4 months on rocket

623 W 79th St, Los Angeles, CA, 90044

$1,425,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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623 W 79th St, Los Angeles$1,425,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAttached Carport, Concrete, Carport, Driveway, Garage
Garage2 spaces
Year Built2011
HeatingWall Furnace
CoolingWall/Window Unit(s)
ViewCity Lights
MLS #PW24177852
Lot Size0.16 Acres
StatusActive

About 623 W 79th St

ASSUMABLE 2.25% INTEREST RATE FHA Loan – 4 UNITS TOTAL - $7,940 GROSS MONTHLY INCOME Amazing investment opportunity with this meticulously maintained QUADRUPLEX in the heart of Los Angeles. UNIT 1: 3 Bedrooms and 2 Bathrooms, Unit 2: 3 Bedrooms 1 Bathroom, Unit 3: 2 Bedrooms 2 Bathrooms, Unit 4: 2 Bedrooms 1 Bathroom. Two front units built in 2011 and two back units built in 1948. Recent improvements include newer copper plumbing with replaced valves and faucets, and a complete electrical upgrade to 220 volts completed in 2011. The roofs of both the front and back buildings were replaced in 2023, and brand-new rain gutters were installed. Additionally, new windows were fitted in the back units last year. This quadruplex combines modern upgrades with enduring value in a sought-after location. With the opportunity to assume a low 2.25% FHA loan, this property is a compelling choice for savvy investors looking to own a prime income-generating asset in Los Angeles.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 2011
  • Stories: 2

Listing Office:

  • Office Name: Real Broker
  • Office Phone: (714) 389-8310
  • Listing Agent: Carlos Elizalde

Interior Features

Interior Information:

  • Appliances: Gas Water Heater, Water Heater
  • Flooring Type: Laminate, Vinyl
  • Interior: Built-in Features, Crown Molding, In-Law Floorplan, Primary Suite

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Attached Carport, Concrete, Carport, Driveway, Garage

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: 110 Fwy North , Exit 17 head North, West 76th St, South on South Figueroa, West at 78th St, Left then Right 79th St

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,425,000

Tax Information:

  • Annual Amount: $11,585
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

623 W 79th St vs Los Angeles

120 DAYS ON ROCKET

+82 Days

$1,425,000

+$403.4K More

KEY TAKEAWAY

This property is $403.4K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24177852

Listing Office:

  • Office Name: Real Broker
  • Office Phone: (714) 389-8310
  • Listing Agent: Carlos Elizalde

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/26/2024, 1:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 27, 2020Home Sold
$935,000
Mar 12, 2004Home Sold
$269,000
Jun 09, 1998Home Sold
$135,000

Tax History

YEARPROP. TAXASSESSMENT
2021$11,585$944,686
2020$8,506$690,189
2019$8,421$676,656
2018$8,246$663,389
2017$8,246$650,382

History based on county public records data.

Payment Calculator

$7,180

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,339

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1652368
4
/10

  • Loren Miller Elementary School

  • 830 W 77th St

  • 0.22 miles

  • Public District Grades KG-6

school-card-donut-1652369
6
/10

  • Kipp Empower Academy

  • 8466 S Figueroa St

  • 0.43 miles

  • Public Charter Grades KG-4

school-card-donut-1652370
3
/10

  • 75th Street Elementary School

  • 142 W 75th St

  • 0.56 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,074. The most common annual income of people living in Los Angeles, CA is less than $35k. Typical family type is single, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90044›623 W 79th St

This home is located at 623 W 79th St in Los Angeles, CA and zip code 90044 in the South LA neighborhood. This home, which was built in 2011, sits on a 0.16 acre lot. It has been listed on Rocket Homes since August 28, 2024 and is currently priced at $1,425,000.

In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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