623 W 79Th Street

Los Angeles, CA 90044

$1,425,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

2011

calendar_month Built

Property Description

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.

Listing Information

List Price $1,425,000
Status Active
MLS PW24177852
Type Residential Income
Subtype Quadruplex
Year Built 2011
Lot Size 7,054
Structure Size N/A
DOM 2
Courtesy Of Real Broker
Listing Agent Carlos Elizalde DRE#02090487

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Laminate, Vinyl
Additional Information
Additional Features Built-in Features, Crown Molding, In-Law Floorplan, Primary Suite
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Other Structures
Structures Second Garage,Guest House,Guest HouseAttached,Two On A Lot
View Yes

Maps

Listing information courtesy of: Carlos Elizalde, Real Broker . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 17th, 2024 at 11:56 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.