844 W 78th Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$1,998,000
844 W 78th Street, Los Angeles, California 90044
0Bed
0Bath
4,068Sqft
5,722Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Aggressive Pricing Strategy: The property was sold for $1.825M in February 2024 and is now listed at $1.998M, representing a significant price increase in a short period that may require strong justification to potential buyers.
Compared to the nearby listings
Price:$2.00M vs avg $787.5K (+$1,210,500)97%
Size:4,068 sqft vs avg 2,093.5 sqft91%
Price/sqft:$491 vs avg $34591%
More Insights
Built in 2023 (2 years old).
Condition: This property was newly built in 2023, as explicitly stated in the description and confirmed by the images. All components, including kitchens, bathrooms, flooring (LVP and tile), appliances (stainless steel and modern black), and light fixtures, are new and meet current quality standards. There is no visible wear and tear or deferred maintenance, indicating a virtually new condition throughout.
Year Built
2023
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$491
HOA
-
Days on market
-
Sold On
-
MLS number
SB25241465
Home ConditionExcellent
Features
View-
About this home
Modern Income Powerhouse – Built in 2023! Featuring a private 3Br single family home and two spacious 5-bedroom units . This is an incredible opportunity to own a turnkey property and offset your cost with awesome rental units. all newly constructed in 2023! Designed for today’s lifestyle, this property offers exceptional income potential with minimal upkeep. Whether you’re an owner-user or a savvy investor, this is the ideal setup for someone with a discerning eye who values style, cash flow, and ease of ownership. Live in the 3-bedroom unit and let the other 10 bedrooms generate enough rental income to cover your mortgage — and then some! All separate metered and will be DELIVERED VACANT!!!! With modern finishes, low maintenance, and strong returns, this property checks every box for smart real estate investing in 2025.
Nearby schools
3/10
Raymond Avenue Elementary School
Public,•K-5•0.6mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.6mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.6mi
4/10
Manchester Avenue Elementary School
Public,•1-6•0.7mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.7mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•1.0mi
3/10
La Salle Avenue Elementary School
Public,•K-5•1.2mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.3mi
3/10
Loren Miller Elementary School
Public,•K-6•1.7mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.1mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.2mi
2/10
John Muir Middle School
Public,•6-8•1.3mi
1/10
Horace Mann Junior High School
Public,•6-8•1.4mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.1mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.2mi
2/10
George Washington Preparatory High School
Public,•9-12•2.3mi
9/10
Middle College High School
Public,•9-12•3.6mi
Price History
Date
Event
Price
02/28/24
Sold
$1,825,000
09/16/22
Sold
$582,000
Condition Rating
Excellent
This property was newly built in 2023, as explicitly stated in the description and confirmed by the images. All components, including kitchens, bathrooms, flooring (LVP and tile), appliances (stainless steel and modern black), and light fixtures, are new and meet current quality standards. There is no visible wear and tear or deferred maintenance, indicating a virtually new condition throughout.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
New Construction: Built in 2023, this property offers modern finishes and the benefits of new construction, implying minimal immediate maintenance and repairs for the buyer.
Exceptional Income Potential: Comprising a 3-bedroom single-family home and two spacious 5-bedroom units, the property is designed as an 'Income Powerhouse' capable of generating substantial rental income to offset or cover mortgage costs.
Turnkey & Low Maintenance: Described as a 'turnkey property' with 'minimal upkeep' and 'low maintenance', it appeals to both owner-users and investors seeking ease of ownership.
Delivered Vacant & Separately Metered: The property will be delivered vacant with all units separately metered, providing immediate flexibility for new owners to set market rents and manage utilities efficiently.
Modern Design & Finishes: Designed for today’s lifestyle with modern finishes, the property is attractive to contemporary renters and buyers, ensuring strong appeal in the rental market.
Cons
Aggressive Pricing Strategy: The property was sold for $1.825M in February 2024 and is now listed at $1.998M, representing a significant price increase in a short period that may require strong justification to potential buyers.
Mixed School Ratings: Several nearby public schools have average to below-average ratings (e.g., 2s and 3s out of 10), which could be a deterrent for families prioritizing top-tier educational institutions.
Lack of Specific Neighborhood Amenities Highlighted: The description focuses heavily on the property itself and its income potential, but does not highlight specific desirable neighborhood amenities, unique local features, or strong community appeal in the Metropolitan Southwest area.