5931 W 79th St - Multi-Family FOR SALE


Los Angeles, CA 90045- Westchester
$1,595,888 USD
310-561-2384
5931 W 79th St, Los Angeles, CA for Sale
$1,595,888 USD
Multi-Family - FOR SALE
1/16
null | 5.02% Cap Rate

5931 W 79th St
Los Angeles, CA 90045
Westchester


HIGHLIGHTS

  • (2) 2-bed/1-bath units & a vacant 2-bed/2-bath house with a den that has vaulted ceilings, a stone fireplace and a private backyard
  • New water heaters, new electrical panels, ABS piping, Trex deck and Tex Cote exterior paint, updated bathrooms, original hardwoods and Vinyl
  • Pride of Ownership – Property was owner occupied and meticulously cared and maintained by the family for over two decades
  • First time on the market in nearly 30 years – rare, one-of-a-kind asset in prime Westport Heights
  • 2,589 sq. ft. building on a 9,019 sq. ft. corner lot with long-term development potential
  • Three garages, 4 gated parking spaces, a storage shed, and ample street parking – ideal for owner-users or tenants.

OVERVIEW

First time on the market in nearly 30 years, 5931–5935 W 79th Street is a 2,589 sq. ft. one-of-a-kind building set on a 9,019 sq. ft. corner lot in Westchester’s desirable Westport Heights neighborhood. Located in a quiet, residential pocket near Loyola Marymount University, LAX, Otis College of Art, and close to Silicon Beach, SoFi Stadium, and nearby beach towns like Marina del Rey, Playa del Rey, and Manhattan Beach, this property offers both a prime location and significant long-term potential. The building features a vacant 2-bedroom/2-bathroom front house with a den and a private backyard and two 2-bedroom/1-bath units. The den is privately sectioned off and has been remodeled with vaulted ceilings, vinyl flooring and a stone fireplace, making it perfect for a savvy owner occupier looking to generate more income through home sharing. Additional features include three garages (2 vacant), 4 parking spaces, a shed, and ample street parking—making it ideal for multigenerational living, an owner-occupant, student, or creative professional. Recent upgrades include new water heaters installed in 2025, original hardwood floors and luxury vinyl flooring with oversized baseboards. The property also retains its original crown molding and has updated bathrooms, double pane windows, new electrical panels and new ABS sewage piping. The deck was replaced last year with Trex materials, and the entire building was repainted with Tex-Cote. The fully gated, oversized lot is surrounded by lush gardens, a low-scape yard with low water tolerant plants, an irrigation system, and a collection of mature exotic trees including Indian curry leaf, Thai kaffir lime, Vietnamese pomelo, avocado, palo verde, crape myrtle, and Japanese maple. This property is a fantastic option for an owner-occupant looking to live in one unit and rent out the others. With today’s rate buy-down programs, buyers may qualify for financing as low as 5.625%. Moreover, this turnkey, low-maintenance property offers tremendous upside: with the recent passage of SB1211, buyers can now build up to three additional units on the lot—without needing to remove existing parking.

FOR SALE DETAILS

PRICE

$1,595,888 USD

PRICE/SF

$616 USD /SF

# OF UNITS

3

PRICE/UNIT

$531,963

CAP RATE

5.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,017 SF

ZONING

LARD2

APN/PARCEL ID

4106-030-001

ASK ABOUT THIS PROPERTY

David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

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David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

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