1018 E 79th St Los Angeles, CA 90001
Florence Neighborhood
4
Beds
4
Baths
2,380
Sq Ft
6,502
Sq Ft Lot
About This Home
As of April 2025The Weir Group is pleased to present our newest exclusive listing in South Los Angeles. This charming Spanish style four unit property is fully vacant and presents a rare opportunity for an investor to come and put their own finishing touches, lease to their select tenants, and operate at an above average yield. The property is comprised of four large one bedroom one bathroom units and has four covered parking spots. A new owner can explore converting the garage into an ADU or keeping as existing parking for tenants. The property is located on the corner of Central Ave and E 79th St, just a short drive north of Manchester Ave. For more information, please reach out directly to the listing agent.
Last Agent to Sell the Property
Marcus & Millichap License #02038545 Listed on: 11/11/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,302
Year Built
- Built in 1928
Interior Spaces
- 2,380 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- 4 Covered Spaces
- Covered Parking
Additional Features
- 6,502 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 4 Buildings
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 6029-004-008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 11, 2024
Closed on
Mar 25, 2025
Sold by
Sp 1018 79Th Llc
Bought by
Colomer Williams C Gaitan and Gaitan Monica Katty
Seller's Agent
Jonathan Weir
Marcus & Millichap
Buyer's Agent
Jose Gonzalez
Century 21 Allstars
List Price
$995,000
Sold Price
$900,000
Premium/Discount to List
-$95,000
-9.55%
Views
29
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,984
Avg. Annual Appreciation
-0.71%
Original Mortgage
$696,000
Outstanding Balance
$696,000
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$202,016
Purchase Details
Listed on
May 7, 2024
Closed on
Sep 16, 2024
Sold by
J Frederick Company Llc
Bought by
Sp 1018 79Th Llc
Seller's Agent
Robert Pitts
Robert Pitts Estates
Buyer's Agent
Robert Pitts
Robert Pitts Estates
List Price
$695,000
Sold Price
$650,000
Premium/Discount to List
-$45,000
-6.47%
Views
178
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
89.28%
Original Mortgage
$520,000
Interest Rate
6.49%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 26, 2022
Sold by
J Frederick Company Llc
Bought by
J Frederick Company Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 10, 2014
Sold by
Smith Marion Lavette
Bought by
The J Frederick Company Llc
Purchase Details
Closed on
Apr 22, 2014
Sold by
Smith Marion L
Bought by
Smith Marion Lavette
Purchase Details
Closed on
Apr 21, 2008
Sold by
Jones Frederick
Bought by
Jones Frederick and Frederick Jones Living Trust
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $900,000 | Old Republic Title Company | |
| Grant Deed | $650,000 | California Best Title | |
| Quit Claim Deed | -- | Stewart Title Company | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $696,000 | New Conventional | |
| Previous Owner | $520,000 | New Conventional | |
| Previous Owner | $400,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2025 04/01/25 | Sold | $900,000 | -5.3% | $378 / Sq Ft |
| 03/27/2025 03/27/25 | Pending | -- | -- | -- |
| 01/09/2025 01/09/25 | Price Changed | $950,000 | -4.5% | $399 / Sq Ft |
| 11/11/2024 11/11/24 | For Sale | $995,000 | +53.1% | $418 / Sq Ft |
| 09/27/2024 09/27/24 | Sold | $650,000 | -6.5% | $273 / Sq Ft |
| 08/14/2024 08/14/24 | Pending | -- | -- | -- |
| 05/07/2024 05/07/24 | For Sale | $695,000 | -- | $292 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,302 | $400,609 | $235,654 | $164,955 |
| 2023 | $5,207 | $392,755 | $231,034 | $161,721 |
| 2022 | $4,977 | $385,054 | $226,504 | $158,550 |
| 2021 | $4,908 | $377,505 | $222,063 | $155,442 |
| 2019 | $4,769 | $366,311 | $215,478 | $150,833 |
| 2018 | $4,659 | $359,129 | $211,253 | $147,876 |
| 2016 | $4,438 | $345,185 | $203,050 | $142,135 |
| 2015 | $4,377 | $340,000 | $200,000 | $140,000 |
| 2014 | $935 | $47,602 | $20,168 | $27,434 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Weir
Seller's Agent in 2025
Jonathan Weir
Marcus & Millichap
(310) 909-5500
1 in this area
67 Total Sales
-
Jose Gonzalez
J
Buyer's Agent in 2025
Jose Gonzalez
Century 21 Allstars
(323) 205-0107
1 in this area
10 Total Sales
-
Robert Pitts
Seller's Agent in 2024
Robert Pitts
Robert Pitts Estates
(310) 259-4137
1 in this area
65 Total Sales
Map
Source: The MLS
MLS Number: 24-462997
APN: 6029-004-008
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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