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Iris Hirsch
San Diego REAL ESTATE
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1222 E 78th Street
Los Angeles Los Angeles 90001

$1,990,000
Residential Income beds: 1 baths: 2.0 0 sq. ft. built: 0

Main Photo: Residential Income for sale : 1 bedrooms : 1222 E 78th Street in Los Angeles
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
306520980
Bedrooms:
1
Bathrooms:
2
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.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
1
County Or Parish:
Los Angeles
Neighborhood Code:
Florence-Graham
Total Building Area:
0 sq. ft.
Total Floor Area:
0 sq. ft.
Total Bedrooms:
1
Bathrooms:
2
Half Bathrooms:
0
Stories:
1 Story
Total Stories:
1
Year Built:
0
Age (in years):
2,025 year(s)
Mello Roos Fee:
$3,996
Mello Roos Fee Frequency:
Year
Monthly Total Fees:
$333
Terms:
Cash, Conventional, Exchange
Cap Rate.:
7.37
Gross scheduled income:
212280.0
Operating expense:
54948.0
Number of Units:
12
Number of Units with Cooling:
0
Tenant pays:
Cable TV, Electricity
Unit Number for Unit 1:
1
Unit Number for Unit 2:
2
Unit Number for Unit 3:
3
110 Freeway, exit Florence Ave, South on Central, Left on 78th Street
Site Influences:
Sidewalks
Lot Size:
5,497 sq. ft.
Parcel Number:
6024017056
Pool Features:
N/K
Zoning:
Assessor
  • Photo 1: Residential Income for sale : 1 bedrooms : 1222 E 78th Street in Los Angeles
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Listed by Altman Apartments LLC
Data was last updated September 4, 2025 at 01:10 AM (UTC)
Area Statistics
Listings on market:
836
Avg list price:
$1,050,000
Min list price:
$333,900
Max list price:
$17,850,000
Avg days on market:
94
Min days on market:
2
Max days on market:
1,889
These statistics are generated based on the current listing's property type and located in Los Angeles. Average values are derived using median calculations. This data is not produced by the MLS® system.
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego Multiple Listing Service, Inc.
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego Multiple Listing Service, Inc.