916 E 79th, Los Angeles, California 90001, Los Angeles, 90001 - 0 bed, 0 bath
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Los Angeles, California 90001
This 1941 Quadruplex Asset is a High-Potential Investment Opportunity listed at $970,000. While the price exceeds the $914,026 Fair Market Value, the asset is positioned $130,000 below its 2019 sale price, offering $130,000 in Equity Potential relative to historical market peaks. With a Condition Rating of 5, the property requires capital improvements to major systems including plumbing and roofing to meet modern codes. Located near top-rated elementary schools like Wisdom and Russell, this high-density lot provides strong rental demand. This acquisition is ideal for Buy-and-Hold Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 916 E 79th Subject | $970,000* List Price | 0 | 0 | 2,264 | $404 | - |
A 1235 E 75th Street Sold | $840,000 | 0 | 0 | 1,756 | $478 | 0.5 mi |
B 7659 Miramonte Boulevard Sold | $750,000 | 0 | 0 | 1,400 | $536 | 0.7 mi |
C 912 E 79th Active | $940,000 List Price | 0 | 0 | 2,352 | $400 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1941, this quadruplex shows clear signs of aging infrastructure and deferred maintenance. The property analysis explicitly identifies the need for substantial capital improvements to major systems, including plumbing, electrical, and roofing, to meet modern building codes. Furthermore, the current list price is significantly lower than its 2019 sale price, suggesting the property requires significant rehabilitation and system replacements.
As a quadruplex, this property offers a diversified revenue stream and high density on a 5,200 sqft lot, making it an ideal asset for investors seeking consistent cash flow in the Los Angeles rental market.
The current list price of $970,000 is significantly lower than the 2019 sale price of $1.1 million, providing a rare opportunity to acquire a multi-family property with immediate equity potential.
The property is exceptionally well-located for families, with McKinley Avenue Elementary School situated less than 0.2 miles away and several other elementary options within a half-mile radius.
Built in 1941, the property may require substantial capital improvements to modernize major systems such as plumbing, electrical, and roofing to meet current building codes and tenant expectations.
The local middle schools serve as a drawback for long-term family stability, with nearby institutions like Charles Drew Middle School carrying a rating of 1, which may impact tenant retention.
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,264 | 2,038 | 68% |
| Lot Size | 5,200 | 5,152 | 50% |
| Price | $970.0K | $764.5K | 77% |
| Price per sq ft | $428 | $399 | 59% |
| Built year | 1941 | 1928 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 151 | 5% |
Mar 14, 2026
$970,000
Initial Listing
Feb 7, 2019
$1,100,000
Public Record