1201 E 78th St Los Angeles, CA 90001
Florence-Graham AreaEstimated payment $7,658/month
Highlights
- No HOA
- Laundry Facilities
- 1-Story Property
- Bike Trail
- No Heating
About This Home
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.
Listing Agent
JWillian Realty Brokerage Email: jwillian.vasquez@gmail.com License #02004519 Listed on: 07/25/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 4,931 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
- No Roof
Interior Spaces
- 2,589 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- All Upper Level Bedrooms
- 3 Bathrooms
Utilities
- No Heating
- No Utilities
Listing and Financial Details
- Tax Lot 1278
- Tax Tract Number 5450
- Assessor Parcel Number 6024015017
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 2 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,587 | $990,000 | $590,000 | $400,000 |
| 2024 | $7,674 | $498,000 | $400,000 | $98,000 |
| 2023 | $2,135 | $60,454 | $13,393 | $47,061 |
| 2022 | $2,087 | $59,270 | $13,131 | $46,139 |
| 2021 | $2,057 | $58,109 | $12,874 | $45,235 |
| 2020 | $2,057 | $57,514 | $12,742 | $44,772 |
| 2019 | $2,019 | $56,388 | $12,493 | $43,895 |
| 2018 | $1,916 | $55,284 | $12,249 | $43,035 |
| 2016 | $1,835 | $53,139 | $11,774 | $41,365 |
| 2015 | $1,815 | $52,342 | $11,598 | $40,744 |
| 2014 | $1,825 | $51,317 | $11,371 | $39,946 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/25/2026 07/25/26 | For Sale | $1,185,000 | +19.7% | $458 / Sq Ft | |
| 07/24/2024 07/24/24 | Sold | $990,000 | +1.5% | $382 / Sq Ft | View Prior Sale |
| 06/11/2024 06/11/24 | Pending | -- | -- | -- | |
| 06/01/2024 06/01/24 | For Sale | $975,000 | 0.0% | $377 / Sq Ft | |
| 05/22/2024 05/22/24 | Pending | -- | -- | -- | |
| 05/09/2024 05/09/24 | For Sale | $975,000 | +0.5% | $377 / Sq Ft | |
| 04/25/2024 04/25/24 | Pending | -- | -- | -- | |
| 04/10/2024 04/10/24 | For Sale | $970,000 | -- | $375 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $990,000 | Pacific Coast Title Company | |
| Grant Deed | $300,000 | Pacific Coast Title | |
| Interfamily Deed Transfer | -- | Stewart Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $940,500 | New Conventional | |
| Previous Owner | $431,000 | Balloon | |
| Previous Owner | $405,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $333,750 | Balloon | |
| Previous Owner | $225,250 | Purchase Money Mortgage | |
| Previous Owner | $195,500 | Unknown |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG26152988
APN: 6024-015-017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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