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441 W 79Th St, Los Angeles, CA 90003
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441 W 79Th St Los Angeles, CA 90003

$1,295,000
  • 17 Beds
  • 8 Baths
  • 5,512 Sq.Ft.
Pending
$1,295,000 Get Pre-Qualified
Map preview of 441 W 79Th St, Los Angeles, CA 90003

Property Overview: 441 W 79Th St Los Angeles, CA has 17 bedrooms, 8 bathrooms, 5,512 living square feet and 7,395 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to offer the opportunity to acquire this four (4) unit multifamily investment opportunity located at 441 W. 79th Street, in the City of Los Angeles. This two-story building, consisting of two structures, was constructed of wood frame and stucco on a raised foundation built in 1925 with a square footage of 5,512 on a 7,393-square foot lot, zoned LAR3. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 4+2 units and one (1) 5+2 unit. The subject property is 75% vacant, (1 occupied unit) and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, secured gated entry, five (5) on-site parking garages, updated plumbing, and individually metered for gas and electricity.

Listed by Davis Saadian | BRE #01921748 | KW Advisors
Last checked: 2 minutes ago | Last updated: September 3rd, 2024 | Source CRMLS | DOM: 1

Home details

Lot Sq. Ft
7,395
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Pending
MLS#
24434395
City
Los Angeles
County
Los Angeles
Time on Site
26 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,728
  • Total Rent: $2,728
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8.85%
  • Gross Rent Multiplier: 7.33
  • Gross Scheduled Income: --
  • Net Operating Income: $114,552
  • Gross Operating Income: $176,736
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 441 W 79Th St

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Property Details for 441 W 79Th St

Interior Features
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Private, Garage
Property Information
  • Total # of Units: 4
  • Parcel Number: 6020035009
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 441 W. 79th Street | Los Angeles 90007
View more facts & features

Local Los Angeles Agent

Sale History for 441 W 79Th St

Last sold for $301,000 on December 28th, 2009

  • September, 2024

  • Sep 3, 2024

    Date

    Pending

    CRMLS: 24434395

    $1,295,000

    Price

  • Sep 2, 2024

    Date

    Active

    CRMLS: 24434395

    $1,295,000

    Price

  • August, 2024

  • Aug 22, 2024

    Date

    Canceled

    CRMLS: 24412857

    $1,295,000

    Price

  • Jul 9, 2024

    Date

    Active

    CRMLS: 24412857

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer the opportunity to acquire this four (4) unit multifamily investment opportunity located at 441 W. 79th Street, in the City of Los Angeles. This two-story building, consisting of two structures, was constructed of wood frame and stucco on a raised foundation built in 1925 with a square footage of 5,512 on a 7,393-square foot lot, zoned LAR3. The building has been fully updated and renovated by the architect-owner, and has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of four (3) 4+2 units and one (1) 5+2 unit. The subject property currently has two (2) vacant units, and a 3rd unit going through evictions) and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, secured gated entry, five (5) on-site parking garages, updated copper plumbing, and individually metered for gas and electricity. There are newer/ updated and fully permitted 100amp electrical, mechanical, and plumbing systems.

  • July, 2024

  • Jul 8, 2024

    Date

    Canceled

    CRMLS: 24388263

    $1,300,000

    Price

  • May 10, 2024

    Date

    Active

    CRMLS: 24388263

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer the opportunity to acquire this four (4) unit multifamily investment opportunity located at 441 W. 79th Street, in the City of Los Angeles. This two-story building, consisting of two structures, was constructed of wood frame and stucco on a raised foundation built in 1956 with a square footage of 5,512 on a 7,393-square foot lot, zoned LAR3. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of four (4) 4-bedroom +2-bathroom units. The subject property is 75% occupied, (1 vacant unit) and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, secured gated entry, five (5) on-site parking garages, updated copper plumbing, and individually metered for gas and electricity. - Please email for the Executive Summary

  • December, 2009

  • Dec 28, 2009

    Date

    Sold (Public Records)

    Public Records

    $301,000

    Price

  • August, 2007

  • Aug 27, 2007

    Date

    Sold (Public Records)

    Public Records

    $650,841

    Price

Show More

Tax History for 441 W 79Th St

Assessed Value (2020): $355,737
Year Land Value Improved Value Assessed Value
2020 $178,218 $177,519 $355,737

Home Value Compared to the Market

This property vs the competition

441 W 79Th St is listed 7.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771 and this home is listed at $234.94 per/sqft which puts the price per square foot 69.53% lower than the median price per square foot for the city of Los Angeles.

About 441 W 79Th St

Detailed summary of property

441 W 79Th St is a multi family located in Los Angeles, CA 90003 and is currently in escrow to be sold. This multi family property offers 17 bedrooms, 8 bathrooms, roughly 5,512 living square feet, and sits on an approximately 7,395 square foot lot. 441 W 79Th St was first listed on ArdentRealEstateGroup.com on September 2, 2024. The homeowner is currently asking $1,295,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 7.92% higher than the median priced home. Local competing homes currently for sale include 8018 Avalon Blvd, 9004 S San Pedro St and 804-806 E 76th Pl. While the average home in Los Angeles, CA is selling in 106 days, 441 W 79Th St has a days on market of 1 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 441 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 441 W 79Th St

Public county record property details
Beds
9
Baths
4
Year built
--
Sq. Ft.
5,512
Lot Size
7,392
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16,17
APN
6020-035-009

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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