1222 E 78th Street Los Angeles, CA ^$ 1,990,000

1222 E 78th Street

^$ 1,990,000

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1222 E 78th Street

Los Angeles, CA, 90001

^$ 1,990,000

Studio Baths1.0 Sq 3,000

Monthly Estimate*

^$ 12,415

Listed by Altman Apartments LLC

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,990,000 with 1 full bath. This 3,000 square foot home was built in 1938 on a lot size of 0.1262.

12-unit property with 11 studios and 1 one bedroom apartment. All units have their own bathrooms and full kitchens. This would be a perfect opportunity for a master lease option or purchase by a program to house their own clients. All units are to be delivered fully renovated and housing ready. A full renovation has just been completed which includes complete plumbing re-pipe, electrical re-wire with all brand new equipment and separate metering, HVAC systems, and new finishes. The project is pending the meters to be installed by Edison to obtain final status. This was previously an 8-unit motel that has now been converted to a 12-unit apartments community.

Multi-Family Active

Price

^$ 1,990,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1262

Year Built

1938

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR25185850

Days on Market

124

Features

General

Sewer Public Sewer

Zoning LCM1*

Garage Spaces 0

Pool Features None

Year Built 1938

Tenant Pays Cable TV Electricity Insurance

Stories Count 1

Levels One

Property Subtype Apartment

Gross Income 212280

Community Features Street Lights Sidewalks Urban

County Los Angeles

Net Operating Income 146717

Operating Expense 54948

Insurance Expense 4521

New Construction 0

Property Type Residential Income

MaintenanceExpense 9100

Garage Y/N 0

Special Listing Conditions Standard

Status Active

Directions 110 Freeway exit Florence Ave South on Central Left on 78th Street

City Los Angeles

Entry Location 78th Street

Senior Community Y/N 0

Open Parking Spaces 5

Number Of Units Total 12

MLS Area C23 - Metropolitan

Lot Size Units Square Feet

Lot Size Square Feet 5497

Number of Units Leased 0

Listing Terms Cash Cash to New Loan Conventional 1031 Exchange

Property Attached Y/N 0

Land Lease Y/N 0

Electric Expense 0

Fuel Expense 3000

Trash Expense 0

Water Sewer Expense 5000

Additional Parcels Y/N 0

Rent Control Y/N 1

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 1308

Total Actual Rent 209280

Property Sub Type Additional Apartment

Taxes 23720

Cap Rate 7.37

Interior

Total Stories 1

Common Walls No Common Walls

Laundry Features None

Entry Level 1

Exterior

Parking Features Asphalt Controlled Entrance Driveway Electric Gate

Lot Features Rectangular Lot Street Level

Water Source Public

Total Parking 5

Lot Size Area 5497

Number of Buildings 1

Building Area Total 3000

Lot Size Acres 0.1262

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 0

Number of Separate Electric Meters 12

* Excluded Features

List By

Altman Apartments Llc

Broker

logan@altmanapartments.com

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$12,415

Per Month

Monthly Principal & Interest: $12,415
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,905,483

Percent of Sale Price 4%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$1,990,000		Listed Price

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1222 E 78th Street, Los Angeles, CA, 90001 is a Multi-Family Home for sale at $1,990,000 with 3,000 sqft and a lot size of 0.1262. 1222 E 78th Street is a studio with 1.0 baths and was built in 1938. The property's zip code is 90001 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/19/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1222 E 78th Street

Multi-Family Home for sale in Los Angeles, CA

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