$899,000
$41K PRICE DROP

Estimated payment $5,218/month

Total Views 67,859
5 Beds
3 Baths
1,640 Sq Ft
$548 Price per Sq Ft

Highlights

  • Laundry Room
  • Wall Furnace
  • Front Yard

About This Home

Investment Opportunity Knocks! TRIPLEX in Prime Los Angeles Location! ????? Looking for a smart investment or multi-generational living? This fantastic triplex at 1259 E 78th Street, Los Angeles, CA 90001 offers incredible income potential and flexible living arrangements. This property features three separate units: Unit 1: 2 bedrooms, 1 bathrooms Unit 2: 2 bedrooms, 1 bathrooms Unit 3: 1 bedroom, 1 bathroom Each unit offers comfortable living spaces and the potential for strong rental income. The garage is also currently being rented. Live in one unit and rent out the others, or maximize your investment with full occupancy. Located in a convenient area near schools, parks, and transportation, this triplex presents a unique opportunity for savvy investors and homeowners alike. Don't miss out! Schedule a showing today! ???? Call us at (562)644-2033 to explore the possibilities!

Listing Agent

Lourdes Pan

RE/MAX Dynasty Brokerage Phone: 562-644-2033 License #01817608 Listed on: 01/25/2025

RE/MAX Dynasty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,367

Year Built

  • Built in 1924

Lot Details

  • 4,781 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 1,640 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 1264
  • Tax Tract Number 5450
  • Assessor Parcel Number 6024016019
  • $1,464 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $3,900
  • Gross Income $4,100
  • Net Operating Income $44,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,367

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 299667
  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LCR3*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6024016019
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: FRONT
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 548.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4781.00
  • Lot Size Acres: 0.1098

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4100.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 4781.0000 Square Feet
  • Net Operating Income: 44300.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 4900.00
  • Rent Control: No
  • Total Expenses: 3900.00

Tax Info

  • Tax Census Tract: 5350.01
  • Tax Lot: 1264
  • Tax Tract Number: 5450
  • TaxOtherAnnualAssessmentAmount: 1464.00

Map

Range of Values:

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ICE

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $5,367 $319,886 $177,715 $142,171
2024 $5,367 $313,615 $174,231 $139,384
2023 $5,033 $307,466 $170,815 $136,651
2022 $4,834 $301,438 $167,466 $133,972
2021 $4,777 $295,529 $164,183 $131,346
2020 $4,804 $292,500 $162,500 $130,000
2019 $4,648 $286,765 $159,314 $127,451
2018 $4,553 $281,143 $156,191 $124,952
2016 $4,367 $270,227 $150,127 $120,100
2015 $4,305 $266,168 $147,872 $118,296
2014 $4,312 $260,955 $144,976 $115,979
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2025 03/25/25 Price Changed $899,000 -4.4% $548 / Sq Ft
01/25/2025 01/25/25 For Sale $940,000 -- $573 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- First American
Interfamily Deed Transfer -- Ticor Title Company
Individual Deed $225,000 Ticor Title Company
Grant Deed $178,500 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $352,000 New Conventional
Closed $198,940 FHA
Previous Owner $174,015 FHA
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25018088

California Regional Multiple Listing Service (CRMLS)

APN: 6024-016-019