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1201 E 78Th St Los Angeles, CA 90001

$975,000

6 Beds
4 Baths
2,589 Sq.Ft.

Pending

$975,000 Get Pre-Qualified

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Map preview of 1201 E 78Th St, Los Angeles, CA 90001

Property Overview: 1201 E 78Th St Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,589 living square feet and 4,931 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: *****Back on the Market***FHA Ready! Great opportunity to own a triplex with potential to add more units. Live in one and rent the rest. Main house has 3 bedrooms and 1 bathroom. Back units consist of a 2bedroom 1 bathroom unit and one unit marked as a single unit. Property has a non-conforming unit at the bottom, making it seemed like 4 units for the price of 3. It also has a 3 car garage that can possibly become an ADU. All units have been remodeled and ready to rent at top market rents. No rent control, property sits on County line and is not consider Los Angeles City. New roof on both buildings

Listed by TONY SANCHEZ | BRE #01291626 | BLUE SKY REAL ESTATE CENTER

Last checked: 4 minutes ago | Last updated: April 26th, 2024 | Source CRMLS | DOM: 15

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Home details

Lot Sq. Ft: 4,931
HOA Dues: $0/mo
Year built: 1960
Garage: 3 Car
Property Type:: Triplex

Status: Pending
MLS#: IV24071251
City: Los Angeles
County: Los Angeles
Time on Site: 20 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2
# of Electric Meters: 3
# of Gas Meters: 3
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $3,500

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,000

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $0
Net Operating Income: $0
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $0
Trash: $200
Insurance: $3,500
Water/Sewer: $180

Open Houses for 1201 E 78Th St

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Property Details for 1201 E 78Th St

Interior Features

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 3

Lot Information

Lot Features: Back Yard
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 3
Parcel Number: 6024015017
Year Built Source: Assessor
Entry Level: 4
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: East of Central Ave South Florence Ave

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Los Angeles Agent

Sale History for 1201 E 78Th St

View property's historical transactions

April, 2024
Apr 25, 2024

Date

Pending

CRMLS: IV24071251

$975,000

Price
Apr 10, 2024

Date

Active

CRMLS: IV24071251

$970,000

Price
April, 2024
Apr 10, 2024

Date

Expired

CRMLS: IV24029235

$970,000

Price
Feb 10, 2024

Date

Active

CRMLS: IV24029235

$949,000

Price
Listing provided courtesy of CRMLS

*****Back on the Market***FHA Ready! Great opportunity to own a triplex with potential to add more units. Live in one and rent the rest. Main house has 3 bedrooms and 1 bathroom. Back units consist of a 2bedroom 1 bathroom unit and one unit marked as a single unit. Property has a non-conforming unit at the bottom, making it seemed like 4 units for the price of 3. It also has a 3 car garage that can possibly become an ADU. All units have been remodeled and ready to rent at top market rents. No rent control, property sits on County line and is not consider Los Angeles City. New roof on both buildings. Subject to current escrow cancellation.

Continue Reading
February, 2023
Feb 1, 2023

Date

Expired

CRMLS: IG22090823

$635,000

Price
May 2, 2022

Date

Active

CRMLS: IG22090823

$699,999

Price
Listing provided courtesy of CRMLS

****BACK ON THE MARKET!!****Calling ALL Investors!! First time on the Market, Now is your chance to own this Tri-Plex Gem in the heart of Los Angeles within minutes of tons of California's Most Well Known Landmarks and event centers! This property has lots of potential and is currently being sold in AS-IS condition and seller is looking for an ALL cash buyer. This property is currently tenant owned and would be a great addition to your investment portfolio!! Hurry, Bring your Best Offers, Won't Last!!

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November, 2022
Nov 22, 2022

Date

Canceled

CRMLS: IG22146894

$650,000

Price
Jul 5, 2022

Date

Active

CRMLS: IG22146894

$665,000

Price
Listing provided courtesy of CRMLS

Calling ALL Investors!! First time on the Market, Now is your chance to own this Tri-Plex Gem in the heart of Los Angeles within minutes of tons of California's Most Well Known Landmarks and event centers! This property has lots of potential and is currently being sold in AS-IS condition and seller is looking for an ALL cash buyer. This property is currently tenant owned and would be a great addition to your investment portfolio!! Hurry, Bring your Best Offers, Won't Last!!

Continue Reading

Tax History for 1201 E 78Th St

Assessed Value (2020): $57,514

Year	Land Value	Improved Value	Assessed Value
2020	$12,742	$44,772	$57,514

Home Value Compared to the Market

This property vs the competition

1201 E 78Th St is listed 21.12% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $376.59 per/sqft which puts the price per square foot 51.28% lower than the median price per square foot for the city of Los Angeles.

About 1201 E 78Th St

Detailed summary of property

1201 E 78Th St is a triplex located in Los Angeles, CA 90001 and is currently in escrow to be sold. This triplex offers 6 bedrooms, 4 bathrooms, roughly 2,589 living square feet, and sits on an approximately 4,931 square foot lot. 1201 E 78Th St was first listed on ArdentRealEstateGroup.com on April 10, 2024. The homeowner is currently asking $975,000 and was originally asking $970,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 21.12% lower than the median priced home. Local competing homes currently for sale include 913 E 87th St, 751 E 73rd St and 1135 E 67th St. While the average home in Los Angeles, CA is selling in 96 days, 1201 E 78Th St has a days on market of 15 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 1201 E 78Th St Los Angeles, CA 90001 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1201 E 78Th St

Public county record property details

Beds: 5
Baths: 4
Year built: 1960
Sq. Ft.: 1,824
Lot Size: 4,930
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1278
APN: 6024-015-017

The source for these homes facts are from public records.

90001 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$589,999

Median List Price/Sq.Ft.

$540

Median Sold Price

$575,000

Median Sold Price/Sq.Ft.

$506

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (14.29%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.