503 W 79th Street, Los Angeles, California 90044, Los Angeles, 90044 - 3 bed, 2 bath
ACTIVE$975,000
503 W 79th Street, Los Angeles, California 90044
3Beds
2Baths
900Sqft
6,502Lot
Year Built
2006
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$1,083
HOA
-
Days on market
-
Sold On
-
MLS number
SB25053691
Home ConditionGood
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $975.0K(81th), sqft - 900(9th), beds - 3(84th), baths - 2(84th).
This unique duplex, formerly a commercial property, now offers two well-maintained residences on a spacious corner lot. The primary home at 503 79th was built from the ground up in 2006 and features beautiful ceramic flooring in the kitchen and living room. The second home at 511 79th has been thoughtfully updated over the years with new walls, doors, and windows, blending classic charm with modern comforts. Both homes offer parking for up to five vehicles each, well-kept kitchens and bathrooms, and recent upgrades, including new toilets and bathtubs. Currently tenant-occupied with consistent, on-time rent payments, this property presents an excellent investment opportunity or a chance to own a multi-unit home in a desirable location.
Nearby schools
4/10
Manchester Avenue Elementary School
Public,•1-6•0.7mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•0.7mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.7mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.7mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.8mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.9mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.1mi
3/10
Loren Miller Elementary School
Public,•K-6•1.3mi
3/10
La Salle Avenue Elementary School
Public,•K-5•1.5mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•0.9mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.1mi
2/10
John Muir Middle School
Public,•6-8•1.4mi
1/10
Horace Mann Junior High School
Public,•6-8•1.7mi
3/10
John C. Fremont Senior High School
Public,•9-12•0.8mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.2mi
2/10
George Washington Preparatory High School
Public,•9-12•2.4mi
9/10
Middle College High School
Public,•9-12•3.4mi
Condition Rating
Good
The primary home was built in 2006, making it 18 years old, which falls within the 'Good' condition criteria for age. The listing states both residences feature 'well-kept kitchens and bathrooms' and 'recent upgrades, including new toilets and bathtubs.' The second home has also been 'thoughtfully updated over the years with new walls, doors, and windows.' While interior images are not provided to visually confirm the condition of kitchens, bathrooms, appliances, or specific finishes, the textual description suggests a property that is move-in ready with functional, well-maintained systems and recent minor updates, aligning with a 'Good' condition score.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Income-Generating Property: The property is a tenant-occupied duplex with consistent, on-time rent payments, offering an immediate and stable income stream for investors.
Multi-Unit Flexibility: As a duplex, it provides versatility for an owner-occupant to live in one unit and rent out the other, or for a pure investor seeking dual rental income.
Spacious Corner Lot: Situated on a generous 6502 sqft corner lot, the property offers enhanced privacy, potential for future expansion, or additional outdoor amenities.
Ample Parking: Both residences provide parking for up to five vehicles each, totaling ten spaces, which is a significant advantage in Los Angeles.
Well-Maintained & Updated: The primary home was built from the ground up in 2006, and the second home has been thoughtfully updated with new walls, doors, windows, toilets, and bathtubs, indicating good condition and reduced immediate maintenance.
Cons
Limited Total Living Space: With a total of only 900 sqft for two residences, the individual units are likely very compact, which may limit appeal to tenants or buyers seeking more spacious living arrangements.
Former Commercial Property: The property's past as a commercial building, while converted, could raise questions regarding zoning compliance, specific structural adaptations, or potential neighborhood perception.
Ambiguous Unit Configuration: The listing states 3 beds and 2 baths for the entire duplex. Combined with the small total square footage, this suggests a potentially unconventional or very compact unit layout, which might not suit all tenant or buyer preferences.