1018 E 79th St
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1018 E 79th St
4 Unit Apartment Building $995,000 ($248,750/Unit) 7.90% Cap Rate Los Angeles, CA 90001
Investment Highlights
- FULLY Vacant 4 Unit
- ADU Potential/4 Garage Spots
- 7.90% CAP RATE
- Estimated ± 7% Yield On Cost
Executive Summary
We are pleased to present our newest exclusive listing in South Los Angeles. This charming Spanish style four unit property is fully vacant and presents a rare opportunity for an investor to come and put their own finishing touches, lease to their select tenants, and operate at an above average yield. The property is comprised of four large one bedroom – one bathroom units and has four covered parking spots. A new owner can explore converting the garage into an ADU or keeping as existing parking for tenants. The property is located on the corner of Central Ave and E 79th St, just a short drive north of Manchester Ave. For more information, please reach out directly to the listing agent.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $995,000 | Apartment Style | Garden |
| Price Per Unit | $248,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.90% | Building Size | 2,380 SF |
| Gross Rent Multiplier | 8.61 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1928 |
| Property Type | Multifamily | Parking Ratio | 1.68/1,000 SF |
| Property Subtype | Apartment |
| Price | $995,000 |
| Price Per Unit | $248,750 |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| Gross Rent Multiplier | 8.61 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,380 SF |
| No. Stories | 1 |
| Year Built | 1928 |
| Parking Ratio | 1.68/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,407 | 595 |
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 6029-004-008 | Total Assessment | $400,609 |
| Land Assessment | $235,654 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $164,955 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
6029-004-008
Land Assessment
$235,654
Improvements Assessment
$164,955
Total Assessment
$400,609
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | LARD2 (Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations) |
| LARD2 (Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations) |
-
Jonathan Weir -
Weir Group with Marcus and Millichap.
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1018 E 79th St
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