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1423 E 78Th St, Los Angeles, CA 90001
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1423 E 78Th St Los Angeles, CA 90001

$584,250 Sold Price as of 05/10/2024
  • 4 Beds
  • 3 Baths
  • 1,880 Sq.Ft.
Sold
$584,250 Sold Price as of 05/10/2024 Refinance Your Mortgage
Map preview of 1423 E 78Th St, Los Angeles, CA 90001

Property Overview: 1423 E 78Th St Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,880 living square feet and 6,555 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Probate Sale. This investment opportunity consists of 5 income generating units (Two are non-conforming - #1 - 1 bed 1 bath rented for $600 & #2 - Single rented for $600) property is legally a Triplex. Property is in need of updates and maintenance. All units are occupied with good paying History, Sold with occupants in place & in As-IS condition. *Subject to court Confirmation.

Listed by Leslie Cruz | BRE #01281102 | Keller Williams Pacific Estate
Last checked: 13 minutes ago | Last updated: May 10th, 2024 | Source CRMLS | DOM: 137

Home details

Lot Sq. Ft
6,555
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
DW23202358
City
Los Angeles
County
Los Angeles
Time on Site
214 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: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,320
  • Total Rent: $1,320
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,210
  • Total Rent: $1,210
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $57,960
  • Net Operating Income: $55,560
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $2,400
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $700
  • Professional Management: $0
  • Water/Sewer: $2,400

Property Details for 1423 E 78Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 6021008019
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Florence West of Compton Ave.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1423 E 78Th St

Last sold for $584,250 on May 10th, 2024

  • May, 2024

  • May 10, 2024

    Date

    Sold

    CRMLS: DW23202358

    $584,250

    Price

  • Oct 30, 2023

    Date

    Active

    CRMLS: DW23202358

    $499,900

    Price

  • July, 2023

  • Jul 26, 2023

    Date

    Canceled

    CRMLS: OC23055513

    $635,000

    Price

  • Apr 10, 2023

    Date

    Active

    CRMLS: OC23055513

    $660,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity for Investor or Developer. This is a legal Triplex, 2 of the units are non conforming. Larger than average lot. This is a probate sale and has deferred maintenance. All tenants are long term tenants and have a good payment history. Property will be sold with tenants in place. Parking available on property. Laundry hookups available.

  • August, 2007

  • Aug 10, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 1999

  • May 28, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1423 E 78Th St

Assessed Value (2020): $580,000
Year Land Value Improved Value Assessed Value
2020 $379,200 $200,800 $580,000

Home Value Compared to the Market

This property vs the competition

1423 E 78Th St sold on May 10, 2024 for 58.05% 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 $265.56 per/sqft which puts the price per square foot 64.83% lower than the current median sale per square foot for the city of Los Angeles.

About 1423 E 78Th St

Detailed summary of property

1423 E 78Th St is a triplex that recently sold in Los Angeles, CA 90001. This triplex offered 4 bedrooms, 3 bathrooms, roughly 1,880 living square feet, and sits on an approximately 6,555 square foot lot. 1423 E 78Th St was first listed on ArdentRealEstateGroup.com on October 31, 2023. The homeowner sold the property for $584,250. 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 58.05% lower than the current median priced home. Local homes that are currently for sale include 1462 E 57th St, 424 E 61st Street and 118 E 82nd Pl. While the average home in Los Angeles, CA is selling in 95 days, 1423 E 78Th St has a days on market of 137 days. There are currently 3751 homes for sale in the Los Angeles real estate market and 2535 of them are single family homes while 1119 of them are condos and 91 are townhomes. For more information on this home for sale at 1423 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 1423 E 78Th St

Public county record property details
Beds
4
Baths
3
Year built
1921
Sq. Ft.
1,880
Lot Size
6,554
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
104
APN
6021-008-019

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
$599,999
Median List Price/Sq.Ft.
$580
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$474
Total Inventory
27
Median Sale to List Price %
103.08%
Avg Days on Market
36
Loan Type
Conventional (37.5%), FHA (62.5%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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