Prime Newer Construction 4-Unit Investment Opportunity
Built 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.
For sale
Listing Provided by:
Brian Davis DRE #02067087 9495629119,
Douglas Elliman of California,
Joshua Altman DRE #01764587,
Douglas Elliman of California
$2,350,000
632 W 79th St, Los Angeles, CA 90044
--beds
--baths
5,187sqft
Est.:
Quadruplex
Built in 2023
-- sqft lot
$2,313,200 Zestimate®
$453/sqft
$-- HOA
What's special
Modern high-quality living spaceSolid wood kitchen cabinetryPrivate in-unit laundry roomsCentral heatingDual-pane windows
- 66 days
- on Zillow |
- 25 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: April 29, 2025 at 06:46am
Listing Provided by:
Brian Davis DRE #02067087 9495629119,
Douglas Elliman of California,
Joshua Altman DRE #01764587,
Douglas Elliman of California
Source: CRMLS,MLS#: OC25090025
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Central
Cooling
- None
Appliances
- Included: Refrigerator
- Laundry: Inside
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 5,187
- Total interior livable area: 5,187 sqft
Property
Parking
- Total spaces: 12
- Parking features: Driveway
- Garage spaces: 6
- Carport spaces: 3
- Covered spaces: 9
- Uncovered spaces: 3
Features
- Levels: One,Two
- Stories: 1
- Entry location: front of property
- Pool features: None
- Spa features: None
- Fencing: Wood,Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 7,648 Square Feet
- Features: 2-5 Units/Acre, Street Level
Details
- Parcel number: 6032027026
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 2023
Utilities & green energy
- Electric: Photovoltaics Seller Owned, Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $453/sqft
- Tax assessed value: $2,295,000
- Annual tax amount: $27,741
- Date on market: 4/28/2025
- Listing terms: Conventional
- Total actual rent: 14526
- Tenant pays: All Utilities
- Loading
- Loading