936 W 78th Street, California, Los Angeles, 90044 - 5 bed, 3 bath
936 W 78th Street
California
Property Price
SUMMARY
Analysis of 936 W 78th Street, California reveals a property with a current list price of $950,000, which is 36% above the estimated $607,907 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the California Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
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 | $304 | - |
A 1104 W 89th Street Sold | $680,000 | 4 | 2 | 1,622 | $419 | 0.8 mi |
B 1116 W 80th Street Sold | $830,000 | 3 | 2 | 1,508 | $550 | 0.3 mi |
C 1261 W 80th Street Sold | $845,000 | 4 | 2 | 1,706 | $495 | 0.5 mi |
D 1217 W 77th Street Sold | $800,000 | 3 | 2 | 1,332 | $601 | 0.4 mi |
E 1316 W 73rd Sold | $685,000 | 3 | 2 | 1,605 | $427 | 0.6 mi |
F 1019 W 84th Street Active | $1,100,000 List Price | 4 | 3 | 2,088 | $527 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1950, the property has undergone an extensive and recent renovation, as evidenced by the description and images. The kitchen features modern white shaker cabinetry, solid surface countertops, contemporary tile backsplash, stainless steel appliances (refrigerator, gas range/oven, dishwasher), and recessed lighting, all appearing virtually new. The living areas boast upgraded laminate wood flooring, a modern color palette, and recessed lighting/ceiling fans. Bedrooms have clean, modern carpeting. The overall aesthetic is fresh, contemporary, and move-in ready, indicating a full renovation within the last 5 years, meeting current quality standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- Development Potential
The property is zoned RD1.5, offering a significant opportunity for multi-family apartment development, enhancing its long-term investment value.
- Modern Interior Upgrades
Features a beautifully updated open-concept kitchen with stainless steel appliances, solid surface countertops, white shaker cabinetry, upgraded flooring, and recessed lighting.
CONSRISKS & DEFICIENCIES
- Significant Overpricing
The current list price of $950,000 is considerably above the estimated property value of $607,907, suggesting it may be overpriced by approximately 36%.
- Extended Market Duration
The property has been on the market since September 1, 2022, indicating a prolonged listing period which may deter potential buyers or necessitate a price adjustment.
- Absence of Views
The property lacks any notable views, which could be a disadvantage for buyers prioritizing scenic outlooks.
About 936 W 78th Street
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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 5,720 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
California Unified Schools
Raymond Avenue Elementary School
Grades K-5 • 0.5 mi
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Grades K-6 • 0.6 mi
Danny J. Bakewell, Sr., Primary Center
Grades K • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 96% |
| Baths | 3.0 | 2.0 | 92% |
| Square foot | 2,000 | 1,276.5 | 93% |
| Lot Size | 5,720 | 5,250 | 59% |
| Price | $950.0K | $657.0K | 96% |
| Price per sq ft | $475 | $534 | 38% |
| Built year | 1950 | 1928 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 1282 | 189 | 0% |
Pricing History
Sold
Nov 21, 2018
$505,000
Public Record
Sold
Sep 20, 2017
$359,000
Public Record
Sold
Apr 29, 2004
$185,000
Public Record