124 E 74th St Los Angeles, CA 90003
Florence NeighborhoodEstimated payment $7,672/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
- 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 $32,000
- Net Operating Income $61,783
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 | $17,374 | $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 |
|---|---|---|---|---|---|
| 05/14/2026 05/14/26 | Price Changed | $1,150,000 | -9.8% | $341 / Sq Ft | |
| 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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
- 124 E 76th St
- 229 E 75th St
- 132 W 74th St
- 219 E 76th Place
- 135 E 77th St
- 7607 S San Pedro St
- 139 W Florence Ave
- 131 W 77th St
- 203 W 77th St
- 7104 S San Pedro St
- 245 W 73rd St
- 210 W 77th St
- 247 W Florence Ave
- 358 E 73rd St
- 151 E 69th St
- 7913 Main St
- 116 E 68th St
- 7511 S Broadway
- 243 E 79th St
- 316 W 73rd St
- 219 E 76th St
- 238 E 73rd St Unit 238
- 7617 S Main St
- 7688 S Main St
- 227-229 E 78th St Unit 227 1/2
- 202 E 78th St
- 7811 S San Pedro St Unit 4
- 239 E 80th St
- 211 E 81st St Unit D
- 7833 Towne Ave
- 348 W 70th St
- 611 E 75th St
- 611 E 75th St Unit 75TH(611F)
- 116 E 82nd St
- 307 E 81st St Unit 307 1/4
- 224 E 65th St
- 213 W 82nd St
- 249 W 65th St Unit 2
- 348 W 81st St Unit 348 W 81
- 218 E 83rd St
Ask me questions while you tour the home.