252 E 79th St - Apartments FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$2,390,000 USD
714-608-3255
252 E 79th St, Los Angeles, CA for Sale
$2,390,000 USD
Apartments - FOR SALE
1/7
null | 7.66% Cap Rate

252 E 79th St
Los Angeles, CA 90003
Canndu/Avalon Gardens


HIGHLIGHTS

  • 7.7% CAP Rate and 11.3% Cash-on-Cash Return on Current Income
  • Attractive Unit Mix: (2) Newly Built Three-Bedroom ADUs, (1) Two-Bedroom Unit, & (5) One-Bedroom Units
  • Extensively Renovated Interiors Across All Units / 2025 Construction ADUs with Premium Modern Finishes
  • Separately Metered for Gas & Electricity / Low-Expense Asset with Consistent Cash Flow
  • New Electrical on Both Buildings
  • Prime Location Near Freeways, Schools, Shopping, & Employment Centers

OVERVIEW

Marcus & Millichap is pleased to present the 79th Street Apartments, an 8-unit multifamily property located in the rapidly evolving South Los Angeles submarket. The asset features (5) one-bedroom/ one-bathroom units, (1) two-bedroom/ one-bathroom unit, and (2) newly constructed Accessory Dwelling Units (ADUs) completed in 2025. The property sits on a corner lot totaling approximately 6,199 square feet. The original six units have been fully renovated to include new flooring, modern kitchens and bathrooms, upgraded fixtures, new electrical systems, and fresh paint. The two newly built three-bedroom/ two-bathroom ADUs are highly upgraded, offering modern kitchens and bathrooms with quartz countertops, recessed lighting, individual water heaters, and A/C units. Located just minutes from Downtown Los Angeles, USC, and major transit corridors including the 110 and 105 Freeways, this asset benefits from high rental demand and convenient access to job centers throughout the city. The 90003 zip code is undergoing significant transformation with new development, city reinvestment, and infrastructure improvements driving interest from investors. The area continues to show strong rental fundamentals, improving demographics, and considerable upside as surrounding neighborhoods gentrify. **Call/Email for Marketing Package**

FOR SALE DETAILS

PRICE

$2,390,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

8

PRICE/UNIT

$298,750

CAP RATE

7.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,199 SF

ZONING

LAR4

APN/PARCEL ID

6030-002-001

ASK ABOUT THIS PROPERTY

Greg BassirpouMarcus & MillichapMore Info
714-608-3255

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Greg BassirpouMarcus & MillichapMore Info
714-608-3255

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.