2051 W 78th Place, Los Angeles, California 90047, Los Angeles, 90047 - 3 bed, 2 bath
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2051 W 78th Place
Los Angeles, California 90047
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,420Sq Ft
6,706Lot Size
Property Price
LIST PRICE$825,000
EST. MARKET VALUE
$776,037
6% AboveMARKET VALUE
SUMMARY
This Spacious Craftsman Home is a Strong Value Opportunity, listed at $825,000—positioned well below the $776,038 Fair Market Value by -6%. While the list price reflects a premium over the estimated value, the property offers a Good Condition Rating with significant upgrades, including a remodeled primary suite and a detached bonus studio. The home provides a versatile layout for modern living. This is an ideal acquisition for Owner-Occupants seeking a move-in ready residence or first-time buyers prioritizing a flexible workspace.
Estimated Market Value
$776,037
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2051 W 78th Place Subject | $825,000* List Price | 3 | 2 | 1,420 | $547 | - |
A 1835 W 82nd Street Sold | $780,000 | 3 | 2 | 1,512 | $516 | 0.4 mi |
B 2014 W 84th Street Sold | $865,000 | 3 | 2 | 1,440 | $601 | 0.4 mi |
C 2042 W 75th Street Sold | $737,000 | 2 | 1 | 1,518 | $486 | 0.2 mi |
D 1901 W 77th Sold | $700,000 | 3 | 1 | 1,296 | $540 | 0.3 mi |
E 1728 W 81st Street Sold | $815,000 | 3 | 2 | 1,770 | $460 | 0.5 mi |
F 1937 W 80th Street Sold | $800,000 | 3 | 2 | 1,556 | $514 | 0.2 mi |
G 1425 W 79th Sold | $835,000 | 3 | 2 | 1,356 | $616 | 0.8 mi |
H 7523 Dalton Avenue Sold | $785,000 | 3 | 2 | 1,523 | $515 | 0.7 mi |
I 1829 W 84th Place Active | $764,900 List Price | 3 | 2 | 1,288 | $594 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although originally built in 1925, the property has been thoughtfully renovated throughout. It features a move-in ready interior with updated vinyl wood plank flooring, a modernized kitchen with new cabinetry and stainless steel appliances, and two completely remodeled bathrooms with contemporary finishes. The presence of xeriscaping and a finished bonus studio in the garage indicates high maintenance standards, though the overall age of the structure and specific style of the kitchen upgrades place it firmly in the 'Good' category rather than 'Excellent'.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- Modernized Primary Suite
The home features a spacious primary retreat with a fully remodeled en suite bath, floating double vanity, and walk-in closet, offering a luxury feel rarely found in 1920s builds.
- Versatile Bonus Studio
A detached two-car garage includes a bonus studio room, providing flexible space for a home office, creative workspace, or potential ADU conversion to add value.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The local public schools assigned to this address have low performance ratings (ranging from 1 to 3), which may impact the property's appeal to families prioritizing education.
- Lack of Scenic Views
The property does not offer any significant views, which is a common trade-off for its central, residential location in the Manchester Square neighborhood.
About 2051 W 78th Place
Updated Craftsman charm meets modern comfort in this spacious 3-bedroom, 2-bath home on a quiet, centrally located street. Thoughtfully renovated throughout, the home features durable vinyl wood plank flooring, a formal dining room, and an upgraded kitchen with new cabinetry and stainless steel appliances. The expansive den/family room creates an ideal gathering space and opens directly to the fenced in backyard, great for entertaining. A generously sized primary suite provides a private retreat with a remodeled en suite bath featuring a floating double vanity, walk-in closet, and contemporary finishes. Both bathrooms have been completely renovated, blending style and functionality. Outside, drought-conscious xeriscape landscaping enhances curb appeal while minimizing maintenance. The gated backyard offers privacy and space to relax, entertain, or play. Adding even more versatility, the detached 2-car garage includes a bonus studio room perfect for a home office, gym, creative workspace, or flexible-use area to fit your lifestyle. If you're looking for a move-in ready home with great value and neighbors who actually look out for each other, you'll love Manchester Square plus you're just minutes from Circle Park and Fiesta Martin with easy access to SoFi and The Forum.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 6,706 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Seventy-Fourth Street Elementary School
Grades K-5 • 0.3 mi
3/10
La Salle Avenue Elementary School
Grades K-5 • 0.9 mi
3/10
Raymond Avenue Elementary School
Grades K-5 • 1.0 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,420 | 1,664.159 |
| Lot Size | 6,706 | 6,066.556 |
| Price | $825.0K | $1.35M |
| Price per sq ft | $581 | $806 |
| Built year | 1925 | 1939 |
| HOA | $0 | $278 |
| Days on market | 11 | 55 |
Pricing History
Listed for Sale
Aug 29, 2026
$825,000
Initial Listing
Sold
Jun 23, 2020
$670,000
Public Record
Sold
Sep 29, 2017
$545,000
Public Record
Sold
Jun 2, 2017
$405,000
Public Record