124 E 74th Street, Los Angeles, CA 90003
- $1,150,000
- List Price
- $1,150,000
- Price Change
- ▼ $125,000 1778832766
- Status
- ACTIVE
- MLS#
- PW25124135
- Year Built
- 1927
- Lot Size
- 7,704
- Acres
- 0.18
- Lot Location
- 0-1 Unit/Acre, Flag Lot, Paved
- Days on Market
- 421
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- One Level, Multi Level
Property Description
Exceptional opportunity to acquire a six-unit multifamily property located in a high-demand Los Angeles submarket. The asset consists of six separate structures situated on a 7,702 sq. ft. lot, including four stand-alone 2-bedroom/1-bath units with no shared walls, and a rear building containing two 1-bedroom/1-bath units positioned above five covered garages. An additional detached garage provides a total of six covered parking spaces with potential for ADU conversion (buyer to verify). Built in 1927, the property retains its architectural charm while benefiting from over $30,000 in recent capital improvements, including new dual-pane windows, fresh exterior paint, partial copper plumbing, and interior renovations in half of the units, partial roof. The layout offers privacy and appeal for long-term occupancy, with a unit mix that supports strong rental demand. This is a well-located multifamily asset with upside potential through further unit repositioning and possible ADU development.
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- View
- None
- Exterior Construction
- Copper Plumbing
- Roof
- Rolled/Hot Mop, Spanish Tile
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $94,068
- Operating Expense
- 32000
Listing courtesy of Listing Agent: Jeff Cossio (jeffcossio@hotmail.com) from Listing Office: Grand Avenue Realty & Lending.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.