
Los Angeles, California 90001
This High-Potential Investment Opportunity is listed at $1,185,000, positioned slightly above the $1,128,595 Fair Market Value. As a Triplex with a Condition Rating of 3, the property features a recently renovated front unit and significant upside through an oversized garage with ADU conversion potential. The property is not subject to the City of Los Angeles Rent Stabilization Ordinance, providing rare management flexibility. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to subsidize their mortgage through multiple income streams.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1201 E 78th Street Subject | $1,185,000* List Price | 0 | 0 | 2,589 | $436 | - |
A 6926 Compton Avenue Sold | $834,000 | 0 | 0 | 2,396 | $348 | 0.7 mi |
B 819 E 73rd Sold | $1,093,000 | 0 | 0 | 2,854 | $383 | 0.5 mi |
C 8405 Mckinley Avenue Sold | $875,000 | 0 | 0 | 1,754 | $499 | 0.5 mi |
D 8230 Compton Sold | $1,040,000 | 5 | 5 | 2,160 | $481 | 0.5 mi |
E 8230 Compton Sold | $1,040,000 | 0 | 0 | 2,160 | $481 | 0.5 mi |
F 749 -751 E 84th Street Active | $950,000 List Price | 0 | 0 | 2,138 | $444 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The interior of the vacant unit features a recent renovation (likely <5 years) including modern white shaker cabinets, stone countertops, and new laminate flooring. While the 1960s exterior and landscaping require maintenance, the updated kitchen and living areas make it move-in ready.
The property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), offering investors rare flexibility for market-rate rent adjustments and enhanced long-term cash flow potential.
The oversized garage provides a prime opportunity for an ADU conversion, allowing owners to add a fifth income stream and substantially increase the overall property valuation.
With the 3-bedroom front unit delivered vacant, the property is ideal for an owner-occupant looking to utilize residential financing while the remaining units subsidize the mortgage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2589, other record living area = 1824.
Housing four existing units plus a large garage on a 4,931-square-foot lot creates a high-density environment with very limited private outdoor space or yard area for tenants.
The list price reflects a significant jump from the property's recent sales history, which may pose challenges for appraisal valuations and initial capitalization rates for conservative investors.
VACANT, VACANT, VACANT Exceptional Value-Add Opportunity! 3 Residential Units, Studio & Oversized Garage with ADU Conversion Potential | No Rent Control (Please check with the City). An exceptional opportunity for investors and owner-occupants alike! The spacious front 3-bedroom, 1-bath unit will be delivered vacant at the close of escrow, offering the perfect opportunity to owner-occupy, while rental income from the remaining units helps significantly reduce your monthly housing expenses. This versatile income-producing property features an outstanding unit mix, including a 3-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, a 1-bedroom, 1-bath unit, plus a studio with a full bathroom. The oversized garage offers excellent ADU conversion potential (Buyer to verify with the City), creating an outstanding value-add opportunity with the potential to generate additional rental income and further enhance the property's value. The property also features a large private parking area, providing ample off-street parking for residents, guests, and additional vehicles. One of the property's most valuable features is that it is NOT subject to the City of Los Angeles Rent Stabilization Ordinance (Rent Control), providing greater flexibility for future rental management, rental adjustments, and long-term investment growth. Whether you're an experienced investor looking to maximize cash flow or a first-time homebuyer ready to build wealth through owner-occupancy, this property offers multiple income streams, exceptional upside potential, and outstanding long-term value. Properties offering this combination of owner-occupancy, multiple income-producing units, a studio, ADU conversion potential, abundant parking, and no Rent Control rarely become available. Whether you choose to owner-occupy, expand your investment portfolio, or unlock the property's full potential through a future ADU conversion, this is a rare opportunity to maximize rental income, build long-term equity, and create lasting value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,589 | 2,187.451 |
| Lot Size | 4,931 | 5,841.385 |
| Price | $1.19M | $841.5K |
| Price per sq ft | $458 | $385 |
| Built year | 1960 | 1928 |
| HOA | $0 | $0 |
| Days on market | 46 | 85 |
Jul 25, 2026
$1,185,000
Initial Listing
Jul 24, 2024
$990,000
Public Record
Sep 18, 2023
$300,000
Public Record