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742 E 78th Street

Los Angeles (City), CA 90001
  • $690,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: SW23170111
$690,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
699 - Not Defined
Type:
Multi-Family
Built:
1956
County:
Los Angeles
Area:
699 - Not Defined

School Ratings & Info

Visit GreatSchools.org
Listing Agent(s): Cornelius Jackson of Redfin Corporation (951-472-2842)


Description

**Investors Special** Three-unit multi-family investment property locatedin the heart of Los Angeles close to downtown and only 5 miles from SOFi Stadium or the University of Southern California. The Front unit is a 3 bedroom, 1bath with a laundryroom, the middle unit is a 1 bedroom, 1 bath and the rear unit is a 1 bedroom, 1 bathwith an extra small room. Each unit has its own full kitchen and bath and is loaded with charm. Repairs and TLC are needed in all units. There's also a 2 car detached garage that could be conveyedinto an ADU or kelp as a garage. This property is located close to schools, shopping, churches,Transportation and the bus lines are within walking distance. Property will be delivered with long term tenants occupying all units. DO NOT DISTURB TENANTS! The Appraised value is there and once the repairs are done, it will only increase the value!!! Buyers agent to verify everything.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143356668
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742 E 78th Street Los Angeles (City), CA 90001

  • Price: $690,000
  • Status: Active
  • On Site: 16 Days
  • MLS #: SW23170111
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1956
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
**Investors Special** Three-unit multi-family investment property locatedin the heart of Los Angeles close to downtown and only 5 miles from SOFi Stadium or the University of Southern California. The Front unit is a 3 bedroom, 1bath with a laundryroom, the middle unit is a 1 bedroom, 1 bath and the rear unit is a 1 bedroom, 1 bathwith an extra small room. Each unit has its own full kitchen and bath and is loaded with charm. Repairs and TLC are needed in all units. There's also a 2 car detached garage that could be conveyedinto an ADU or kelp as a garage. This property is located close to schools, shopping, churches,Transportation and the bus lines are within walking distance. Property will be delivered with long term tenants occupying all units. DO NOT DISTURB TENANTS! The Appraised value is there and once the repairs are done, it will only increase the value!!! Buyers agent to verify everything.
Exterior Features

Entry Level 1 Entry Location Front Fencing Chain LinkWrought Iron Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Parking Features DrivewayGarage Faces Rear Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View NeighborhoodNone

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetTile Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 62400 Gross Scheduled Income 62400 Insurance Expense 5000 Land Lease YN No Laundry Features See Remarks Lease Term Month To Month Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 54400 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 3 Operating Expense 8000 Possession Close Of EscrowSee Remarks Property Sub Type Triplex Rent Control YN Yes Security Features Window Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 5200 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Cornelius Jackson of Redfin Corporation (951-472-2842)