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

$800,000 Sold Price as of 01/11/2023
  • 7 Beds
  • 4 Baths
  • 1,842 Sq.Ft.
Sold
$800,000 Sold Price as of 01/11/2023 Refinance Your Mortgage
Map preview of 333 W 79th St, Los Angeles, CA 90003

Property Overview: 333 W 79th St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 1,842 living square feet and 6,489 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: *** Can be purchased individually or a part of a 48-unit portfolio, please contact LA1 for more information **333 West 79th is a value-add fourplex located in South Los Angeles operating at a 6.18% current CAP and offers investors approx. 40% upside in rents. Located just east of the 110 Freeway, the subject property is comprised of (3) 2-Bdrm. units and (1) 1-Bdrm. unit (spread across two buildings) that generate approx. $6,100+ in gross monthly income. Based on renovated units in the area, we believe a future investor could achieve $8,500+ in gross monthly income and operate the property at a 9.56% market CAP and 8.05 market GRM. The property amenities include on-site parking and a community laundry room.

Listed by Max Berger | BRE #02054048 | Compass
Last checked: 5 minutes ago | Last updated: January 31st, 2023 | Source CRMLS | DOM: 90

Home details

Lot Sq. Ft
6,489
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22199079
City
Los Angeles
County
Los Angeles
Time on Site
737 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,204
  • Total Rent: $2,204
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,108
  • Total Rent: $1,108
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,023
  • Total Rent: $1,023
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,768
  • Total Rent: $1,768
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.18%
  • Gross Rent Multiplier: 11.19
  • Gross Scheduled Income: --
  • Net Operating Income: $51,323
  • Gross Operating Income: $71,970
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 333 W 79th St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage - Single Door, Side by Side
Property Information
  • Total # of Units: 4
  • Parcel Number: 6031021006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is located just East of the 110 Freeway on W. 79th Street.
View more facts & features

Local Los Angeles Agent

Sale History for 333 W 79th St

Last sold for $800,000 on January 11th, 2023

  • January, 2023

  • Jan 11, 2023

    Date

    Sold

    CRMLS: 22199079

    $800,000

    Price

  • Sep 12, 2022

    Date

    Active

    CRMLS: 22199079

    $975,000

    Price

  • September, 2018

  • Sep 24, 2018

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

  • September, 2018

  • Sep 23, 2018

    Date

    Sold

    CRMLS: PW18182277

    $600,000

    Price

  • Aug 12, 2018

    Date

    Pending

    CRMLS: PW18182277

    $618,888

    Price

  • Jul 29, 2018

    Date

    Active

    CRMLS: PW18182277

    $618,888

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT opportunity. Large lot with 2 units in the front and 2 units above the new 4 car garage with up to 8 parking spaces in a well established residential neighborhood. Close access to public transportation. Many schools, churches, dining, restaurants, shopping centers and recreational centers centrally located for convenience.

  • July, 2018

  • Jul 27, 2018

    Date

    Canceled

    CRMLS: 18343470

    $399,500

    Price

  • Jul 19, 2018

    Date

    Price Change

    CRMLS: 18343470

    $399,500

    Price

  • Jul 18, 2018

    Date

    Active

    CRMLS: 18343470

    $629,500

    Price

  • Jul 13, 2018

    Date

    Active Under Contract

    CRMLS: 18343470

    $629,500

    Price

  • Jul 5, 2018

    Date

    Price Change

    CRMLS: 18343470

    $629,500

    Price

  • Jun 15, 2018

    Date

    Price Change

    CRMLS: 18343470

    $659,500

    Price

  • Jun 15, 2018

    Date

    Active

    CRMLS: 18343470

    $699,500

    Price

  • Jun 14, 2018

    Date

    Active Under Contract

    CRMLS: 18343470

    $699,500

    Price

  • May 18, 2018

    Date

    Price Change

    CRMLS: 18343470

    $699,500

    Price

  • May 12, 2018

    Date

    Active

    CRMLS: 18343470

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    AUCTION STYLE BIDDING BEGINS!!!! SUBMIT YOUR HIGHEST AND BEST NOW!!!! THERE IS NO DUE DATE!!!!! ORIGINALLY LISTED AT $699,000!!!! MINIMUM ACCEPTABLE OPENING BID IS $399,000 SUBJECT TO SELLERS NON DISCLOSED RESERVE PRICE!!!Take a look at this amazing 4 Units with 4 BRAND NEW individual garage doors for each units and plenty of parking spaces in the back. Priced to move quick!!! The property is centrally located close to USC, DTLA, Shopping centers, schools, public transportation and major freeways. This property is near future upcoming major redevelopment areas for any type of equity building investment purposes. Hurry this won't last long!!!!!

  • May, 2018

  • May 8, 2018

    Date

    Canceled

    CRMLS: MB18078367

    $630,000

    Price

  • Apr 18, 2018

    Date

    Active

    CRMLS: MB18078367

    $630,000

    Price

  • Listing provided courtesy of CRMLS

    What can be better than a Quadruplex in the Heart of LA? One with individual garages for each unit! This Ideal property features 4 units: 2 front attached units and 2 attacehed units above the garages. Don't miss this opportunity to purchase this home for only $342.02 per square foot. Excellent Rental Income Property for consistent Cash flow or live smart by renting 3 and occupying 1, your choice! Centrally located to public transportation, new construction housing, shopping centers, schools and just a hop and a skip way from the 105/110 freeway adjacent Inglewood Redevelopment Area. Everywhere you look there are new ventures and growth! Parking is no issue here as there is plenty of on site surface parking with space to entertain and not feel like you’re in an enclosed apartment complex! Act now, this is the one!

  • November, 2005

  • Nov 1, 2005

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

Show More

Tax History for 333 W 79th St

Assessed Value (2020): $612,000
Year Land Value Improved Value Assessed Value
2020 $357,000 $255,000 $612,000

Home Value Compared to the Market

This property vs the competition

333 W 79th St sold on January 11, 2023 for 25.89% 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 $450.6 per/sqft which puts the price per square foot 37.76% lower than the current median sale per square foot for the city of Los Angeles.

About 333 W 79th St

Detailed summary of property

333 W 79th St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 1,842 living square feet, and sits on an approximately 6,489 square foot lot. 333 W 79th St was first listed on ArdentRealEstateGroup.com on September 13, 2022. The homeowner sold the property for $800,000. 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 25.89% lower than the current median priced home. Local homes that are currently for sale include 441 W 69th St, 7011 Bonsallo Ave and 6816 Denver Ave. While the average home in Los Angeles, CA is selling in 106 days, 333 W 79th St has a days on market of 90 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 333 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 333 W 79th St

Public county record property details
Beds
6
Baths
4
Year built
1938
Sq. Ft.
1,842
Lot Size
6,489
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
95
APN
6031-021-006

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.
$574
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
47
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%)

Thinking of Selling?

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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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