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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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1201 E 78th Street Los Angeles, CA 90001
$1,098,000 0 beds, 0 baths
0 sqft
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HUGE REDUCTION: VACANT, VACANT, VACANT Exceptional Value-Add Opportunity! 3 Residential Units, Studio & Oversized Garage with ADU Conversion Potential | No Rent Control (Please check with the City). An exceptional opportunity for investors and owner-occupants alike! The spacious front 3-bedroom, 1-bath unit will be delivered vacant at the close of escrow, offering the perfect opportunity to owner-occupy, while rental income from the remaining units helps significantly reduce your monthly housing expenses. This versatile income-producing property features an outstanding unit mix, including a 3-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, a 1-bedroom, 1-bath unit, plus a studio with a full bathroom. The oversized garage offers excellent ADU conversion potential (Buyer to verify with the City), creating an outstanding value-add opportunity with the potential to generate additional rental income and further enhance the property's value. The property also features a large private parking area, providing ample off-street parking for residents, guests, and additional vehicles. One of the property's most valuable features is that it is NOT subject to the City of Los Angeles Rent Stabilization Ordinance (Rent Control), providing greater flexibility for future rental management, rental adjustments, and long-term investment growth. Whether you're an experienced investor looking to maximize cash flow or a first-time homebuyer ready to build wealth through owner-occupancy, this property offers multiple income streams, exceptional upside potential, and outstanding long-term value. Properties offering this combination of owner-occupancy, multiple income-producing units, a studio, ADU conversion potential, abundant parking, and no Rent Control rarely become available. Whether you choose to owner-occupy, expand your investment portfolio, or unlock the property's full potential through a future ADU conversion, this is a rare opportunity to maximize rental income, build long-term equity, and create lasting value.

Listing Details

Property type: Triplex (Multi-Family)
Status: Active
MLS# IG26152988
List price is $1,098,000 Reduced by $87,000 on 9/18/2026
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1960
1 story
0.11 acres
Lot size: 0.1132
County: Los Angeles
Interior features: All Bedrooms Up,All Bedrooms Down
Parking description: None
Lot description: ZeroToOneUnitAcre
Heating/cooling: None
Heating description: None
MLS area: 699 - Not Defined

Last Updated: 10/10/2026

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 33.968273, -118.254179.
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Listing Agent: Jose Vasquez-Tafur
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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White/Blue Collar Jobs

Population by Gender

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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