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131 W 79th St, Los Angeles, CA 90003
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131 W 79th St Los Angeles, CA 90003

$650,000 Sold Price as of 07/21/2020
  • 6 Beds
  • 3 Baths
  • 2,070 Sq.Ft.
Sold
$650,000 Sold Price as of 07/21/2020 Refinance Your Mortgage
Map preview of 131 W 79th St, Los Angeles, CA 90003

Property Overview: 131 W 79th St Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,070 living square feet and 6,434 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: $200k price reduction from the original list price. This is NOT a mistake. Excellent opportunity for investors and owner users! Income property in the heart of Los Angeles with easy access to DTLA, LAX, and the new stadium in Inglewood. The Triplex is set up as three large detached units. Improvements include remodeling of kitchen and baths with new tile, flooring, and countertops, painting throughout, upgraded plumbing and electrical. The first house has 3beds/2baths, the second house has 2beds/1baths and basement, and the third unit has 1bed/1bath. Each unit has separate gas, electrical meters, and ample parking with a large four-car garage at the rear of the property. They are always rented with long term tenants in the desirable area. STRONG rental performance, long term excellent tenants, seldom does a vacancy occur in this area. All units (except one) currently occupied with high rents. Don’t miss out on this excellent investment!

Listed by Michael Berdelis | BRE #01234589 | 24 Hour Real Estate
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 137

Home details

Lot Sq. Ft
6,434
HOA Dues
$0/mo
Year built
1923
Garage
4 Car
Property Type:
Triplex
Status
Sold
MLS#
DW20013376
City
Los Angeles
County
Los Angeles
Time on Site
1354 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,339
  • Total Rent: $1,339
  • Pro Forma/Market Rent: $1,339
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $54,400
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • New Taxes: $8,113
  • Trash: $0
  • Gardener: $480
  • Insurance: $0
  • Water/Sewer: $0

Virtual Tour

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Property Details for 131 W 79th St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6031019019
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: S. Main St./W 79th St.
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 131 W 79th St

Last sold for $650,000 on July 21st, 2020

  • July, 2020

  • Jul 22, 2020

    Date

    Sold

    CRMLS: DW20013376

    $650,000

    Price

  • Jun 6, 2020

    Date

    Active Under Contract

    CRMLS: DW20013376

    $649,000

    Price

  • Jun 1, 2020

    Date

    Price Change

    CRMLS: DW20013376

    $649,000

    Price

  • Apr 25, 2020

    Date

    Price Change

    CRMLS: DW20013376

    $680,000

    Price

  • Apr 14, 2020

    Date

    Price Change

    CRMLS: DW20013376

    $749,000

    Price

  • Mar 24, 2020

    Date

    Price Change

    CRMLS: DW20013376

    $799,999

    Price

  • Jan 21, 2020

    Date

    Active

    CRMLS: DW20013376

    $849,950

    Price

  • July, 2020

  • Jul 17, 2020

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

  • December, 2005

  • Dec 7, 2005

    Date

    Sold (Public Records)

    Public Records

    $570,000

    Price

Show More

Tax History for 131 W 79th St

Assessed Value (2020): $540,000
Year Land Value Improved Value Assessed Value
2020 $350,500 $189,500 $540,000

Home Value Compared to the Market

This property vs the competition

131 W 79th St sold on July 21, 2020 for 42.05% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $313.53 per/sqft which puts the price per square foot 56.7% lower than the current median sale per square foot for the city of Los Angeles.

About 131 W 79th St

Detailed summary of property

131 W 79th St is a triplex that recently sold in Los Angeles, CA 90003. This triplex offered 6 bedrooms, 3 bathrooms, roughly 2,070 living square feet, and sits on an approximately 6,434 square foot lot. 131 W 79th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $650,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 42.05% lower than the current median priced home. Local homes that are currently for sale include 8319 S Hoover St, 731 E 84th St and 751 E 73rd St. While the average home in Los Angeles, CA is selling in 106 days, 131 W 79th St has a days on market of 137 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 131 W 79th St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 131 W 79th St

Public county record property details
Beds
5
Baths
3
Year built
1923
Sq. Ft.
2,070
Lot Size
6,433
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
273
APN
6031-019-019

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
49
Median Sale to List Price %
103%
Avg Days on Market
31
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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