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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559
Listing Snapshot
Days Online
25
Last Updated
Property Type
Quadruplex
Lot Size
0.16 Acres
Year Built
1921
MLS Number
SB25165097
30 Days Snapshot Of 90044
$729k
+12%
(avg) sold price
10
-9%
homes sold
78
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1921, Building area total: 3,226, 1 building, Common walls: NoCommonWalls
Community
Suburban, Sidewalks, Urban
Expenses
Operating expense: $26,472
Income
Gross income: $52,341, Net operating income: $24,299
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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