124 E 74th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
124 E 74th Street
Los Angeles, California 90003
Property Price
SUMMARY
Analysis of 124 E 74th Street, Los Angeles, California 90003 is currently available with a list price of $1,275,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
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 Without interior images, we must assume the unrenovated units and partial systems are in a very outdated or deteriorated state, requiring substantial repairs and rehabilitation to bring the entire property to a modern, comfortable standard.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.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 124 E 74th Street
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.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1927
- Lot Size
- 7,704 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 1.0 | 50% |
| Baths | - | 1.5 | 50% |
| Square foot | 3,377 | 2,518.5 | 50% |
| Lot Size | 7,704 | 5,110.5 | 50% |
| Price | $1.27M | $892.5K | 50% |
| Price per sq ft | $378 | $342 | 50% |
| Built year | 1927 | 1930 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 276 | 222 | 0% |
Pricing History
Listed for Sale
Aug 14, 2025
$1,275,000
Initial Listing
Price Change
Jun 3, 2025
$1,350,000
Initial Listing
Sold
Feb 8, 2022
$1,295,000
Public Record
Sold
Dec 2, 2019
$810,000
Public Record
Sold
Jun 10, 2005
$635,000
Public Record
Sold
May 17, 2004
$349,000
Public Record
Sold
Sep 18, 2002
$334,233
Public Record
Sold
Mar 31, 1999
$315,000
Public Record
Sold
Jan 16, 1998
$220,000
Public Record