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$ 1,098,000
Est. payment /mo
Price Dropped by $87K
1201 E 78th Street Los Angeles, CA 90001
6 Beds
3 Baths
4,931 Sqft Lot
Open House
Sat Oct 10, 11:00am - 3:00am
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IG26152988
Bedrooms 6
Lot Size 4,931 Sqft
Property Sub-Type Res Income 2-4 Units
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 management, rental adjustments, and long-term investment growth. Whether you're an experienced investor looking to maximize cash flow or a first-time homebuyer ready to build wealth through owner-occupancy, this property offers multiple income streams, exceptional upside potential, and outstanding long-term value. Pro
Location
State CA
County Los Angeles
Zoning Public Rec
Direction NA
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6024015017
Acceptable Financing Conventional, FHA
Listing Terms Conventional, FHA
Listed by Jose Vasquez-Tafur, DRE#02004519 JWillian Realty
NEARBY SCHOOL & BUSINESS