223 E 74th Street, Los Angeles, CA 90003
- $775,000
- 5
- BD
- 4
- BA
- 2,050
- SqFt
- List Price
- $775,000
- Status
- ACTIVE
- MLS#
- 26858537
- Year Built
- 1926
- Bedrooms
- 5
- Bathrooms
- 4
- Living Sq. Ft
- 2,050
- Lot Size
- 5,513
- Acres
- 0.13
- Days on Market
- 18
- Property Type
- Multifamily
- Stories
- One Level
Property Description
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.
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Additional Information
- Heat
- Wall Furnace
- Attached Structure
- Detached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Armin Soleimani (arminsoleimani@gmail.com) from Listing Office: Global Platinum Properties, Inc..
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