Properties
Los Angeles, CA 90003 124 E 74th Street
$1,275,000
Presented By: Jeff Cossio with Grand Avenue Realty & Lending; 714-392-5803
Baths • 1
SQFT • 3,377
Garage • 5
Home Details
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 $30,000 in recent capital improvements, including new dual-pane windows, fresh exterior paint, partial copper plumbing, and interior renovations in half of the units, partial roof. The layout offers privacy and appeal for long-term occupancy, with a unit mix that supports strong rental demand. This is a well-located multifamily asset with upside potential through further unit repositioning and possible ADU development.
Presented By: Jeff Cossio with Grand Avenue Realty & Lending; 714-392-5803
Interior Features for 124 E 74th Street
Other Interior Features
Common WallsNo Common Walls
FlooringLaminate
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level2
General for 124 E 74th Street
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate5.98
CityLos Angeles
Community FeaturesCurbs
Construction MaterialsCopper Plumbing
CountyLos Angeles
Current FinancingConventional
DirectionsE on Main St, W on San Pedro, S on Florence, N on Manchester
Electric Expense
Entry Location1 & 2 floor
Fuel Expense
Garage Spaces5
Garage Y/NYes
Gross Income
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense
Land Lease Y/NNo
LevelsOne, Multi/Split
Listing TermsCash, Conventional, 1031 Exchange
Lot Size Square Feet7704
Lot Size UnitsSquare Feet
MLS AreaC37 - Metropolitan South
Net Operating Income76184
New ConstructionNo
Number Of Units Total6
Number of Units Leased5
Operating Expense35106
Pool FeaturesNone
PossessionClose Plus 3 Days
PostalCityLOS ANGELES
Property Attached Y/NNo
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
RoofRolled/Hot Mop, Spanish Tile
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot54
Trash Expense0
ViewNone
Water Sewer Expense0
Year Built1927
Year Built SourceAssessor
ZoningLAR1
Exterior for 124 E 74th Street
Building Area Total3377
Lot Features0-1 Unit/Acre, Flag Lot, Paved
Lot Size Acres0.1769
Lot Size Area7704
Lot Size SourceAssessor
Number of Buildings5
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking5
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
