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

$640,000 Sold Price as of 04/04/2024
  • 4 Beds
  • 3 Baths
  • 1,718 Sq.Ft.
Sold
$640,000 Sold Price as of 04/04/2024 Refinance Your Mortgage
Map preview of 742 E 78Th St, Los Angeles, CA 90001

Property Overview: 742 E 78Th St Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,718 living square feet and 5,976 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: **Investor’s Special** Three-unit multi-family investment property located in the heart of Los Angeles close to downtown and only 5 miles from SOFi Stadium or the University of Southern California. The Front unit is a 3 bedroom, 1bath with a laundry room, the middle unit is a 1 bedroom, 1 bath and the rear unit is a 1 bedroom, 1 bath with an extra small room. Each unit has its own full kitchen and bath and is loaded with charm. Repairs and TLC are needed in all units. There's also a 2 car detached garage that could be conveyed into an ADU or kelp as a garage. This property is located close to schools, shopping, churches,  Transportation and the bus lines are within walking distance. Property will be delivered with long term tenants occupying all units. DO NOT DISTURB TENANTS! The Appraised value is there and once the repairs are done, it will only increase the value!!! Buyer’s agent to verify everything.

Listed by Cornelius Jackson | BRE #01824362 | Redfin Corporation
Last checked: 8 minutes ago | Last updated: April 5th, 2024 | Source CRMLS | DOM: 167

Home details

Lot Sq. Ft
5,976
HOA Dues
$0/mo
Year built
1956
Garage
2 Car
Property Type:
Triplex
Status
Sold
MLS#
SW23170111
City
Los Angeles
County
Los Angeles
Time on Site
382 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 3
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,558
  • Total Rent: $1,558
  • Pro Forma/Market Rent: $1,558
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,758
  • Total Rent: $1,758
  • Pro Forma/Market Rent: $1,758
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $62,400
  • Net Operating Income: $54,400
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $8,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $5,000
  • Water/Sewer: $0

Property Details for 742 E 78Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile
  • Kitchen, Laundry, Living Room
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Security Features: Window Bars
Exterior Features
Exterior Information
  • Has Fence
  • Chain Link, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway, Garage Faces Rear
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • View: None, Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6023031028
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not 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: Google Maps Link: https://goo.gl/maps/XFjLqWgVWstw6Kqv6
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 742 E 78Th St

Last sold for $640,000 on April 4th, 2024

  • April, 2024

  • Apr 4, 2024

    Date

    Sold

    CRMLS: SW23170111

    $640,000

    Price

  • Sep 13, 2023

    Date

    Active

    CRMLS: SW23170111

    $690,000

    Price

  • February, 1994

  • Feb 25, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 742 E 78Th St

Assessed Value (2020): $39,837
Year Land Value Improved Value Assessed Value
2020 $12,742 $27,095 $39,837

Home Value Compared to the Market

This property vs the competition

742 E 78Th St sold on April 4, 2024 for 38.39% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $401.63 per/sqft which puts the price per square foot 44.53% lower than the current median sale per square foot for the city of Los Angeles.

About 742 E 78Th St

Detailed summary of property

742 E 78Th St is a triplex that recently sold in Los Angeles, CA 90001. This triplex offered 4 bedrooms, 3 bathrooms, roughly 1,718 living square feet, and sits on an approximately 5,976 square foot lot. 742 E 78Th St was first listed on ArdentRealEstateGroup.com on September 13, 2023. The homeowner sold the property for $640,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 38.39% lower than the current median priced home. Local homes that are currently for sale include 344 W 84th Pl, 344 W 84th Pl and 244-246 W 66th St. While the average home in Los Angeles, CA is selling in 106 days, 742 E 78Th St has a days on market of 167 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 742 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 742 E 78Th St

Public county record property details
Beds
3
Baths
2
Year built
1956
Sq. Ft.
1,718
Lot Size
5,976
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
900
APN
6023-031-028

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
$589,000
Median List Price/Sq.Ft.
$551
Median Sold Price
$640,000
Median Sold Price/Sq.Ft.
$549
Total Inventory
35
Median Sale to List Price %
106.68%
Avg Days on Market
19
Loan Type
Conventional (25%), FHA (50%), VA (0%), Cash (16.67%), Other (8.33%)

Thinking of Selling?

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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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