CA > Los Angeles
Los Angeles, CA 90001,1222 E 78th ST
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James Olvera

James Olvera

The Warburton Team

+1(909) 760-9091
$ 1,990,000
Est. payment | /mo

5,497 Sqft Lot

Save
$ 1,990,000
Est. payment | /mo
Save

5,497 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25185850

HOA Y/N No

Year Built 1938

Lot Size 5,497 Sqft

Property Sub-Type Apartment

Property Description

12-unit property with 11 studios and 1 one bedroom apartment. All units have their own bathrooms and full kitchens. This would be a perfect opportunity for a master lease option or purchase by a program to house their own clients. All units are to be delivered fully renovated and housing ready. A full renovation has just been completed which includes complete plumbing re-pipe, electrical re-wire with all brand new equipment and separate metering, HVAC systems, and new finishes. The project is pending the meters to be installed by Edison to obtain final status. This was previously an 8-unit motel that has now been converted to a 12-unit apartments community.

Location

State CA

County Los Angeles

Area C23 - Metropolitan

Zoning LCM1*

Interior

Fireplace No

Laundry None

Exterior

Parking Features Asphalt, Controlled Entrance, Driveway, Electric Gate

Pool None

Community Features Street Lights, Sidewalks, Urban

Total Parking Spaces 5

Private Pool No

Building

Lot Description Rectangular Lot, Street Level

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6024017056

Energy Description 3000.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Logan Altman Altman Apartments LLC 310-903-0222

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