623 W 79th Street, Los Angeles, CA 90044

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Glen Henderson

[email protected] +1(619) 889-7646

$1,425,000

Est. payment - /mo

10 Beds

6 Baths

7,054 Sqft Lot

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UPDATED:

12/24/2024 07:42 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24177852

Bedrooms 10

HOA Y/N No

Lot Size 7,054 Sqft

Type of Financing Cash,Conventional,Exchange,FHA,Seller May Carry,VA

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.
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.

Location

State CA

County Los Angeles

Area Los Angeles (90044)

Zoning Estimated

Interior

Cooling Wall/Window

Air Conditioning Wall/Window

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $50

Acceptable Financing Cash, Conventional, Exchange, FHA, Seller May Carry, VA

Space Rent $2,300

Listing Terms Cash, Conventional, Exchange, FHA, Seller May Carry, VA

CFD/Mello-Roos Fee $606

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Listed by Carlos Elizalde • Real Broker

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

623 W 79th Street Los Angeles, CA 90044

Glen Henderson

Key Details

Location

Interior

Building

Others

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