601 E 79th Street, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath
ACTIVE$648,888
601 E 79th Street, Los Angeles, California 90001
0Bed
0Bath
1,782Sqft
5,000Lot
Year Built
1954
Close
-
List price
$649K
Original List price
$649K
Price/Sqft
$364
HOA
-
Days on market
-
Sold On
-
MLS number
OC25066199
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $648.9K(43th), sqft - 1782(86th), beds - undefined(50th), baths - undefined(50th).
Great triplex with one bedroom and one bath each. They all have their own garage. A lot of upside in this property with the opportunity to convert garages into three separate ADU's.
Nearby schools
3/10
Mckinley Avenue Elementary School
Public,•K-6•0.2mi
3/10
South Park Elementary School
Public,•K-6•0.5mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•0.5mi
5/10
Wisdom Elementary School
Public,•K-6•0.7mi
4/10
Sixty-Sixth Street Elementary School
Public,•K-6•0.9mi
5/10
Russell Elementary School
Public,•K-6•0.9mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.0mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•1.3mi
3/10
Sixty-First Street Elementary School
Public,•K-6•1.6mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•0.8mi
1/10
Charles Drew Middle School
Public,•6-8•1.1mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.2mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.7mi
3/10
John C. Fremont Senior High School
Public,•9-12•0.3mi
Price History
Date
Event
Price
04/30/96
Sold
$675,454
03/15/96
Sold
$84,000
Condition Rating
Fair
Built in 1954, this triplex is 70 years old. The images reveal an interior that is functional but significantly outdated. The kitchen features old-style tile countertops, painted black cabinets, and basic, older appliances, indicating no major renovation in recent decades. The flooring throughout appears to be dated white square tiles, and the ceilings are popcorn style. While the property seems maintained and habitable, it clearly requires substantial cosmetic updates and likely system upgrades to meet modern standards. The description highlights its potential for ADU conversion, suggesting it's a value-add property rather than a move-in ready, updated home. This aligns with the 'Fair' category, indicating an aged but maintained property where major components are functional but show signs of being outdated, and it has not undergone a major renovation within the last 15-30 years.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, providing immediate rental income from three separate units, making it an attractive investment.
Significant ADU Conversion Potential: A major upside is the explicit opportunity to convert existing garages into three separate Accessory Dwelling Units (ADUs), which can substantially increase future rental income and property value.
Individual Garages for Each Unit: Each unit having its own garage is a valuable amenity for tenants, offering dedicated parking or storage, a strong selling point in urban environments.
Strategic Los Angeles Location: Located in Los Angeles, the property benefits from a strong rental market, high demand, and long-term appreciation potential inherent to a major metropolitan area.
Clear Value-Add Investment: The combination of existing income streams and the readily identifiable ADU conversion potential positions this property as an excellent value-add opportunity for investors seeking to enhance cash flow and equity.
Cons
Age of Property: Built in 1954, the property is 70 years old, suggesting potential for outdated systems (e.g., plumbing, electrical) and deferred maintenance, which may require significant capital expenditures.
Small Unit Configuration: All three units are 1 bedroom, 1 bathroom, which might limit the tenant pool and overall rental income potential compared to properties offering larger unit sizes.
Potential for Renovation Costs: Given its age and the lack of mention of recent upgrades, the property likely requires significant renovation beyond just ADU conversion to maximize rental income and tenant appeal, incurring additional costs for a buyer.