431 W 78th St Los Angeles, CA 90003
Vermont Knolls NeighborhoodEstimated payment $5,209/month
Highlights
- Corner Lot
- Wall Furnace
- 1-Story Property
- Laundry Room
About This Home
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.
Listing Agent
Compass Brokerage Phone: 949-689-1558 License #01915193 Listed on: 04/21/2026
Open House Schedule
-
Saturday, May 2, 202611:00 am to 2:00 pm5/2/2026 11:00:00 AM +00:005/2/2026 2:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,141 Sq Ft Lot
- No Common Walls
- Corner Lot
- Density is 2-5 Units/Acre
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 2,415 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Additional Features
- Urban Location
- Wall Furnace
Listing and Financial Details
- Tax Lot 83
- Assessor Parcel Number 6020034013
- $452 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,500
- Maintenance Expense $8,810
- Professional Management Expense $4,150
- Trash Expense $600
- Water Sewer Expense $3,600
- New Taxes Expense $10,625
- Operating Expense $30,285
- Gross Income $98,400
- Net Operating Income $68,115
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,863 | $720,956 | $490,826 | $230,130 |
| 2024 | $8,863 | $706,820 | $481,202 | $225,618 |
| 2023 | $8,698 | $692,962 | $471,767 | $221,195 |
| 2022 | $8,304 | $679,375 | $462,517 | $216,858 |
| 2021 | $8,196 | $666,055 | $453,449 | $212,606 |
| 2020 | $8,258 | $606,900 | $448,800 | $158,100 |
| 2019 | $7,334 | $595,000 | $440,000 | $155,000 |
| 2018 | $3,616 | $281,948 | $208,080 | $73,868 |
| 2017 | $3,542 | $276,420 | $204,000 | $72,420 |
| 2016 | $3,451 | $271,000 | $200,000 | $71,000 |
| 2015 | $4,989 | $400,000 | $280,000 | $120,000 |
| 2014 | $6,632 | $524,605 | $437,172 | $87,433 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/21/2026 04/21/26 | For Sale | $849,000 | +123.4% | $352 / Sq Ft | |
| 03/08/2018 03/08/18 | Sold | $380,000 | -4.8% | $247 / Sq Ft | View Prior Sale |
| 02/07/2018 02/07/18 | Pending | -- | -- | -- | |
| 02/05/2018 02/05/18 | For Sale | $399,000 | 0.0% | $260 / Sq Ft | |
| 01/25/2018 01/25/18 | Pending | -- | -- | -- | |
| 01/23/2018 01/23/18 | For Sale | $399,000 | -- | $260 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Bigornia Law Apc | |
| Interfamily Deed Transfer | -- | Pacific Coast Title Company | |
| Grant Deed | $595,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Grant Deed | $380,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Premium Title California Inc | |
| Grant Deed | $271,000 | Premium Title Of Ca Inc | |
| Trustee Deed | $278,675 | None Available | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Gift Deed | -- | -- | |
| Grant Deed | $140,000 | Old Republic Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $563,780 | FHA | |
| Previous Owner | $538,782 | FHA | |
| Previous Owner | $359,000 | Construction | |
| Previous Owner | $237,179 | FHA | |
| Previous Owner | $241,000 | New Conventional | |
| Previous Owner | $138,037 | FHA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26086627
APN: 6020-034-013
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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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