Property Detail

Newly Constructed 4-Unit Investment Property with Upside Potential This recently built 4-unit property, completed in 2023 by Ocean Development, presents a prime investment opportunity for savvy investors. Currently fully leased with a total monthly rental income of $14,526, there is additional room for growth through future rent increases. Each unit boasts 3 bedrooms, 2+ bathrooms, and around 1,300 square feet of contemporary living space. Designed for convenience and appeal, each unit includes features such as solid wood kitchen cabinetry, dual-pane windows, central heating, and private in-unit laundry facilities. Tenants are responsible for their own utilities with separate electric, gas, and water meters. Additionally, owned solar systems help to reduce operating costs and increase profitability. Situated in a high-demand area without rent control, this property offers potential for continued rent appreciation. Parking is ample with two 3-car garages for the front and rear units, along with additional off-street parking options. For investors seeking a hassle-free investment, professional concierge property management services are available. This turnkey property provides immediate cash flow, long-term appreciation potential, and a low-maintenance investment opportunity.

Location

632 W 79th Street, Los Angeles, CA, 90044

Features