252 E 79Th St, Los Angeles, CA 90003
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252 E 79Th St Los Angeles, CA 90003

$812,500 Sold Price as of 05/08/2023
  • 7 Beds
  • 6 Baths
  • 3,477 Sq.Ft.
Sold
$812,500 Sold Price as of 05/08/2023 Refinance Your Mortgage

Map preview of 252 E 79Th St, Los Angeles, CA 90003

Property Overview: 252 E 79Th St Los Angeles, CA has 7 bedrooms, 6 bathrooms, 3,477 living square feet and 6,199 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Six unit apartment complex presenting an excellent Value add opportunity situated on large corner lot.

Listed by Olga Wright | BRE #01315042 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Evelyn Baez Gonzalez | BRE #02103055 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 2 minutes ago | Last updated: June 6th, 2024 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
6,199
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
SB23036043
City
Los Angeles
County
Los Angeles
Time on Site
489 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $850
  • Pro Forma/Market Rent: $2,666
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,070
  • Total Rent: $1,070
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $798
  • Total Rent: $798
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $845
  • Total Rent: $845
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $839
  • Total Rent: $839
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 13.64
  • Gross Scheduled Income: $67,824
  • Net Operating Income: $38,511
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $27,278
  • Electric: $0
  • Trash: $3,400
  • Insurance: $2,000
  • Professional Management: $0
  • Water/Sewer: $4,500

Property Details for 252 E 79Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: Stock Cooperative
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 6030002001
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East of Fwy 110 and South of Florence Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

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Sale History for 252 E 79Th St

Last sold for $812,500 on May 8th, 2023
  • June, 2024

  • Jun 6, 2024

    Date

    Withdrawn

    CRMLS: DW24091216

    $2,750,000

    Price

  • May 7, 2024

    Date

    Active

    CRMLS: DW24091216

    $2,750,000

    Price

  • Listing provided courtesy of CRMLS

    This property presents a unique investment opportunity with dual buildings: one featuring 6 units, and the other, two newly constructed ADUs. Currently, 5 of the 6 units are leased at $2,407/month each, with the potential to rent the remaining unit for $2,950/month. Additionally, the ADUs offer the potential for rental income of $3,950/month each. This diversified income stream makes it an attractive option for investors looking to expand their portfolio.

  • May, 2024

  • May 7, 2024

    Date

    Canceled

    CRMLS: DW24061232

    $2,750,000

    Price

  • Apr 2, 2024

    Date

    Active

    CRMLS: DW24061232

    $2,750,000

    Price

  • Listing provided courtesy of CRMLS

    Golden Goose! Fantastic CASH flow investment opportunity! All units are recently remodeled with market rate rents ,plus brand new 2 ADU 3 bed/with2 bathrooms each,will be done in 2 weeks . Total of 8 income,Total of 13 BEDROOMS and 10 BATHROOMS with whapping gross monthly income of $23,000 and Gross Annual income will be $274,629 with 7% cap WAW! Sit back and relax collecting the rents and enjoy this investment of one of a kind. In these difficult times where evicting the tenants or raising the rent is hard , this investment opportunity gives you peace of mind.

  • May, 2023

  • May 8, 2023

    Date

    Sold

    CRMLS: SB23036043

    $812,500

    Price

  • Mar 22, 2023

    Date

    Active

    CRMLS: SB23036043

    $925,000

    Price

Show More

Tax History for 252 E 79Th St

Assessed Value (2020): $373,183
Year Land Value Improved Value Assessed Value
2020 $120,099 $253,084 $373,183

Home Value Compared to the Market

This property vs the competition

252 E 79Th St sold on May 8, 2023 for 27.39% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $266.03 per/sqft which puts the price per square foot 66.37% lower than the current median sale per square foot for the city of Los Angeles.

About 252 E 79Th St

Detailed summary of property

252 E 79Th St is a apartment that recently sold in Los Angeles, CA 90003. This apartment offered 7 bedrooms, 6 bathrooms, roughly 3,477 living square feet, and sits on an approximately 6,199 square foot lot. 252 E 79Th St was first listed on ArdentRealEstateGroup.com on March 3, 2023. The homeowner sold the property for $812,500. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 27.39% lower than the current median priced home. Local homes that are currently for sale include 8115 S Figueroa St, 7407 S Figueroa St and 443 W 71st St. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 252 E 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 252 E 79Th St

Public county record property details
Beds
7
Baths
6
Year built
1955
Sq. Ft.
3,477
Lot Size
6,199
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
241
APN
6030-002-001

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
$575,000
Median List Price/Sq.Ft.
$583
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$479
Total Inventory
44
Median Sale to List Price %
94.02%
Avg Days on Market
140
Loan Type
Conventional (50%), FHA (16.67%), VA (0%), Cash (33.33%), Other (0%)

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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.