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1222 E 78th StreetLos Angeles, CA 90001

For Sale

$1,990,000

Smart Buyer Rebate $19,900

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.

Listed by Logan Altman

·

License #01965826

·

Altman Apartments LLC

·

310-903-0222

Last updated August 18, 2025

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Source: CRMLS #SR25185850

Listing Facts

  • TypeMulti-family
  • NeighborhoodFlorence-Graham
  • Days on Prevu117

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

10/29/2025
Status changed to Active
$1,990,000
10/21/2025
Status changed to Removed from Feed
$1,990,000
10/21/2025
Status changed to Active
$1,990,000
10/19/2025
Status changed to Removed from Feed
$1,990,000
10/18/2025
Status changed to Active
$1,990,000
10/16/2025
Status changed to Removed from Feed
$1,990,000
10/05/2025
Status changed to Active
$1,990,000
10/03/2025
Status changed to Removed from Feed
$1,990,000
09/21/2025
Status changed to Active
$1,990,000
09/19/2025
Status changed to Removed from Feed
$1,990,000
09/18/2025
Status changed to Active
$1,990,000
09/17/2025
Status changed to Removed from Feed
$1,990,000
09/12/2025
Status changed to Active
$1,990,000
09/06/2025
Status changed to Removed from Feed
$1,990,000
09/05/2025
Status changed to Active
$1,990,000
09/04/2025
Status changed to Removed from Feed
$1,990,000
08/18/2025
Listed by Altman Apartments LLC
$1,990,000

Property Details for 1222 E 78th Street

Association

Amenities

  • Community Features: Street Lights, Sidewalks, Urban

Exterior

Construction

  • Number Of Units Total: 12
  • Stories: 1
  • Stories Total: 1
  • Year Built: 1938
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: 78th Street

Measurements

  • Building Area Total: 3,000
  • Building Area Units: Square Feet
  • Lot Features: Rectangular Lot, Street Level
  • Lot Size Acres: 0.12
  • Lot Size Area: 5,497
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5,497
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.37
  • Gross Income: $212,280.00
  • Operating Expense: $54,948.00

Taxes

  • Parcel Number: 6024017056

Other

Location

  • Tax Lot: 1308

Parking

Parking

  • Open Parking Spaces: 5
  • Parking Features: Asphalt, Controlled Entrance, Driveway, Electric Gate
  • Parking Total: 5

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1222 E 78th Street.

Does this multi-family home have parking?

Yes, there are 5 parking spaces available for 1222 E 78th Street.

How does 1222 E 78th Street compare to other multi-family homes in Florence-Graham?

This multi-family home is listed 94% above the average price for multi-family homes in Florence-Graham and has been on the market for 29 less days than the typical home in this area.

1222 E 78th Street is a -bedroom multi-family home for sale in Los Angeles CA 90001. On Prevu for 117 days at $1,990,000. This residence is located in Florence-Graham. The median listing price for multi-family homes in this area is $749,500. Additional amenities include parking. Browse more multi-family home listings in Los Angeles County.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.