632 W 79th Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

632 W 79th Street, Los Angeles, California 90044 home-pic-0
ACTIVE$2,350,000
632 W 79th Street, Los Angeles, California 90044
0Bed
0Bath
5,187Sqft
7,648Lot
Year Built
2023
Close
-
List price
$2.35M
Original List price
$2.35M
Price/Sqft
$453
HOA
-
Days on market
-
Sold On
-
MLS number
OC25090025
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $2.35M(97th), sqft - 5187(97th), beds - undefined(50th), baths - undefined(50th).

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.

Nearby schools

4/10
Manchester Avenue Elementary School
Public,1-60.6mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,K0.6mi
4/10
Sixty-Eighth Street Elementary School
Public,K-60.7mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,K-60.7mi
3/10
Raymond Avenue Elementary School
Public,K-50.8mi
3/10
Seventy-Fifth Street Elementary School
Public,K-60.8mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,K-61.1mi
3/10
La Salle Avenue Elementary School
Public,K-51.4mi
3/10
Loren Miller Elementary School
Public,K-61.5mi
2/10
Mary Mcleod Bethune Middle School
Public,6-81.0mi
2/10
Bret Harte Preparatory Middle School
Public,6-81.1mi
2/10
John Muir Middle School
Public,6-81.4mi
1/10
Horace Mann Junior High School
Public,6-81.6mi
3/10
John C. Fremont Senior High School
Public,9-120.9mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,9-121.3mi
2/10
George Washington Preparatory High School
Public,9-122.3mi
9/10
Middle College High School
Public,9-123.5mi

Price History

Date
Event
Price
01/17/23
Sold
$2,250,000
11/24/21
Sold
$750,000
Condition Rating
Excellent

This property was built in 2023, making it brand new construction. The description highlights 'modern, high-quality living space' with 'solid wood kitchen cabinetry, dual-pane windows, central heating, and private in-unit laundry rooms.' The images confirm contemporary kitchens with stainless steel appliances, modern bathrooms with new fixtures, and new LVP flooring throughout. All components are virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Newer Construction & Modern Units: Built in 2023, this property features four spacious, modern units (3 bed/2+ bath, ~1,300 sq ft each) with high-quality finishes including solid wood cabinetry, dual-pane windows, and in-unit laundry.
Strong Investment Fundamentals: Fully leased with a robust current monthly income of $14,526, the property is non-rent-controlled, offering significant upside for future rent growth in an area with strong tenant demand.
Low Operational Costs: Equipped with separate utility meters for each unit (electric, gas, water) and owned solar systems, significantly reducing owner expenses and maximizing net operating income.
Ample Parking: The property provides extensive parking options, including two 3-car garages and additional off-street parking, a valuable amenity in Los Angeles.
Turnkey & Low Maintenance: Designed for minimal upkeep and offering professional concierge property management services, this asset presents a headache-free, turnkey investment opportunity.

Cons

Lower-Rated Schools Nearby: Several nearby public schools have lower ratings (1-3 out of 10), which might be a consideration for tenants with school-aged children and could affect the property's broader appeal.
No Central Air Conditioning: While central heating is mentioned, the property description does not specify the presence of central air conditioning, which could be a significant drawback for tenants during Los Angeles's warmer months.
High Entry Price Point: The current list price of $2.35 million is at the higher end of recent sales history (sold for $2.25 million in 2023), potentially limiting immediate equity upside for a new investor.

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