | Los Angeles | Year Built | 2011 |
| Bed / Bath | 10 / 0 | Parking | 8 |
| Built In | 2011 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Community |
| Has Appliances | Yes |
| Kitchen Appliances | Gas Water Heater, Water Heater |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Room Information | Bonus Room, Primary Bathroom, Primary Bedroom, Primary Suite |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Laminate, Vinyl |
| InteriorFeatures Information | Built-in Features, Crown Molding, In-Law Floorplan |
| EntryLocation | 1 |
| Entry Level | 1 |
| WindowFeatures | Double Pane Windows |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
| Roof | Common Roof, Shingle |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Wrought Iron |
WALKSCORE
Walk Score: 62 (Somewhat Walkable)
Transit Score: 64 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,520
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/27/2024 | Listed | $1,425,000 |
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Listing provided courtesy of Carlos Elizalde, Real Broker. 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.
