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223 E 74th St

Los Angeles CA 90003

5
4
2050 sq. ft.
5513 sq. ft.
Other
Currently for sale - view listing

Overview

Optimized Triplex in LA's high-demand Florence neighborhood, offering a rare mix of strong day-1 cash flow and explosive, entitlement-backed development potential. Situated on a 5,513 SF LAR2 lot, the property features 2 distinct structures totaling 3 units: a detached front bungalow (2BR/1BA) and a rear duplex, operating at a strong 6% Cap Rate. What sets this asset apart is its stacked development profile: TOC Tier 2 status, an AB 2097 zone (eliminating minimum parking requirements), a Transit Priority Area, and an AB 2334 Very Low Vehicle Travel Area. Featuring eligibility flags for SB 9, ED 1, and the Citywide Adaptive Reuse Program, an incoming operator has multiple paths to add massive density. Use the expansive rear yard to build detached, non-RSO market-rate ADUs/JADUs to radically lift the rent roll. Perfect for value-add investors.

Features

5 bedrooms
4 bathrooms
2050 sq. ft. floor area
5513 sq. ft. lot size
Other

Property history for 223 E 74th St

2018
Sold
Undisclosed
06 Sep 2018 by EDGAR ROSALES, of REMAX Top Producers | Diamond Bar

Happy sellers in Los Angeles

95%
95% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Los Angeles over the last 12 months.

Local market activity for 5 bedroom other properties in Los Angeles

In the last 12 months, 3 five-bedroom other properties similar to 223 E 74th St, have been sold.

This represents a 50% decrease in five-bedroom other properties sales when compared to the previous 12 months.

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