745 West 78th Street

Los Angeles, CA 90044

$900,000
Last Sold Price
1
Beds
4
Baths
2,639 Sq. Ft.
$341 / Sq. Ft.
2,639
Sq. Ft.
$341
per Sq. Ft.

Description

Vinco Vinco Realty Group (VVRG) is pleased to present 745 W 78TH ST, a four (4) Unit multi-family investment opportunity in the heart of South Los Angeles. This four (4) unit investment opportunity comprises of all sizable 650 square-feet 1 Bedroom / 1-bathroom units with private entry points. This multi-family investment offers a 7,315-square-foot lot and a 2,639-square-foot building. In the rear of the building, the lot has Four garages to accommodate one parking space per tenant. This opportunity...Vinco Vinco Realty Group (VVRG) is pleased to present 745 W 78TH ST, a four (4) Unit multi-family investment opportunity in the heart of South Los Angeles. This four (4) unit investment opportunity comprises of all sizable 650 square-feet 1 Bedroom / 1-bathroom units with private entry points. This multi-family investment offers a 7,315-square-foot lot and a 2,639-square-foot building. In the rear of the building, the lot has Four garages to accommodate one parking space per tenant. This opportunity offers significant value-add by Stabilizing rents to market conditions. The four garages facing Hoover and the alley allow for a private entry point for a future ADU conversion.
  1. Listed by Christopher Martinez Diaz • DRE #01917060 • Brokerage DRE #02041783 • Vinco Vinco Realty & Investments Inc

Property Details for 745 West 78th Street

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2639
Assessor Parcel Number
6020-018-024
Property Attached YN
true

Location

Listing Courtesy of Vinco Vinco Realty & Investments Inc, Christopher Martinez Diaz, DRE #01917060

Sold By Onward Capital, Inc., Adir Zarian, DRE #02092067

Add your commute
LISTING UPDATED: 09/06/2023 07:45 AM

Property Details for 745 West 78th Street

StatusClosed
MLS #SR23079526
Days on Market69
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.17 AC / 7,315 SF
CountyLos Angeles County

Location

Listing Courtesy of Vinco Vinco Realty & Investments Inc, Christopher Martinez Diaz, DRE #01917060

Sold By Onward Capital, Inc., Adir Zarian, DRE #02092067

Add your commute

Building Information for 745 West 78th Street

Stories1Residences-Year Built1941Building Size-Lot Size0.17 AC / 7,315 SF

Payment Calculator

$5,872 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,912

Property Taxes

$960

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 745 West 78th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $72,048
  • Gross Scheduled Income: $72,048
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $69,995
  • Net Operating Income: $47,939
  • Number Of Rented Garages: 3
  • Garage Rental Rate: $100
  • Garage Income: $300
  • Gross Multiplier: 13.19
  • Cap Rate: 5.05
  • Financing: Conventional
Expense Details
  • Operating Expense: $22,055
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $22,055
Tax / Assessment Info
  • Tax Tract Number: 0-212
  • Tax Census Tract: 2377.20
  • CFD/Mello-Roos Fee: $605
  • Tax Lot: 300
Community / Development
Community / Development
  • Community Features: Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: Hoover & 78th
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,704
  • Unit Type Total Rent: $6,004
  • Unit Type Pro Forma: 7700
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 745 West 78th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 745 West 78th Street

Taxable ValueLand$765,000Additions$153,000Total$918,000
Tax Record2023$11,522 ($960 / month)
Home Facts
Total Finished SqFt2,639 SqFtAbove Grade Finished SqFt2,639 SqFtLot Size7,315 SqFtStyleQuadraplexYear Built1941ZoningLARD2CountyLOS ANGELESAPN6020-018-024

Schools near 745 West 78th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Loren Miller Elementary School
PublicK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

KIPP Empower Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Vinco Vinco Realty & Investments Inc, Christopher Martinez Diaz, DRE #01917060

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.