This 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.
Sold for $2,300,000
Listed by: Four Brothers Real Estate, Inc. • Drew Dunn • Contact: 949-413-7911
Bought with: Everyday Investment Group Inc
$2,300,000
540 W 79th St, Los Angeles, CA 90044
16beds
12baths
5,721sqft
Quadruplex
Built in 2023
-- sqft lot
$2,052,000 Zestimate®
$402/sqft
$2,608 Estimated rent
Home value
$2,052,000
$1.85M - $2.30M
$2,608/mo
Zestimate® history
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Private yardModern amenitiesAmple closet spaceOpen floor plansCentral hvacGourmet kitchenQuartz countertops
Zillow last checked:
Listing updated:
Listed by:
Drew Dunn DRE #01941825 949-413-7911,
Four Brothers Real Estate, Inc.
Bought with:
Duk Hee Kang, DRE #01980843
Everyday Investment Group Inc
Source: CRMLS,MLS#: OC23121539
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 12
Rooms
- Room types: Bedroom, Entry/Foyer, Family Room, Laundry, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: Bedroom on Main Level
Bedroom
- Features: Multi-Level Bedroom
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, ENERGY STAR Qualified Appliances, Gas Cooktop, Disposal, Gas Oven, Gas Range, Range Hood, Tankless Water Heater, Vented Exhaust Fan
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Granite Counters, Open Floorplan, Recessed Lighting, Storage, Tandem, Unfurnished, Bedroom on Main Level, Primary Suite
- Flooring: Wood
- Windows: Blinds, Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 5,721
- Total interior livable area: 5,721 sqft
Property
Parking
- Total spaces: 8
- Parking features: Attached Carport, Assigned, Controlled Entrance, Concrete, Covered, Door-Multi, Driveway Level, Door-Single, Driveway, Garage, Gated, On Site, Private, Garage Faces Rear, Side By Side, Tandem
- Garage spaces: 3
- Has carport: Yes
- Uncovered spaces: 5
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Ground Floor
- Exterior features: Lighting, Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Wood,Wrought Iron
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 7,580 Square Feet
- Features: 0-1 Unit/Acre, Front Yard, Garden, Lawn, Landscaped
Details
- Parcel number: 6032028018
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Aluminum Siding, Drywall, Concrete, Plaster, Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: Yes
- Year built: 2023
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Green energy
- Energy efficient items: Appliances
Community & HOA
Community
- Features: Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Gated
- Security: Carbon Monoxide Detector(s), Fire Detection System, Fire Sprinkler System, Gated Community, Smoke Detector(s)
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $402/sqft
- Tax assessed value: $2,345,989
- Annual tax amount: $28,155
- Date on market: 8/2/2023
- Cumulative days on market: 34 days
- Listing terms: Cash,Cash to New Loan,Conventional,Submit
- Inclusions: New Stainless Refrigerator, Stove and dishwashers for all units
- Tenant pays: All Utilities
- Road surface type: Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2023 | Sold | $2,300,000$402/sqft |
Source:  CRMLS #OC23121539 Report a problem | ||
| 9/6/2023 | Pending sale | $2,300,000$402/sqft |
Source: CRMLS #OC23121539 Report a problem | ||
| 8/2/2023 | Listed for sale | $2,300,000$402/sqft |
Source: CRMLS #OC23121539 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $28,155 +2% | $2,345,989 +2% |
| 2024 | $27,603 | $2,299,990 |
Find assessor info on the county website
Neighborhood: South Los Angeles
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Nearby schools
GreatSchools rating
- 4/10Loren Miller Elementary SchoolGrades: K-6Distance: 0.3 mi
- 3/10Mary Mcleod Bethune Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10John C. Fremont Senior High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$2,052,000
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Estimated market value
$2,052,000
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