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Listed by Jose Vasquez-Tafur, DRE #02004519 • JWillian Realty
$1,098,000
Est. payment /mo
4,931 Sqft Lot
Price Dropped by $87K
1201 E 78th ST Los Angeles, CA 90001
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIG26152988
Year Built 1960
Lot Size 4,931 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
HUGE REDUCTION: VACANT, VACANT, VACANT Exceptional Value-Add Opportunity! 3 Residential Units, Studio & Oversized Garage with ADU Conversion Potential | No Rent Control (Please check with the City). An exceptional opportunity for investors and owner-occupants alike! The spacious front 3-bedroom, 1-bath unit will be delivered vacant at the close of escrow, offering the perfect opportunity to owner-occupy, while rental income from the remaining units helps significantly reduce your monthly housing expenses. This versatile income-producing property features an outstanding unit mix, including a 3-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, a 1-bedroom, 1-bath unit, plus a studio with a full bathroom. The oversized garage offers excellent ADU conversion potential (Buyer to verify with the City), creating an outstanding value-add opportunity with the potential to generate additional rental income and further enhance the property's value. The property also features a large private parking area, providing ample off-street parking for residents, guests, and additional vehicles. One of the property's most valuable features is that it is NOT subject to the City of Los Angeles Rent Stabilization Ordinance (Rent Control), providing greater flexibility for future rental managem
Location
State CA
County Los Angeles
Area 699 - Not Defined
Rooms
Kitchen None
Interior
Heating No Heating
Cooling None
Laundry Laundry Area
Exterior
Parking Features No Parking
Garage Spaces 3.0
Pool 31, None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 6024015017
Special Listing Condition Not Applicable
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