23
See all 23 photos
$849,000
Est. payment /mo
6,141 Sqft Lot
Open 5/2 11AM-2PM
431 W 78th Los Angeles, CA 90003
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Open House
Sat May 02, 11:00am - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26086627
HOA Y/N No
Year Built 1923
Lot Size 6,141 Sqft
Property Sub-Type Triplex
Property Description
Three units on a gated large corner lot. One vacant and move-in ready. Two occupied and generating $4,307.79 per month. This is the kind of property that works for almost any buyer. The front unit is a fully remodeled 3 bed / 2 bath spanning 1,248 sq ft with hardwood floors, quartz countertops, stainless steel appliances, upgraded windows, and remodeled bathrooms throughout. It is currently vacant and will be delivered vacant at close of escrow, giving a new owner the option to occupy the front home while the two rear units offset the mortgage, or lease it at market rate projected at $3,200 per month. All three units are fully detached, each with their own private entrance, offering tenants a level of privacy that is uncommon at this price point. The two rear units are both occupied on month to month tenancies. The middle unit is a 2 bed / 1 bath generating $2157.79 per month and the ADU, a fully permitted 2 bed / 1 bath constructed in 2021, is generating $2,150 per month. Combined in place income on the two rear units is $4,307.79 per month. Tenants pay all utilities with the exception of water. At full occupancy the property projects $8,200 per month across 2,415 sq ft of total building area. The property is LAR3 zoned, well maintained, and positioned minutes from Downtown LA, USC, and major freeways. Whether you are an owner occupant, a seasoned investor, or a 1031 exchange buyer, the in place income, the vacant front unit, and the underlying zoning make this one of the more compelling three unit opportunities available in South Los Angeles today. First Showings to be May 2nd 2026.
Location
State CA
County Los Angeles
Area C23 - Metropolitan
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Laundry In Kitchen
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 2-5 Units/Acre, Corner Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6020034013
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard
Listed by Samuel Woldeyesus Compass 949-689-1558, DRE #01915193
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