Los Angeles, CA 90044 632 W 79th Street
$2,350,000
0 more
Presented By: Brian Davis with Douglas Elliman of California; 9495629119
Beds • 12
Baths • 8
SQFT • 5,187
Garage • 6
Year Built • 2023
Home Details
Prime Newer Construction 4-Unit Investment Opportunity
Built in 2023 by Ocean Development, this fully leased 4-unit property offers strong cash flow with current monthly rental income of $14,526 — with additional upside through future rent increases. Each spacious unit features 3 bedrooms, 2+ bathrooms, and approximately 1,300 sq ft of modern, high-quality living space.
Designed for low maintenance and maximum appeal, each unit includes solid wood kitchen cabinetry, dual-pane windows, central heating, and private in-unit laundry rooms. Separate electric, gas, and water meters ensure tenants pay their own utilities. Owned solar systems further reduce operational costs, maximizing your bottom line.
Located in an area with strong tenant demand, the property is non-rent-controlled, offering flexibility for future rent growth. Parking is abundant with two 3-car garages servicing the front and rear units, plus additional off-street parking.
Professional concierge property management is available, making this a turnkey, headache-free investment. A rare opportunity for investors seeking immediate cash flow, long-term appreciation, and a high-quality, easy-to-manage asset.
Presented By: Brian Davis with Douglas Elliman of California; 9495629119
Interior Features for 632 W 79th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 632 W 79th Street
Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.6
Carport Spaces3.0
Carport Y/NYes
CityLos Angeles
Community FeaturesCurbs
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
Current FinancingConventional
DirectionsBetween Hoover St and Figueroa St on South side of street
DisclosuresPrincipalIsRealEstateLicensed
ElectricPhotovoltaicsSellerOwned, Standard
Electric On Property Y/NNo
Entry Locationfront of property
Garage Spaces6.0
Garage Y/NYes
Gross Income0.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense3000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Listing TermsConventional
Lot Size Square Feet7648.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MaintenanceExpense1200.0
MobileHomeRemainsYNNo
Net Operating Income131559.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces3.0
Operating Expense42753.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot361
Tenant PaysAllUtilities
Total Actual Rent14526.0
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
Year Built2023
Year Built SourceBuilder
ZoningLARD1.5
Exterior for 632 W 79th Street
Building Area Total5187.0
Crops Included Y/NNo
FencingWood, WroughtIron
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, StreetLevel
Lot Size Acres0.1756
Lot Size Area7648.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking12.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Justin Hughey
Price
$2,350,000
MLS#OC25090025
List Date
04/28/2025
Property Type
Multi-Family
Phone
(562) 818-1655
