632 W 79th St Los Angeles, CA 90044
Vermont Knolls NeighborhoodEstimated payment $14,723/month
Highlights
- No HOA
- Laundry Room
- Wrought Iron Fence
- Solar owned by seller
- Central Heating
- Level Lot
About This Home
Prime Newer Construction 4-Unit Investment OpportunityBuilt in 2023 by Ocean Development, this fully leased 4-unit property offers strong cash flow with current monthly rental income of $14,526 — with additional upside through future rent increases. Each spacious unit features 3 bedrooms, 2+ bathrooms, and approximately 1,300 sq ft of modern, high-quality living space.Designed for low maintenance and maximum appeal, each unit includes solid wood kitchen cabinetry, dual-pane windows, central heating, and private in-unit laundry rooms. Separate electric, gas, and water meters ensure tenants pay their own utilities. Owned solar systems further reduce operational costs, maximizing your bottom line.Located in an area with strong tenant demand, the property is non-rent-controlled, offering flexibility for future rent growth. Parking is abundant with two 3-car garages servicing the front and rear units, plus additional off-street parking.Professional concierge property management is available, making this a turnkey, headache-free investment. A rare opportunity for investors seeking immediate cash flow, long-term appreciation, and a high-quality, easy-to-manage asset.
Listing Agent
Douglas Elliman of California Inc. Brokerage Phone: 9495629119 License #02067087 Listed on: 04/28/2025
Co-Listing Agent
Douglas Elliman of California Brokerage Phone: 9495629119 License #01764587
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,741
Year Built
- Built in 2023
Lot Details
- 7,648 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Wood Fence
- Level Lot
- Density is 2-5 Units/Acre
Parking
- 3 Open Parking Spaces
- 6 Car Garage
- 3 Carport Spaces
- Parking Available
- Driveway
Home Design
- Quadruplex
- Entry on the 1st floor
- Planned Development
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 5,187 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 12 Bedrooms
- 10 Bathrooms
Eco-Friendly Details
- Solar owned by seller
Utilities
- Central Heating
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 361
- Assessor Parcel Number 6032027026
- $337 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $3,000
- Maintenance Expense $1,200
- Other Expense $2,400
- Professional Management Expense $7,488
- Operating Expense $14,628
- Net Operating Income $131,559
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $27,741 | $2,340,900 | $1,560,600 | $780,300 |
| 2024 | $27,741 | $2,295,000 | $1,530,000 | $765,000 |
| 2023 | $9,512 | $765,000 | $612,000 | $153,000 |
| 2022 | $9,077 | $750,000 | $600,000 | $150,000 |
| 2021 | $3,974 | $310,731 | $248,698 | $62,033 |
| 2019 | $3,861 | $301,516 | $241,322 | $60,194 |
| 2018 | $3,763 | $295,605 | $236,591 | $59,014 |
| 2016 | $3,594 | $284,127 | $227,404 | $56,723 |
| 2015 | $3,544 | $279,860 | $223,989 | $55,871 |
| 2014 | $3,454 | $265,188 | $212,068 | $53,120 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | For Sale | $2,350,000 | +213.3% | $453 / Sq Ft |
| 11/24/2021 11/24/21 | Sold | $750,000 | +25.0% | $549 / Sq Ft |
| 10/25/2021 10/25/21 | Pending | -- | -- | -- |
| 10/22/2021 10/22/21 | For Sale | $599,999 | -- | $439 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Lawyers Title | |
| Grant Deed | $2,250,000 | Lawyers Title | |
| Grant Deed | $750,000 | First Amer Ttl Co Res Div | |
| Interfamily Deed Transfer | -- | Usa National Title Co | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,575,000 | New Conventional | |
| Previous Owner | $1,575,000 | No Value Available | |
| Previous Owner | $850,000 | Commercial | |
| Previous Owner | $75,000 | Construction | |
| Previous Owner | $850,000 | Construction | |
| Previous Owner | $229,000 | New Conventional | |
| Previous Owner | $230,000 | Unknown | |
| Previous Owner | $121,000 | Unknown |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25090025
APN: 6032-027-026
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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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