633 W 79th St, Los Angeles, CA 90044

Property Description

Calling all savvy investors: Discover the massive potential of this 5-unit income property in the heart of a vibrant, high-growth pocket of South Los Angeles. Currently comprised of four 1-bedroom units and one 2-bedroom unit, this fully tenant-occupied asset serves as a versatile canvas for a high-yield renovation or a fresh development. While the property shows deferred maintenance, it presents a rare "value-add" opportunity to modernize and maximize rental upside in a high-density urban market. Practicality meets potential with 5 assigned parking spaces accessible via the rear alley, providing a functional foundation for future plans. Nestled in a community celebrated for its rich cultural history and strong historic character, this property is perfectly positioned to benefit from the area's rapid evolution. Situated just minutes from world-class entertainment and transit hubs, including SoFi Stadium, the Kia Forum, and the Intuit Dome, with seamless access to LAX and major freeways, local parks, and shopping. Layout: This unique investment opportunity features 3 separate buildings on a single lot, providing a versatile layout comprised of two 1-bedroom units (left and right buildings) and a detached 2-bedroom unit at the rear. Whether you choose to revitalize the existing structure or leverage the LARD1.5 zoning, this can be a premier choice for significant long-term gains. Interested parties are encouraged to contact LA County to explore the full range of possibilities.