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2046 E 78Th St, Los Angeles, CA 90001
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2046 E 78Th St Los Angeles, CA 90001

$680,000 Sold Price as of 04/22/2024
  • 3 Beds
  • 2 Baths
  • 936 Sq.Ft.
Sold
$680,000 Sold Price as of 04/22/2024 Refinance Your Mortgage
Map preview of 2046 E 78Th St, Los Angeles, CA 90001

Property Overview: 2046 E 78Th St Los Angeles, CA has 3 bedrooms, 2 bathrooms, 936 living square feet and 9,254 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent income property investment for owner/user or investor. Welcome to this charming Duplex which brings an exceptional opportunity for investment in the highly desired Florence Graham area! Discover a wealth of opportunity and endless potential with this 2-unit property! The parcel includes a duplex, each boasting a spacious 2-bed, 1-bath layout. There is plenty of available parking for each of the houses. Nestled on a sprawling 9,254 sq. ft lot, envision the possibilities of adding ADUs to maximize your investment. Enjoy robust rental income that matches the property's value. Its ideal location and large lot offer a serene ambiance without compromising proximity to the city's vibrant amenities. Modern updates could elevate its appeal, making it a prime candidate for present or future redevelopment. This is a rare investment opportunity to acquire two homes on a large lot in a fantastic central location, near highly rated schools and shopping centers. Schedule your showing today and experience the ultimate in Southern California living!

Listed by Michael Berdelis | BRE #01234589 | 24 Hour Real Estate
Co-listed by Armando Martinez | BRE #01714978 | 24 Hour Real Estate
Last checked: 8 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
9,254
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Duplex
Status
Sold
MLS#
DW23191488
City
Los Angeles
County
Los Angeles
Time on Site
189 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # 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: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.84%
  • Gross Rent Multiplier: 12.64
  • Gross Scheduled Income: $52,200
  • Net Operating Income: $38,551
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $13,649
  • New Taxes: $8,249
  • Trash: $500
  • Gardener: $1,200
  • Insurance: $2,000
  • Water/Sewer: $1,700

Property Details for 2046 E 78Th St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 6025022017
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Lou Dillon Ave & Nadeau St
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 2046 E 78Th St

Last sold for $680,000 on April 22nd, 2024

  • April, 2024

  • Apr 22, 2024

    Date

    Sold

    CRMLS: DW23191488

    $680,000

    Price

  • Oct 27, 2023

    Date

    Active

    CRMLS: DW23191488

    $659,950

    Price

  • August, 2023

  • Aug 21, 2023

    Date

    Expired

    CRMLS: DW23131789

    $660,000

    Price

  • Jul 17, 2023

    Date

    Active

    CRMLS: DW23131789

    $660,000

    Price

  • Listing provided courtesy of CRMLS

    Great income property in LA consisting of two detached units with their own yard on a huge lot. Front unit is 2 bed/1 bath and back unit is 1 bed/1 bath with parking available on front and back driveway. Located in close proximity to restaurants, shopping centers, schools and freeways. Don't miss this amazing opportunity to own this Duplex come see it and make an offer on it before it's gone! Property to be SOLD AS IS, with tenants in place.

  • July, 2023

  • Jul 15, 2023

    Date

    Expired

    CRMLS: DW23062208

    $680,000

    Price

  • Apr 14, 2023

    Date

    Active

    CRMLS: DW23062208

    $700,000

    Price

  • Listing provided courtesy of CRMLS

    Great income property in LA consisting of two detached units with their own yard on a huge lot. Front unit is 2 bed/1 bath and back unit is 1 bed/1 bath with parking available on front and back driveway. Located in close proximity to restaurants, shopping centers, schools and freeways. Don't miss this amazing opportunity to own this Duplex come see it and make an offer on it before it's gone! Property to be SOLD AS IS, with tenants in place.

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Tax History for 2046 E 78Th St

Assessed Value (2020): $185,020
Year Land Value Improved Value Assessed Value
2020 $151,391 $33,629 $185,020

Home Value Compared to the Market

This property vs the competition

2046 E 78Th St sold on April 22, 2024 for 44.54% 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 $705.07 per/sqft which puts the price per square foot 6.61% lower than the current median sale per square foot for the city of Los Angeles.

About 2046 E 78Th St

Detailed summary of property

2046 E 78Th St is a duplex that recently sold in Los Angeles, CA 90001. This duplex offered 3 bedrooms, 2 bathrooms, roughly 936 living square feet, and sits on an approximately 9,254 square foot lot. 2046 E 78Th St was first listed on ArdentRealEstateGroup.com on October 27, 2023. The homeowner sold the property for $680,000. 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 44.54% lower than the current median priced home. Local homes that are currently for sale include 7818 Avalon Blvd, 422 E. 81st Street and 422 E. 81st Street. While the average home in Los Angeles, CA is selling in 96 days, 2046 E 78Th St has a days on market of 62 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2046 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 2046 E 78Th St

Public county record property details
Beds
2
Baths
2
Year built
1922
Sq. Ft.
936
Lot Size
9,253
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
81
APN
6025-022-017

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
31
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%)

Thinking of Selling?

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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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