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161 W 78Th St, Los Angeles, CA 90003
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161 W 78Th St Los Angeles, CA 90003

$785,000 Sold Price as of 06/15/2019
  • 10 Beds
  • 6 Baths
  • 3,557 Sq.Ft.
Sold
$785,000 Sold Price as of 06/15/2019 Refinance Your Mortgage
Map preview of 161 W 78Th St, Los Angeles, CA 90003

Property Overview: 161 W 78Th St Los Angeles, CA has 10 bedrooms, 6 bathrooms, 3,557 living square feet and 4,725 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investment Property Here In LA! Great duplex located near the 110 Fwy & USC. Minutes Away From Downtown LA & other major freeways, this great opportunity wont last! Hurry!

Listed by Robert Colangeli | BRE #01919489 | IET Real Estate
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
4,725
HOA Dues
$0/mo
Year built
2016
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
DW19085356
City
Los Angeles
County
Los Angeles
Time on Site
1224 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $62,400
  • Net Operating Income: $53,155
  • Gross Operating Income: $62,400
Annual Expense Breakdown
  • Total Operating Expense: $9,245
  • Gas/Fuel: $0
  • New Taxes: $7,775
  • Trash: $720
  • Insurance: $750
  • Water/Sewer: $0

Property Details for 161 W 78Th St

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Room Information
  • Flooring: Laminate
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Appraiser
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 6031017018
  • Year Built Source: Appraiser
  • 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: Take the 110 south exit heading to Florence ave. make a left on Florence ave heading to main st & head south. Then make a right on w 78th St
Neighborhood Information
  • Community Features: Storm Drains
View more facts & features

Local Los Angeles Agent

Sale History for 161 W 78Th St

Last sold for $785,000 on June 15th, 2019

  • June, 2019

  • Jun 17, 2019

    Date

    Sold

    CRMLS: DW19085356

    $785,000

    Price

  • Apr 15, 2019

    Date

    Active

    CRMLS: DW19085356

    $799,000

    Price

  • June, 2019

  • Jun 14, 2019

    Date

    Sold (Public Records)

    Public Records

    $785,000

    Price

  • April, 2019

  • Apr 1, 2019

    Date

    Canceled

    CRMLS: DW19009318

    $814,999

    Price

  • Feb 13, 2019

    Date

    Price Change

    CRMLS: DW19009318

    $814,999

    Price

  • Feb 2, 2019

    Date

    Price Change

    CRMLS: DW19009318

    $839,000

    Price

  • Jan 16, 2019

    Date

    Active

    CRMLS: DW19009318

    $859,900

    Price

  • Listing provided courtesy of CRMLS

    Standard Sale. Low-maintenance duplex with No Rent Control. This duplex consists of two (2) 5-Bedroom / 3-Bathroom units, built in 2016, both units feature granite counter tops, wood cabinets, tile flooring in kitchens and baths, carpeted bedrooms, dual pane windows, and forced air heating throughout both units. Each unit has its own water meter, electric and gas meters and their own indoor laundry. Great location with easy access to the 110 and 10 freeways.

  • October, 2017

  • Oct 27, 2017

    Date

    Expired

    CRMLS: DW16733758

    $689,900

    Price

  • Dec 14, 2016

    Date

    Withdrawn

    CRMLS: DW16733758

    $689,900

    Price

  • Nov 21, 2016

    Date

    Price Change

    CRMLS: DW16733758

    $689,900

    Price

  • Oct 26, 2016

    Date

    Active

    CRMLS: DW16733758

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    This is a standard sale. Conventional, FHA and VA offers are welcomed. Brand new duplex built in 2016. This duplex has been built from the ground up. Live in one and rent the second unit. Custom Granite counter tops, ceramic tile flooring. All new construction has been permitted and approved by the city inspector. Conveniently located near the 10 fwy and 110 fwy. Buyer to verify all information for accuracy.

  • May, 2016

  • May 2, 2016

    Date

    Sold (Public Records)

    Public Records

    $599,000

    Price

Show More

Tax History for 161 W 78Th St

Assessed Value (2020): $800,700
Year Land Value Improved Value Assessed Value
2020 $418,200 $382,500 $800,700

Home Value Compared to the Market

This property vs the competition

161 W 78Th St sold on June 15, 2019 for 32.86% 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 $224.63 per/sqft which puts the price per square foot 70.25% lower than the current median sale per square foot for the city of Los Angeles.

About 161 W 78Th St

Detailed summary of property

161 W 78Th St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 10 bedrooms, 6 bathrooms, roughly 3,557 living square feet, and sits on an approximately 4,725 square foot lot. 161 W 78Th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $785,000. 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 32.86% lower than the current median priced home. Local homes that are currently for sale include 348 W 83rd St, 432 W 74th St and 142 E 65th St. While the average home in Los Angeles, CA is selling in 93 days, 161 W 78Th St has a days on market of 44 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 161 W 78Th St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 161 W 78Th St

Public county record property details
Beds
10
Baths
6
Year built
2016
Sq. Ft.
3,557
Lot Size
4,725
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
225,226
APN
6031-017-018

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$598,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
38
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

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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