Los Angeles, CA 90003,426 E 79th St
Los Angeles, CA 90003,426 E 79th St
Los Angeles, CA 90003,426 E 79th St
5
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$890,000
Est. payment /mo
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8 Beds
4 Baths
2,848 SqFt
Active Under Contract

426 E 79th St Los Angeles, CA 90003

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,848 sqft

Price per Sqft $312

MLS Listing ID 25593181

Bedrooms 8

Year Built 1965

Lot Size 4,775 Sqft

Acres 0.1096

Property Sub-Type Multi-Family

Property Description

426 E 79th St | 4-Unit Multifamily in South Los Angeles. 1965 construction on a 4,775 SF R2-1 lot with 2,848 SF of living area; efficient layouts with (4) 2-bed / 1-bath units. (1 Vacant) One unit to be delivered vacant at close, allowing immediate lease-up at market rents or potential owner-occupancy. Two units stabilized under Section 8 contracts provide guaranteed income. Attractive sub-$900k price point with a ~7.43% current cap and ~10.85% pro forma; strong tenant demand and ~43% rental upside in a transit-connected South LA neighborhood.

Location

State CA

County Los Angeles

Area Metropolitan South

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment None

Exterior

Parking Features Driveway

Garage Spaces 4.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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Roddy De La Garza

Roddy De La Garza

Broker Associate | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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426 E 79th St