$695,000
223 74th Street
Los Angeles, CA 90003
5
Beds
4
Baths
2,050
Sq. Ft.
1926
Year Built
Los Angeles
County
ResidentialIncome
Property Type
About this home
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 6.3% Cap Rate.What sets this asset apart is its stacked development profile: TOC Tier 2 status, located within an AB 2097 zone (completely eliminating minimum parking requirements), Transit Priority Area, and 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.
Property Details
Architecture
Features & Amenities
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Mortgage Estimate
$3,699/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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