1201 E 78th ST, Los Angeles, CA 90001
1201 E 78th ST, Los Angeles, CA 90001
1201 E 78th ST, Los Angeles, CA 90001
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$1,185,000
Est. payment /mo
4,930 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID IG26152988

HOA Y/N No

Year Built 1960

Lot Size 4,930 Sqft

Property Sub-Type Triplex

Property Description

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.

Properties offering this combination of owner-occupancy, multiple income-producing units, a studio, ADU conversion potential, abundant parking, and no Rent Control rarely become available. Whether you choose to owner-occupy, expand your investment portfolio, or unlock the property's full potential through a future ADU conversion, this is a rare opportunity to maximize rental income, build long-term equity, and create lasting value.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Interior Features All Bedrooms Up, All Bedrooms Down

Heating None

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features None

Garage Spaces 3.0

Garage Description 3.0

Fence None

Pool None

Community Features Biking

Utilities Available None

View Y/N No

View None

Roof Type None

Accessibility None

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 6024015017

Acceptable Financing Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac

Listing Terms Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac

Special Listing Condition Standard

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CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jose Vasquez-Tafur JWillian Realty jwillian.vasquez@gmail.com, DRE #02004519

Nearby Locations

Get more details on this property

Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate | License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA, 93036, USA

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1201 E 78th ST

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