632 E 78th St, Los Angeles, CA 90001
632 E 78th St, Los Angeles, CA 90001
632 E 78th St, Los Angeles, CA 90001
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$500,000
Est. payment /mo
4 Beds
2 Baths
1,632 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,632 sqft

Price per Sqft $306

MLS Listing ID 26856133

Style Spanish

Bedrooms 4

Year Built 1960

Lot Size 5,957 Sqft

Acres 0.1368

Property Sub-Type Multi-Family

Property Description

Excellent opportunity to purchase TWO detached homes on one lot on a nice, tree lined street for the price of one home! The front home (Unit # 632) provides appx 936 SF of living space and is configured as a 3Br+2Ba, and the rear home (Unit #630) offers appx 696 SF and is configured as a 2Br+1Ba. The property also includes a detached rear garage with alley access, and a permitted storage room attached to the garage that is a total of 640 SF (per permits). This could be a potential ADU conversion (Buyer to investigate). There is also open parking between each structure. Both homes are tenant occupied, and the property is subject to City of LA Rent Control (LA RSO). PROPERTY TO BE SOLD WITH TENANTS. Current rental income is over $3,000/mo, with room to double that when the units eventually turn over. Conveniently located just one block from John C. Fremont High School and McKinley Ave Elementary School, the property sits between Florence Ave and Manchester Ave, providing easy access to a variety of popular neighborhood dining destinations, markets, and everyday conveniences. With separate homes, rear alley access, and future value-add potential, this property offers an attractive opportunity for investors seeking both immediate cash flow and long-term upside. **Property is part of a larger 32-parcel portfolio sale of tenant occupied SFRs and Multifamily properties** Call Listing Agent #1 for more info**Portfolio sale can be purchased separately, or in bulk, more listings coming soon**

Location

State CA

County Los Angeles

Area Metropolitan South

Zoning LAR2

Rooms

Other Rooms Other

Kitchen Formica Counters

Interior

Heating Wall, Wall Gas

Cooling Ceiling Fan

Flooring Tile, Laminate, Mixed, Wood Laminate

Fireplaces Type Living Room

Equipment Gas Dryer Hookup, Ceiling Fan

Laundry In Kitchen

Exterior

Parking Features Garage - 2 Car, Driveway, Assigned, Detached, Garage Is Detached

Garage Spaces 6.0

Pool None

Waterfront Description None

View Y/N No

View None

Roof Type Composition, Flat

Handicap Access None

Building

Story 1

Foundation Raised

Sewer In Connected and Paid

Water Public

Architectural Style Spanish

Level or Stories One

Structure Type Detached/No Common Walls, Stucco

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Compass

Nearby Locations

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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