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$1,150,000   Price Analysis
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629 E 78th St
Los Angeles, CA 90001
Unknown bed None bath 3,506 SqFt ($328/SqFt)
5,736SqFt lot. Built 2012
Listed 2024-06-06, Taxes $7,422
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Seize this rare opportunity to own a highly desirable front-and-back unit duplex

* No Longer For Sale *
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Built in 2012. This exceptional property features 3, 506 square feet of living space, comprising two distinct 5-bedroom, 3-bathroom townhouse-style units. Each unit offers an upstairs and downstairs, providing ample space and privacy. The property includes a separate 3-car garage accessible via back gates, alng with off-street parking for at least two additional vehicles. Each unit is equipped with dual-pane vinyl windows, granite countertops in the kitchen and solid wood cabinets throughout.

The kitchen and bathrooms feature tile flooring, enhancing durability and ease of maintenance. The front unit is currently tenanted, providing a steady monthly rental income. The rear unit has been newly painted and fitted with vinyl plank flooring, making it turn-key and ready for immediate occupancy by buyer or new tenants. This property generates positive cash flow, with rental income exceeding operating expenses when all units are leased. Buyers are advised to verify all information, inc luding rental income and expenses. Inquire with Agent for additional information. Location is 5 miles from SoFi Stadium; near the 110 and 105 freeways.


Presented by Kyle Tang at
L.S. Gateway Realtors.


Property MLS #PW24115137 from CRMLS

Unfurnished
Flooring: Vinyl

Kitchen, Laundry

Laundry Features: Gas & Electric Dryer Hookup, Inside

Heating Features: Forced Air
Heating: Yes

Lot Description: 2-5 Units/Acre
Lot Size Acres: 0.1316804
Lot Size Source: Assessor
Lot Size Square Feet: 5736

Road Frontage Type: City Street

Garage Spaces: 3
Parking Features: Parking YN: Yes, Parking Features: Garage, Gated, Off Street, Tandem Uncovered
Parking Total: 7

View: City Lights, Neighborhood

Number of Units: 2

Gardener Expense: 780.00

Number of Units Leased: 1

Community Features: Sidewalks, Street Lights

Source Listing Status: Closed
County: Los Angeles
Cap Rate: 7.00
Source Property Type: Residential Income
Insurance Expense: 1351.00
Area: C37 - Metropolitan South
Source Neighborhood: C37 - Metropolitan South
New Taxes Expense: 14375.00
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 1
Parcel Number: 6023025025
Pest Control Expense: 42.00
Postal Code Plus 4: 2818
Professional Management Expense: 4596.00
Zoning: LAR2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$336,513 + $261,086
$597,599
$7,422
2021$329,915 + $255,967
$585,882
$7,315
2020$326,533 + $253,343
$579,876
$7,384
2019$320,131 + $248,376
$568,507
$7,101
2018$313,854 + $243,506
$557,360
$7,006
2017$307,700 + $238,732
$546,432
$6,855
2016$301,667 + $234,051
$535,718
$6,668
2015$297,136 + $230,536
$527,672
$6,573
2014$291,316 + $226,021
$517,337
$6,604
2013$290,000 + $225,000
$515,000
$6,604
2012$254,130 + $110,670
$364,800
$4,741
2010$40,301 + $126,948
$167,249
$418
2009$13,683 + $11,215
$24,898
$407
2009$13,650 + $11,188
$24,838
$407
2008$13,415 + $10,996
$24,411
$395
2007$13,152 + $10,781
$23,933
$378

Sold 2024-07-19
$1,150,000
CRMLS
Listed 2024-06-06
$1,150,000
CRMLS
Sold 2012-07-29
$515,000
SoCalMLS
Listed 2012-01-23
$515,000
SoCalMLS
Listing removed 2011-02-02
$160,000
TheMLSCLAW
Listed 2010-11-29
$160,000
TheMLSCLAW

Net Operating Income: 81783.00

Total Square Feet Living: 3506
Year Built: 2012
Building Features: 1
Common Walls: 1 Common Wall
Construction Materials: Drywall Walls, Stucco
Entry Level: 1
Entry Location: Front
Foundation Details: Slab
Property Age: 12
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Duplex
Year Built Source: Public Records

Sewer: Sewer: Public Sewer, Water Sewer Expense: 2049.00
Sewer Connected
Water Source: Public

Mckinley Avenue Elementary School is a public elementary school located approximately 0.2 miles away.
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Academy For Multiligual Arts And Science At Mervyn M. Dymally High is a public high school located approximately 0.8 miles away.
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Charles Drew Middle School is a public middle school located approximately 1.1 miles away.
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Miracle Baptist Christian School is a private elementary and middle school located approximately 0.6 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.