124 E 74th St Los Angeles, CA 90003
Florence NeighborhoodEstimated payment $8,297/month
Highlights
- No HOA
- Paved or Partially Paved Lot
- Wall Furnace
About This Home
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.
Listing Agent
Grand Avenue Realty & Lending Brokerage Phone: 714-392-5803 License #01503782 Listed on: 06/03/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1927
Lot Details
- 7,704 Sq Ft Lot
- No Common Walls
- Paved or Partially Paved Lot
- Flag Lot
- Density is up to 1 Unit/Acre
Parking
- 5 Car Garage
Home Design
- Split Level Home
- Entry on the 2nd floor
- Spanish Tile Roof
- Rolled or Hot Mop Roof
- Copper Plumbing
Interior Spaces
- 3,377 Sq Ft Home
- 2-Story Property
- Laminate Flooring
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Tax Lot 54
- Tax Tract Number 4219
- Assessor Parcel Number 6022003011
- $1,009 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 6 Units
Building Details
- 5 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $35,106
- Gross Income $108,995
- Net Operating Income $76,184
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,172 | $1,374,263 | $848,966 | $525,297 |
| 2024 | $17,172 | $1,347,318 | $832,320 | $514,998 |
| 2023 | $16,852 | $1,320,900 | $816,000 | $504,900 |
| 2022 | $10,730 | $834,758 | $618,340 | $216,418 |
| 2021 | $10,593 | $818,391 | $606,216 | $212,175 |
| 2019 | $10,299 | $793,467 | $424,848 | $368,619 |
| 2018 | $10,142 | $777,910 | $416,518 | $361,392 |
| 2016 | $9,649 | $747,704 | $400,345 | $347,359 |
| 2015 | $9,517 | $736,474 | $394,332 | $342,142 |
| 2014 | $9,582 | $722,048 | $386,608 | $335,440 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/13/2025 08/13/25 | Price Changed | $1,275,000 | -5.6% | $378 / Sq Ft | |
| 06/03/2025 06/03/25 | For Sale | $1,350,000 | +4.2% | $400 / Sq Ft | |
| 02/08/2022 02/08/22 | Sold | $1,295,000 | 0.0% | $383 / Sq Ft | View Prior Sale |
| 01/24/2022 01/24/22 | Pending | -- | -- | -- | |
| 12/01/2021 12/01/21 | For Sale | $1,295,000 | +59.9% | $383 / Sq Ft | |
| 12/02/2019 12/02/19 | Sold | $810,000 | +2.5% | $240 / Sq Ft | View Prior Sale |
| 04/09/2019 04/09/19 | Pending | -- | -- | -- | |
| 03/11/2019 03/11/19 | For Sale | $789,990 | -- | $234 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25124135
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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