1201 E 78th Street
Los Angeles, CA, 90001 $ 1,058,000
Bedrooms-- Baths1.0 Sq 2,589 Monthly Estimate*
$ 7,307
Listed by Jose Vasquez-Tafur, JWillian Realty, jwillian.vasquez@gmail.com
for $1,058,000 with 1 full bath. This 2,589 square foot home was built in 1960 on a lot size of 0.1132.
HUGE REDUCTION: 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.
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FeaturesGeneralSewer Public Sewer
Heating None
Cooling None
Utilities None
Possession Close Of Escrow
Roof None
HOA Fee 0
Garage Spaces 3
Pool Features None
Year Built 1960
Tenant Pays All Utilities
View None
Stories Count 1
Levels One Two
Property Subtype Triplex
Gross Income 0
Community Features Biking
Accessibility None
County Los Angeles
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
Contingency The front unit and the studio will be delivered vacant. ( studio rent $ 900.00) And the other 2 units will be delivered with tenants with the option to be delivered Vacant as well. Please do not disturb the tenants; they know the house is being sold.
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions NA
City Los Angeles
Entry Location 1
Senior Community Y/N false
Number Of Units Total 3
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 4931
Number of Units Leased 2
Listing Terms Cash to New Loan Conventional FHA Fannie Mae Freddie Mac
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Current Financing Conventional
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 1278
Total Actual Rent 3600
Property Sub Type Additional Triplex
Expected Active Date 2026-07-25
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InteriorInterior Amenities All Bedrooms Up All Bedrooms Down
Fireplace Features None
Total Stories 1
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N false
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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ExteriorFencing None
Parking Features None
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 3
Lot Size Area 4931
Number of Buildings 2
Spa false
Building Area Total 2589
Lot Size Acres 0.1132
Private Pool false
Lot Size Source Other
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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* Excluded FeaturesList ByJose Vasquez-TafurListing Agent
jwillian.vasquez@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,307
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,919,759
Percent of Sale Price 81%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/14/2026 | $1,058,000 | -3.64% | Price Down |
| 9/17/2026 | $1,098,000 | -7.34% | Price Down |
| 8/5/2026 | $1,185,000 | | Listed Price |