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1201 E 78th Street

Los Angeles, CA 90001
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Bed 6

Bed

Bath 3

Bath

SqFt4,931

Sqft(Lot)

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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,098,000

AD Id : 89117359

MLS Id : IG26152988

Beds : 6

Lot Size : 4,931 Sq. Ft

Year Built : 1960

Garage : 3

County : Los Angeles

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Feature Features

  • Interior Features

    AllBedroomsUp, AllBedroomsDown
    Roof: None
    Laundry Features: CommonArea
  • Heating & Cooling

    Heating: None Cooling: None

  • Building Information

    Year Built: 1960
    Building Area Total: 2589
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 4931 Lot Size Acres: 0.1132 Lot Size Source: Other Lot Size Square Feet: 4,931 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $1098000
    Original Price: $1185000
    CashToNewLoan, Conventional, FHA, FannieMae, FreddieMac

  • Tax Information

    Parcel Number: 6024015017 Tax Lot: 1278

  • Utility Information

    None
  • Location Information

    Direction: NA WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2023 E 76th, Los Angeles, CA, 90001 $959,500 7 4 -- 6,407 Sq. Ft
8214 Alix, Los Angeles, CA, 90001 $759,000 4 2 -- 5,741 Sq. Ft
1656 16581 E 61st, Los Angeles, CA, 90001 $749,900 3 2 -- 6,890 Sq. Ft
1715 E 65th Street, Los Angeles, CA, 90001 $699,999 4 4 -- 6,026 Sq. Ft
7715 Whitsett, Los Angeles, CA, 90001 $818,900 5 2 -- 6,766 Sq. Ft
6359 Miramonte, Los Angeles, CA, 90001 $1,749,997 12 12 -- 7,575 Sq. Ft
6365 Miramonte, Los Angeles, CA, 90001 $1,749,997 12 12 -- 7,530 Sq. Ft
6371 Miramonte, Los Angeles, CA, 90001 $1,649,997 12 9 -- 7,177 Sq. Ft
1214 E -1216 E 66th, Los Angeles, CA, 90001 $1,060,000 8 4 -- 4,437 Sq. Ft
911 E 77th, Los Angeles, CA, 90001 $720,000 4 -- -- 5,098 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/10/2026 @ 12:39

MLS: IG26152988 LISTED BY: Jose Vasquez-Tafur, JWillian Realty 909-279-6695 SOURCE: CRMLS

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