5
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Listed by Brian Davis • Douglas Elliman of California
$2,350,000
Est. payment /mo
5,187 SqFt
Active
632 West 79th Street Los Angeles, CA 90044
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,187 sqft
Price per Sqft $453
MLS Listing ID OC-25090025
Year Built 2023
Lot Size 7,648 Sqft
Property Sub-Type Quadruplex
Property Description
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.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Central
Cooling None
Fireplaces Type None
Laundry Inside
Exterior
Parking Features Driveway
Garage Spaces 6.0
Pool None
Community Features Curbs
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
View Y/N No
View None
Building
Lot Description Level with Street, 2-5 Units/Acre
Sewer Public Sewer