936 W 78th Street, California, Los Angeles, 90044 - 5 bed, 3 bath
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California
This Turnkey Multi-Family Development Opportunity is listed at $950,000, representing a stable investment aligned with its $931,738 Fair Market Value. Boasting an Excellent Condition Rating after a full renovation, the 2,000 sqft residence features a modern open-concept kitchen, stainless steel appliances, and upgraded flooring. The property’s RD1.5 Zoning offers a major development play for multi-family units, while proximity to the 9/10 rated Middle College High School ensures long-term appeal. This versatile asset is an ideal match for Owner-Occupants or Buy-and-Hold Investors seeking immediate quality and future density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 936 W 78th Street Subject | $950,000* List Price | 5 | 3 | 2,000 | $466 | - |
A 8101 S Mariposa Avenue Sold | $923,000 | 3 | 3 | 2,113 | $437 | 0.6 mi |
B 529 W 90th Street Active | $1,099,000 List Price | 7 | 5 | 2,183 | $503 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation that aligns with current market standards. The interior features a modern open-concept kitchen with white shaker cabinetry, stainless steel appliances, and solid surface countertops. Throughout the home, there is upgraded flooring, recessed lighting, and a contemporary color palette. All visible components, including the kitchen and living areas, appear virtually new with no signs of deferred maintenance, qualifying it for the excellent category despite its 1950 original build date.
High School: Middle College High School (9/10).
The property is zoned RD1.5, providing a major opportunity for multi-family apartment development in a centrally located Los Angeles neighborhood.
The home features a fully updated open-concept kitchen with white shaker cabinetry, stainless steel appliances, and upgraded flooring throughout, offering a move-in-ready aesthetic.
The majority of the nearby public schools are rated poorly, with several middle and high schools scoring between 1 and 3, which may deter families prioritizing education.
The property has been on the market since September 2022, an unusually long period that may suggest the list price is not aligned with current market expectations.
Wonderfully Captivating Home in Los Angeles! Centrally located in a highly sought-after area this 5BR/3BA, 2,000 sqft property charms with an inviting covered front porch, tidy landscaping, and a lovely wrought iron fence. Drenched in shimmering natural light, the interior features an entertainment-ready floorplan, a modern color palette, beautiful upgraded flooring, a large living room, and an open concept kitchen with stainless-steel appliances, solid surface countertops, a gas range/oven, a dishwasher, a side-by-side refrigerator, white shaker cabinetry, contemporary tile backsplash, recessed lighting, and a dining area. All bedrooms are abundantly sized with dedicated closets, while the primary bedroom also boasts an attached en suite. Other features: detached 2-car garage, gated parking with paved driveway, laundry area, only 7-miles from Downtown LA, near shopping, restaurants, I-110, and schools, and so much more! Major development OPPORTUNITY! Zoned RD1.5 for Multi-family apartment...Call now for a tour!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 96% |
| Baths | 3.0 | 2.0 | 86% |
| Square foot | 2,000 | 1,340.5 | 90% |
| Lot Size | 5,720 | 5,278.5 | 60% |
| Price | $950.0K | $662.5K | 97% |
| Price per sq ft | $475 | $511 | 43% |
| Built year | 1950 | 1928 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 1329 | 181 | 0% |
Nov 21, 2018
$505,000
Public Record
Sep 20, 2017
$359,000
Public Record
Apr 29, 2004
$185,000
Public Record