223 E 74th ST, Los Angeles, CA 90003
223 E 74th ST, Los Angeles, CA 90003
223 E 74th ST, Los Angeles, CA 90003
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$695,000
Est. payment /mo
5 Beds
4 Baths
2,050 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,050 sqft

Price per Sqft $339

MLS Listing ID 26856919

Bedrooms 5

HOA Y/N No

Year Built 1926

Lot Size 5,514 Sqft

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 6.3% 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.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LAR2

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Gated

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6022010023

Special Listing Condition Standard

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Listed by Armin Soleimani Global Platinum Properties, Inc. #01846872

NEARBY SCHOOL & BUSINESS

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