431 W 78th, Los Angeles, CA 90003
431 W 78th, Los Angeles, CA 90003
431 W 78th, Los Angeles, CA 90003
431 W 78th, Los Angeles, CA 90003
431 W 78th, Los Angeles, CA 90003
431 W 78th, Los Angeles, CA 90003
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Steven Shearrill

Steven Shearrill

+1(619) 368-7141
$ 849,000
Est. payment | /mo

6,141 Sqft Lot

Save
$ 849,000
Est. payment | /mo
Save

6,141 Sqft Lot

Open House

Sat May 02, 11:00am - 2:00pm

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26086627

HOA Y/N No

Year Built 1923

Lot Size 6,141 Sqft

Property Sub-Type Triplex

Property Description

Three units on a gated large corner lot. One vacant and move-in ready. Two occupied and generating $4,307.79 per month. This is the kind of property that works for almost any buyer. The front unit is a fully remodeled 3 bed / 2 bath spanning 1,248 sq ft with hardwood floors, quartz countertops, stainless steel appliances, upgraded windows, and remodeled bathrooms throughout. It is currently vacant and will be delivered vacant at close of escrow, giving a new owner the option to occupy the front home while the two rear units offset the mortgage, or lease it at market rate projected at $3,200 per month. All three units are fully detached, each with their own private entrance, offering tenants a level of privacy that is uncommon at this price point. The two rear units are both occupied on month to month tenancies. The middle unit is a 2 bed / 1 bath generating $2157.79 per month and the ADU, a fully permitted 2 bed / 1 bath constructed in 2021, is generating $2,150 per month. Combined in place income on the two rear units is $4,307.79 per month. Tenants pay all utilities with the exception of water. At full occupancy the property projects $8,200 per month across 2,415 sq ft of total building area. The property is LAR3 zoned, well maintained, and positioned minutes from Downtown LA, USC, and major freeways. Whether you are an owner occupant, a seasoned investor, or a 1031 exchange buyer, the in place income, the vacant front unit, and the underlying zoning make this one of the more compelling three unit opportunities available in South Los Angeles today. First Showings to be May 2nd 2026.

Location

State CA

County Los Angeles

Area C23 - Metropolitan

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Laundry In Kitchen

Exterior

Pool None

Community Features Urban

Private Pool No

Building

Lot Description 2-5 Units/Acre, Corner Lot

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6020034013

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Samuel Woldeyesus Compass 949-689-1558, DRE #01915193

Schools and Properties Nearby

Steven Shearrill

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(619) 368-7141

steven.shearrill@gmail.com

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431 W 78th