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1222 E 78th St, Los Angeles, CA 90001
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1222 E 78th St Los Angeles, CA 90001

$830,000 Sold Price as of 04/01/2021
  • 64 Beds
  • 64 Baths
  • 2,503 Sq.Ft.
Sold
$830,000 Sold Price as of 04/01/2021 Refinance Your Mortgage
Map preview of 1222 E 78th St, Los Angeles, CA 90001

Property Overview: 1222 E 78th St Los Angeles, CA has 64 bedrooms, 64 bathrooms, 2,503 living square feet and 5,495 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PLEASE DO NOT GO TO PROPERTY WITH OUT AN APPOINTMENT, DO NOT TALK WITH TENANTS. YOU MAY BE DISQUALIFIED TO PURCHASE, IF YOU GO TO PROPERTY WITH OUT PERMISSION 222 E 78th St is a hotel/motel located in Los Angeles, CA 90001. Built in 1938, this property features 5,541 sq ft lot, and 2,503 sq ft of living space. #8 units 1bedroom, one bathroom each For the surrounding community of Los Angeles, CA 90001, the nearby schools are Parmelee Avenue Elementary, Charles Drew Middle and John C Fremont Senior High. Great for development of apartments and commercial buildings. PLEASE CHECK WTH THE CITY FOR MORE INFORMATION BUYER responsible to do their due diligences

Listed by Ruben Aldana | BRE #01010286 | Ruben Roque Aldana
Last checked: 13 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 171

Home details

Lot Sq. Ft
5,495
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
DW20205571
City
Los Angeles
County
Los Angeles
Time on Site
1224 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 8
  • # of Baths: 8
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,000
  • Total Rent: $6,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $71,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,000
  • Electric: $300
  • Gas/Fuel: $0
  • New Taxes: $16,000
  • Trash: $0
  • Insurance: $2,000
  • Professional Management: $0
  • Water/Sewer: $1,200

Property Details for 1222 E 78th St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Off Street
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 6024017056
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: IN THE MIDDEL CENTRAL AVE, NADEAU ST, AND HOOPER
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 1222 E 78th St

Last sold for $830,000 on April 1st, 2021

  • April, 2021

  • Apr 2, 2021

    Date

    Sold

    CRMLS: DW20205571

    $830,000

    Price

  • Mar 22, 2021

    Date

    Pending

    CRMLS: DW20205571

    $999,000

    Price

  • Nov 14, 2020

    Date

    Price Change

    CRMLS: DW20205571

    $999,000

    Price

  • Oct 1, 2020

    Date

    Active

    CRMLS: DW20205571

    $1,300,000

    Price

Tax History for 1222 E 78th St

Assessed Value (2020): $162,876
Year Land Value Improved Value Assessed Value
2020 $83,425 $79,451 $162,876

Home Value Compared to the Market

This property vs the competition

1222 E 78th St sold on April 1, 2021 for 16.05% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $399.12 per/sqft which puts the price per square foot 47.14% lower than the current median sale per square foot for the city of Los Angeles.

About 1222 E 78th St

Detailed summary of property

1222 E 78th St is a multi family that recently sold in Los Angeles, CA 90001. This multi family property offered 64 bedrooms, 64 bathrooms, roughly 2,503 living square feet, and sits on an approximately 5,495 square foot lot. 1222 E 78th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $830,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 16.05% lower than the current median priced home. Local homes that are currently for sale include 1135 E 67th St, 1158 E 88th Pl and 7510 Avalon Blvd. While the average home in Los Angeles, CA is selling in 93 days, 1222 E 78th St has a days on market of 171 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 1222 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 1222 E 78th St

Public county record property details
Beds
--
Baths
--
Year built
1938
Sq. Ft.
2,503
Lot Size
5,540
Stories
1
Type
Motel
Pool
No
Spa
No
County
Los Angeles
Lot#
1308
APN
6024-017-056

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
$550,000
Median List Price/Sq.Ft.
$467
Median Sold Price
$575,000
Median Sold Price/Sq.Ft.
$506
Total Inventory
26
Median Sale to List Price %
100%
Avg Days on Market
49
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.

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