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124 E 74th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

124 E 74th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$1,275,000
124 E 74th Street, Los Angeles, California 90003
0Bed
0Bath
3,377Sqft
7,704Lot
Year Built
1927
Close
-
List price
$1.27M
Original List price
$1.35M
Price/Sqft
$378
HOA
-
Days on market
-
Sold On
-
MLS number
PW25124135
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.27M(50th), sqft - 3377(50th), beds - undefined(50th), baths - undefined(50th).

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.

Price History

Date
Event
Price
08/14/25
Price Change
$1,275,000
06/03/25
Listing
$1,350,000
02/08/22
Sold
$1,295,000
12/02/19
Sold
$810,000
06/10/05
Sold
$635,000
05/17/04
Sold
$349,000
09/18/02
Sold
$334,233
03/31/99
Sold
$315,000
01/16/98
Sold
$220,000
Condition Rating
Poor
Built in 1927, this property is nearly 100 years old. While the listing mentions 'recent capital improvements' including 'interior renovations in half of the units' and 'partial copper plumbing' and 'partial roof,' this explicitly means the other half of the units are unrenovated and major systems are only partially updated. The property analysis also highlights 'Age of Property & Deferred Maintenance Risk' and 'Incomplete Renovations' requiring 'significant remaining capital expenditure.' Without interior images, we must assume the unrenovated units and partial systems are in a very outdated or deteriorated state, requiring substantial repairs and rehabilitation to bring the entire property to a modern, comfortable standard. The exterior images show an older aesthetic consistent with the build year.
Pros & Cons

Pros

Multifamily Investment Opportunity: A six-unit property located in a high-demand Los Angeles submarket, offering significant potential for strong rental income and long-term appreciation.
Value-Add & Upside Potential: The property presents clear opportunities for increased revenue through potential ADU conversion of existing garages and further unit repositioning or modernization.
Recent Capital Improvements: Over $30,000 has been invested in recent upgrades, including new dual-pane windows, fresh exterior paint, partial copper plumbing, and interior renovations in half of the units, reducing immediate capital outlay for a new owner.
Unique Layout & Tenant Appeal: Comprising six separate structures, including four stand-alone units with no shared walls, the layout enhances tenant privacy and appeal, supporting long-term occupancy.
Desirable Unit Mix & Parking: The property offers a practical mix of 2-bedroom and 1-bedroom units, complemented by six covered parking spaces, catering to a broad tenant base and enhancing desirability.

Cons

Age of Property & Deferred Maintenance Risk: Built in 1927, the property's age, despite recent partial updates, suggests a higher likelihood of ongoing maintenance and potential for unforeseen issues in un-renovated systems or structures.
Incomplete Renovations: Only half of the units have received interior renovations, and updates like plumbing and roofing are described as 'partial,' indicating significant remaining capital expenditure required to fully modernize all units and systems.
Recent Price Adjustment: The property has seen a price reduction from its original listing, which could signal a recalibration of market value or a slower-than-expected buyer response.

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