Property Description

523 W 79th St is a four unit apartment complex located in South Los Angeles bringing in $8,575 per month! Constructed in 1910 and sitting on a large 6,505 SF Lot Zoned LAR1.5. Property consists of two buildings. Front house consists of (1) 3 Bedroom / 2 Bath and the back building consists of (3) 2 Bedroom / 1 Bath units totaling 2,880 SF. The property line is fully fenced on all 4 sides with front and back alley access. The property has ample on-site parking with 2 cars per unit. All Four Units have been remodeled including flooring, paint, bathrooms, & 3 units have granite countertops. The entire plumbing is copper. Each unit is separately metered for gas and electricity. Rent roll $1,875, $1,850, $2,000 and $2,850 (total of $8,575/mo). Current Cap Rate 6.52%, GRM 11.18 plus additional upside!