623 W 78th, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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623 W 78th
Los Angeles, California 90044
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,301Sq Ft
7,002Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$898,731
SUMMARY
This Residential Income Asset is a High-Potential Investment Opportunity, listed at $899,000—positioned well below the $898,731 Fair Market Value (effectively at market). Delivered 100% vacant, this property offers immediate leasing potential across its four units. Featuring a Condition Rating of 3, the recently renovated interiors and tile flooring provide a turnkey foundation for rental income. While the non-conforming units require careful due diligence, the high-density configuration offers significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add duplex in Los Angeles.
Estimated Market Value
$898,731
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 |
|---|---|---|---|---|---|---|
★ 623 W 78th Subject | $899,000* List Price | 0 | 0 | 2,301 | $391 | - |
A 856 W 73rd Street Sold | $750,000 | 4 | 4 | 2,339 | $321 | 0.4 mi |
B 6927 Estrella Avenue Sold | $988,000 | 0 | 0 | 2,960 | $334 | 0.5 mi |
C 1154 W 67th Sold | $840,000 | 0 | 0 | 1,775 | $473 | 0.9 mi |
D 613 W 80th Active | $850,000 List Price | 0 | 0 | 2,373 | $358 | 0.1 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 built in 1914, the property is described as recently renovated and delivered vacant, featuring updated interiors and new tile flooring. It is move-in ready; however, the reliance on older floor furnace heating instead of modern central HVAC and the standard quality of the finishes prevent it from reaching an 'Excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- Immediate Rental Upside
The property is delivered 100% vacant, allowing an investor or owner-user to immediately lease all units at current market rates without the complications of existing tenancies or rent control relocation.
- High-Density Configuration
While officially a duplex, the property features four total units, offering a rare opportunity for increased cash flow and a significantly higher cap rate than traditional two-unit residential income properties.
CONSRISKS & DEFICIENCIES
- Non-Conforming Use Risks
Two of the four units are non-conforming, which may present significant challenges with traditional financing, appraisals, and long-term municipal code compliance or permitting.
- Underperforming Local Schools
The majority of assigned public schools in the immediate vicinity carry low ratings (ranging from 1 to 4), which could limit the property's appeal to families and impact long-term appreciation.
About 623 W 78th
Rare opportunity to acquire a recently renovated duplex delivered 100% vacant in Los Angeles. Situated on a 7,002 square foot lot, this income property offers immediate availability to rent. There are 4 units in total, 2 non-conforming uses, flexibility for an owner-user or investor to lease all four units at current market rents. The property features updated interiors, tile flooring, floor furnace heating, composition roof, frame and stucco construction, alley access, driveway and carport parking. Conveniently located near schools, shopping, parks, public transportation, and major freeway access. An excellent value-add opportunity with significant upside potential
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1914
- Lot Size
- 7,002 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Sixty-Eighth Street Elementary School
Grades K-6 • 0.6 mi
4/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Grades K-6 • 0.7 mi
2/10
Manchester Avenue Elementary School
Grades 1-6 • 0.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,301 | 2,187.451 |
| Lot Size | 7,002 | 5,841.385 |
| Price | $899.0K | $841.5K |
| Price per sq ft | $391 | $385 |
| Built year | 1914 | 1928 |
| HOA | $0 | $0 |
| Days on market | 34 | 85 |
Pricing History
Listed for Sale
Aug 6, 2026
$899,000
Initial Listing
Sold
Oct 17, 2007
$550,000
Public Record
Sold
Mar 28, 1996
$180,000
Public Record
Sold
Sep 27, 1995
$80,000
Public Record