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$2,390,000
Est. payment /mo
6,198 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25169862
HOA Y/N No
Year Built 1955
Lot Size 6,198 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present the 79th Street Apartments, an 8-unit multifamily property located in the rapidly evolving South Los Angeles submarket. The asset features (5) one-bedroom/ one-bathroom units, (1) two-bedroom/ one-bathroom unit, and (2) newly constructed Accessory Dwelling Units (ADUs) completed in 2025. The property sits on a corner lot totaling approximately 6,199 square feet.
The original six units have been fully renovated to include new flooring, modern kitchens and bathrooms, upgraded fixtures, new electrical systems, and fresh paint. The two newly built three-bedroom/ two-bathroom ADUs are highly upgraded, offering modern kitchens and bathrooms with quartz countertops, recessed lighting, individual water heaters, and A/C units.
Located just minutes from Downtown Los Angeles, USC, and major transit corridors including the 110 and 105 Freeways, this asset benefits from high rental demand and convenient access to job centers throughout the city. The 90003 zip code is undergoing significant transformation with new development, city reinvestment, and infrastructure improvements driving interest from investors. The area continues to show strong rental fundamentals, improving demographics, and considerable upside as surrounding neighborhoods gentrify.
The original six units have been fully renovated to include new flooring, modern kitchens and bathrooms, upgraded fixtures, new electrical systems, and fresh paint. The two newly built three-bedroom/ two-bathroom ADUs are highly upgraded, offering modern kitchens and bathrooms with quartz countertops, recessed lighting, individual water heaters, and A/C units.
Located just minutes from Downtown Los Angeles, USC, and major transit corridors including the 110 and 105 Freeways, this asset benefits from high rental demand and convenient access to job centers throughout the city. The 90003 zip code is undergoing significant transformation with new development, city reinvestment, and infrastructure improvements driving interest from investors. The area continues to show strong rental fundamentals, improving demographics, and considerable upside as surrounding neighborhoods gentrify.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LAR4
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Private Pool No
Building
Lot Description Corner Lot, Near Public Transit
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6030002001
Energy Description 2575.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by Greg Bassirpou Marcus & Millichap RE Invest gbassirpou@marcusmillichap.com
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