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1259 E 78th Street, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

1259 E 78th Street, Los Angeles, California 90001 home-pic-0
ACTIVE$899,000
1259 E 78th Street, Los Angeles, California 90001
0Bed
0Bath
1,640Sqft
4,781Lot
Year Built
1924
Close
-
List price
$899K
Original List price
$940K
Price/Sqft
$548
HOA
-
Days on market
-
Sold On
-
MLS number
DW25018088
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $899.0K(93th), sqft - 1640(79th), beds - undefined(50th), baths - undefined(50th).

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!

Price History

Date
Event
Price
02/14/97
Sold
$178,500
Condition Rating
Poor
Built in 1924, this property is nearly 100 years old with no mention or visual evidence of any significant renovations. The complete absence of interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are severely outdated and in need of substantial work. The exterior appears aged and worn, and the property analysis highlights 'outdated infrastructure' and 'deferred maintenance.' This indicates the property requires substantial repairs and rehabilitation to meet current standards, aligning with a 'Poor' condition.
Pros & Cons

Pros

Income Potential: The property is a triplex offering significant income potential, with three separate units (two 2-bed/1-bath, one 1-bed/1-bath) and an additional rented garage, maximizing rental revenue.
Prime Los Angeles Location: Situated in a 'Prime Los Angeles Location' and a 'convenient area near schools, parks, and transportation,' enhancing tenant demand and long-term property value.
Flexible Living Arrangements: Offers versatility for multi-generational living or an owner-occupant investor to live in one unit while renting out the others, providing a pathway to homeownership with income offset.
Multi-Unit Configuration: As a triplex, it provides diversification of income streams, reducing risk compared to single-unit investments, and appeals to a broad range of investors.
Additional Rental Income: The garage is explicitly mentioned as currently being rented, providing an extra source of income beyond the residential units.

Cons

Age of Property: Built in 1924, the property is nearly a century old, which often implies potential for outdated infrastructure, deferred maintenance, and higher capital expenditures for system upgrades (plumbing, electrical, roofing).
Undisclosed Condition/Renovations: The description lacks details on the current condition of the units or any recent renovations, suggesting they may be in original or dated condition, potentially requiring significant investment to modernize and attract premium tenants.
Compact Unit Sizes: With a total of 1640 sqft for three units (two 2-bedroom, one 1-bedroom), the individual units are likely quite compact, which could limit appeal to certain tenant demographics or command lower rental rates compared to more spacious alternatives.

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