#DW24254803, Patrice Howard, Listing office: 1st Property Real Estate
#SB25165097·
Listing office: Lyon Stahl Investment Real Estate, Inc.·
Listing agent: Aaron Jacobson·
Listing office phone: 310-729-1559
$750,000 List price
722 W 79th St Los Angeles, CA 90044
0.2 acres
Multi-Family
Property details
About 722 W 79th St
722 W 79th St is a value-add 4-unit apartment building located in the heart of a rapidly growing pocket of Los Angeles. The property offers an ideal unit mix of four (4) 2-Bed/1-Bath units with over 130% rental upside. Aggressively priced at $230/SF, many comparable 4-plexes in the area are trading above $350/SF post-renovation. An investor has the potential to reposition the asset and exit at a valuation north of $1.1M. This property also works well as a-long term hold, with a pro forma cap rate of 12.02% based on conservative market rents. Sitting on a 7,056 SF lot, the oversized 3,226 SF building offers ample space and potential for value creation. Located just minutes from USC, Downtown LA, Exposition Park, BMO Stadium, the Arts District, Lucas Museum, LA Live, and more, 722 W 79th St stands to benefit from the billions of dollars in development transforming the surrounding area.
Highlights
Home typeQuadruplex
StatusActive
Lot size0.162 Acres
Year built1921
MLS #SB25165097
Summary
- Private Pool: No
- List Price: $750,000
- Annual Tax Amount: $7,613
- Tax Year: 2024
- Directions: Located just west of Hoover St and south of Florence Ave
- Year Built: 1921
- Stories: 2
- Lot Size: 0.162 Acres
- MLS Number: SB25165097
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 729-1559
- Listing Agent: Aaron Jacobson
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 6:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 20, 2018 | Home Sold | $535,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $585,097 | $7,613 |
| 2023 | $573,626 | $7,478 |
| 2022 | $562,379 | $7,149 |
| 2021 | $551,353 | $7,047 |
| 2020 | $545,700 | $6,846 |
| 2019 | $535,000 | $1,409 |
| 2018 | $82,793 | $1,387 |
| 2017 | $81,171 | $1,387 |
History based on county public records data.
Nearby schools
4
Loren Miller Elementary School
Public District KG-6
0.2 mi
•830 W 77th St
6
Kipp Empower Academy
Public Charter KG-4
0.4 mi
•8466 S Figueroa St
6
Manchester Elementary School
Public District 1-6
0.6 mi
•661 W 87th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $19,884. The majority of Los Angeles, CA residents have income less than $<35k annually. Typical family type is single, with kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
73%
<35k
22%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
34%
Single, No Kids
36%
Single, with Kids
8%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
25%
<11 yrs old
11%
12-17 yrs old
28%
18-34 yrs old
33%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
H&M
Foot Locker
Where do the neighbors go to eat?
Jack In The Box
Boston Market
Little Caesars
What do the neighbors drive?
Nissan
Honda
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 722 W 79th St
The listing price of 722 W 79th St property is $750,000.
The property 722 W 79th St is a multi located in Los Angeles, California, 90044.
Active Listing: 722 W 79th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 722 W 79th St are: Loren Miller Elementary School (GreatSchools Rating 4/10), Kipp Empower Academy (GreatSchools Rating 6/10), Manchester Elementary School (GreatSchools Rating 6/10), Kipp Academy of Opportunity (GreatSchools Rating 3/10), Vox Collegiate of los Angeles (GreatSchools Rating 7/10), Bethune Middle School (GreatSchools Rating 4/10), Youth Opportunities Unlimited (GreatSchools Rating 2/10), Alliance Piera Barbaglia Shaheen Health Services Academy (GreatSchools Rating 5/10), John C. Fremont High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $7,613 (source: MLS/based on county public records data).
The last sale was on September 20, 2018 for $535,000 (source: MLS/tax record).
The year of construction for 722 W 79th St is 1921.
This home is located at 722 W 79th St in Los Angeles, CA and zip code 90044 in the South LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 23, 2025 and is currently priced at $750,000.
Los Angeles, CA housing market in June 2025 saw over 282 listings sold above listed price, more than 108 sold at listed price and over 339 sold below. In June 2025 in Los Angeles, CA there were 9% more homes for sale than in May. The median list price of listings available in June 2025 was $876,067, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.