
Los Angeles, California 90001
This triplex presents a High-Potential Investment Opportunity with a List Price of $777,000—positioned well below the $712,854 Fair Market Value by -8%. While the property requires significant capital expenditure due to its Condition Rating of 5, the 1,953 square feet of living space and versatile triplex layout provide a clear path for value-add renovation. The inclusion of a patio adds functional outdoor utility to the compact lot. This asset is best suited for Buy-and-Hold Investors or experienced contractors capable of modernizing aging infrastructure.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1159 E 74th Street Subject | $777,000* List Price | 0 | 0 | 1,953 | $365 | - |
A 1202 E 76th Sold | $612,500 | 4 | 2 | 1,444 | $424 | 0.1 mi |
B 1113 E 83rd Street Sold | $650,000 | 0 | 0 | 1,703 | $382 | 0.6 mi |
C 7223 Holmes Avenue Sold | $620,000 | 0 | 0 | 2,124 | $292 | 0.7 mi |
D 1235 E 75th Street Sold | $840,000 | 0 | 0 | 1,756 | $478 | 0.1 mi |
E 640 E 74th Pending | $699,000 List Price | 0 | 0 | 2,078 | $336 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1927, this nearly 100-year-old triplex shows significant signs of deferred maintenance and aging systems. While some interior rooms have received 'lipstick' updates like fresh paint and laminate flooring, the presence of dated wall heaters, mismatched tile, deteriorating exterior stucco, and exposed conduits suggests the property requires a major rehab of its core systems and finishes.
As a triplex, this property offers a versatile investment opportunity for rental income or house-hacking in the high-demand Los Angeles market.
Listed at $777,000, the property provides a competitive entry-level price for a multi-family asset, appealing to budget-conscious investors.
With 1,953 square feet of living space, the units offer functional layouts that can accommodate a variety of tenant needs.
Built in 1927, the property likely requires updates to major systems such as plumbing and electrical to meet modern standards and reduce maintenance costs.
The 4,910 square foot lot is relatively small for a triplex, which may limit available parking and private outdoor amenities for tenants.
I proudly present to you 1159 E. 74th Street, a fantastic triplex investment opportunity located in a well established Los Angeles neighborhood. This income producing property consists of three separate 1-bedroom, 1-bath units, offering flexibility for both owner occupants or investors. Live in one unit and generate rental income from the other two, or add this 3-unit property to your growing investment portfolio. The front building features two side by side units, while the third unit is a detached standalone structure in the rear, providing added privacy and appeal the occupant. Conveniently located near major freeways the property offers easy access to the 110, 105, and 710 Freeways, making commuting throughout Los Angeles simple. It is also close in proximity to local shopping centers, restaurants, schools, parks, and public transportation. Nearby amenities include the Diego Rivera Learning Complex, Wisdom Elementary School, Florence-Firestone community services, and shopping along Florence Avenue and Central Avenue. The property is also just minutes from Downtown Los Angeles, USC, Exposition Park, BMO Stadium, and the Los Angeles Memorial Coliseum. With strong rental demand, a central location, and multiple income streams, this is an excellent opportunity for both seasoned investors and buyers looking to offset their mortgage with rental income. Don’t miss your chance!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,953 | 2,078 | 39% |
| Lot Size | 4,910 | 5,507 | 22% |
| Price | $777.0K | $777.0K | 50% |
| Price per sq ft | $398 | $381 | 61% |
| Built year | 1927 | 1928 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 154 | 4% |
May 28, 2026
$777,000
Initial Listing
Sep 4, 2009
$157,000
Public Record
Jan 16, 2007
$550,000
Public Record
Oct 11, 2002
$185,000
Public Record