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1222 E 78th St 12 Unit Apartment Building $1,990,000 ($165,833/Unit) 7.37% Cap Rate Los Angeles, CA 90001

Apartment Buildings California Los Angeles 1222 E 78th St, Los Angeles, CA 90001

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EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Price $1,990,000 Building Class C
Price Per Unit $165,833 Lot Size 0.13 AC
Sale Type Investment Building Size 3,000 SF
Cap Rate 7.37% Average Occupancy 0%
Sale Conditions
Lease Option
  • High Vacancy Property
 No. Stories 1
Gross Rent Multiplier 9.37 Year Built/Renovated 1938/2025
No. Units 12 Parking Ratio 1.67/1,000 SF
Property Type Multifamily Corridor Exterior
Property Subtype
Apartment
  • Multifamily Dormitory
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low-Rise
Zoning M1
Price $1,990,000
Price Per Unit $165,833
Sale Type Investment
Cap Rate 7.37%
Sale Conditions
Lease Option
  • High Vacancy Property
Gross Rent Multiplier 9.37
No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.13 AC
Building Size 3,000 SF
Average Occupancy 0%
No. Stories 1
Year Built/Renovated 1938/2025
Parking Ratio 1.67/1,000 SF
Corridor Exterior
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning M1

AMENITIES

UNIT AMENITIES

  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Stainless Steel Appliances
  • Range
  • Quartz Countertops

SITE AMENITIES

  • Controlled Access
  • Gated
  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 11 - 145 - 215
1+1 1 - 285
1 1
Walk Score®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 6024-017-056 Improvements Assessment $259,241
Land Assessment $584,513 Total Assessment $843,754

PROPERTY TAXES

Parcel Number
6024-017-056
Land Assessment
$584,513
Improvements Assessment
$259,241
Total Assessment
$843,754
(310) 903-0222

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 36877411

  • Date on Market: 7/23/2025

  • Last Updated:

  • Address: 1222 E 78th St, Los Angeles, CA 90001

More public record information on 1222 E 78th St, Los Angeles, CA 90001

The Florence-Graham Multifamily Property at 1222 E 78th St, Los Angeles, CA 90001 is currently available. Contact Altman Apartments LLC for more information.

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1222 E 78th St
(310) 903-0222 x

1222 E 78th St

Logan Altman
(310) 903-0222

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