D
Seller's Agent in 2023
Drew Dunn
Four Brothers Real Estate, Inc.
(949) 413-7911
1 in this area
16 Total Sales
540 W 79th St Los Angeles, CA 90044
Vermont Knolls Neighborhood
12
Beds
9
Baths
5,721
Sq Ft
7,580
Sq Ft Lot
Highlights
- New Construction
- Gated Parking
- Open Floorplan
- Primary Bedroom Suite
- Gated Community
- Contemporary Architecture
About This Home
As of October 2023This new construction green-certified QUADPLEX is located in the bustling city of Los Angeles! Each of the four units features 4 bedrooms. Two of these units comprise 2.5 bathrooms each, while the other two consist of three bathrooms each, resulting in a combined total of 16 bedrooms and 11 bathrooms. .Don't miss out on this extraordinary opportunity! This deal offers unparalleled luxury with high-end finishes and exceptional construction quality, all backed by an incredible 6.21% cap rate. The bedrooms are well-sized with ample closet space as well as bathrooms featuring sleek designs and top-quality fixtures. The open floor plans include a living room, dining area, and a gourmet kitchen with stainless steel appliances and quartz countertops. The property also features a private yard, in-unit laundry, and central HVAC. Each unit is separately metered, which means that the landlord does not have to cover any of the utility expenses. In addition, this opportunity also offers has a value-add component allowing the future owner to convert the three car garage into an ADU (accessory dwelling unit). This would provide the potential for additional income or a separate living space for a family member or tenant. The ADU could be customized to fit your specific needs and can include features such as a kitchen, bathroom, and living area. This unique feature of the property offers endless possibilities and could provide a great return on investment. The property is sold with a 1-year builder warranty, which provides additional peace of mind for the buyer. This property offers a unique blend of modern amenities, cost-saving features, and income potential, making it an ideal choice for any savvy investor looking to capitalize on the thriving Los Angeles rental market. The property's prime location also adds to its appeal, providing easy access to major roads and freeways, as well as public transportation, making it a highly desirable location for tenants. The bus line is just 500 feet away, while your nearest Starbucks is a convenient 2 miles. SoFi Stadium and the USC campus are within a 4-mile distance, and the Crypto Arena is only 5 miles away. Experience the advantages of earning positive cash flow, enjoying accelerated tax benefits through new construction, benefiting from low maintenance costs, and witnessing appreciation in one of the most robust historical markets in Los Angeles.
Last Agent to Sell the Property
Four Brothers Real Estate, Inc. License #01941825 Listed on: 08/02/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,603
Year Built
- Built in 2023 | New Construction
Lot Details
- 7,580 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Wood Fence
- Landscaped
- Lawn
- Garden
- Front Yard
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
- 5 Open Parking Spaces
- Attached Carport
- Parking Available
- Rear-Facing Garage
- Side by Side Parking
- Tandem Covered Parking
- Two Garage Doors
- Driveway Level
- Gated Parking
- Assigned Parking
- Controlled Entrance
Home Design
- Contemporary Architecture
- Quadruplex
- Slab Foundation
- Fire Rated Drywall
- Composition Roof
- Wood Siding
- Aluminum Siding
- Pre-Cast Concrete Construction
- Plaster
Interior Spaces
- 5,721 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Recessed Lighting
- Double Pane Windows
- Blinds
- Entryway
- Family Room
- Living Room
- Storage
- Wood Flooring
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Cooktop
- Range Hood
- Dishwasher
- ENERGY STAR Qualified Appliances
- Granite Countertops
- Disposal
Bedrooms and Bathrooms
- 12 Bedrooms
- Main Floor Bedroom
- Primary Bedroom Suite
- Multi-Level Bedroom
- 9 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- Tankless Water Heater
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 368
- Assessor Parcel Number 6032028018
- $484 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gardener Expense $1,200
- Insurance Expense $2,494
- Maintenance Expense $1,751
- New Taxes Expense $26,807
- Operating Expense $32,252
- Gross Income $182,400
- Net Operating Income $142,852
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 15, 2024
Sold by
Lee Kenneth Kyung-Hoon and Sung Kyung
Bought by
Kenneth Lee And Sung Lee Revocable Trust and Lee
Purchase Details
Listed on
Aug 2, 2023
Closed on
Aug 14, 2023
Sold by
Dunn Development Ii Llc
Bought by
Lee Kenneth Kyung-Hoon and Lee Sung Kyung
Seller's Agent
Drew Dunn
Four Brothers Real Estate, Inc.
Buyer's Agent
Duk Hee Kang
Everyday Investment Group Inc
List Price
$2,300,000
Sold Price
$2,300,000
Views
21
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
7.09%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kenneth Lee And Sung Lee Revocable Trust | -- | None Listed On Document | |
| Lee Kenneth Kyung-Hoon | $2,300,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lee Kenneth Kyung-Hoon | $1,300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/03/2023 10/03/23 | Sold | $2,300,000 | 0.0% | $402 / Sq Ft |
| 09/05/2023 09/05/23 | Pending | -- | -- | -- |
| 08/02/2023 08/02/23 | For Sale | $2,300,000 | 0.0% | $402 / Sq Ft |
| 07/28/2023 07/28/23 | Off Market | $2,300,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $27,603 | $2,299,990 | $799,990 | $1,500,000 |
Source: Public Records
Agents Affiliated with this Home
-
Drew Dunn
-
Duk Hee Kang
D
Buyer's Agent in 2023
Duk Hee Kang
Everyday Investment Group Inc
(714) 244-5225
1 in this area
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23121539
APN: 6032-028-030
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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