358 E 73rd St Los Angeles, CA 90003
Florence NeighborhoodEstimated payment $4,534/month
About This Home
Value-add multifamily opportunity in Los Angeles, also known as 7301 Towne Ave. Situated on a large 6,714 sq ft corner lot, this R2-zoned property consists of a single-family residence plus a duplex (3 units total), offering both stable in-place income and multiple paths for upside. The property currently offers a strong cap rate, with clear opportunities to increase rents to market levels, renovate existing units, and add an ADU to further maximize income. The corner lot configuration and favorable zoning create long-term redevelopment and expansion potential, making this an ideal asset for investors seeking both cash flow and future value growth. Centrally located near schools, parks, public transportation, and major thoroughfares, this property combines strong fundamentals, flexible exit strategies, and long-term appreciation potential in a high-demand rental market.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1937
Home Design
- Duplex
Interior Spaces
- 1,846 Sq Ft Home
- 1-Story Property
- Oven or Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Additional Features
- 6,716 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 2 Buildings
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 6022-018-001
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 | $8,116 | $656,183 | $459,329 | $196,854 |
| 2024 | $8,116 | $643,318 | $450,323 | $192,995 |
| 2023 | $7,963 | $630,705 | $441,494 | $189,211 |
| 2022 | $7,598 | $618,339 | $432,838 | $185,501 |
| 2021 | $7,502 | $606,215 | $424,351 | $181,864 |
| 2020 | $7,575 | $600,000 | $420,000 | $180,000 |
| 2019 | $5,081 | $400,785 | $196,083 | $204,702 |
| 2018 | $5,012 | $392,928 | $192,239 | $200,689 |
| 2016 | $4,783 | $377,672 | $184,775 | $192,897 |
| 2015 | $5,551 | $442,067 | $223,934 | $218,133 |
| 2014 | -- | $433,409 | $219,548 | $213,861 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/18/2026 02/18/26 | For Sale | $749,000 | -- | $406 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Grant Deed | $600,000 | Lawyers Title Company | |
| Trustee Deed | $274,000 | None Available | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Investors Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,000,000 | Purchase Money Mortgage | |
| Previous Owner | $143,500 | Purchase Money Mortgage |
Source: The MLS
MLS Number: 26650397
APN: 6022-018-001
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Ask me questions while you tour the home.