830 E 79th St, Los Angeles, CA 90001

830 E 79th St, Los Angeles, CA 90001

Los Angeles, CA
$785,000

Property Description

We are pleased to present 830 E 79th St, Los Angeles, CA 90001. Built in 1957, this 4-unit apartment building totals 2,000 rentable SF. This asset is in South Los Angeles within walking distance to grocery stores, restaurants and shops; easy access to I-110; right across from McKinley Ave Elementary School; about 5.6 miles to Downtown Los Angeles; and a mere 18-minute local drive to the New SoFi Stadium. 830 E 79th St, Los Angeles features one building with four one-bedroom one-bathroom units. The units are also separately metered for gas and electricity. This property boasts a parking structure in the rear back, allowing the right investor the potential to develop * an additional dwelling unit per AB 68 ( * buyer to verify. ) This is a great opportunity to acquire a desirable multi-family asset with substantial upside in the city of Los Angeles and would be a great addition to any investor’s portfolio.

Property Features

  • Sale Price: $785,000
  • Area Size: 5201 SF
  • Year Built: 1957
  • Listing Date: 5/11/2021
  • Units: 4
  • Current GRM: 13.44
  • Current Cap Rate: 4.73
  • Market GRM: 9.27
  • Market Cap Rate: 7.95
  • Current NOI: 37148

Lyon Stahl Investment Real Estate

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