944 W 74th, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90044
This Modern Triplex Asset is a Prime Investment Opportunity listed at $1,120,000—positioned well below the $1,145,166 Fair Market Value by 2%. This valuation gap offers $25,166 in Instant Equity. The property features a 2023-built ADU and is exempt from Rent Control, maintaining a Condition Rating of 3 with separate utility meters and 3-bedroom layouts. Access to the 9/10 rated Middle College High School enhances its long-term appeal. This versatile setup is ideal for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a high-demand corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 944 W 74th Subject | $1,120,000* List Price | 0 | 0 | 2,825 | $405 | - |
A 1257 W 60th Place Sold | $835,000 | 4 | 3 | 2,635 | $317 | 1.0 mi |
B 7705 S Vermont Avenue Active | $875,000 List Price | 0 | 0 | 2,540 | $344 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained and move-in ready, featuring a brand-new ADU built in 2023 and two main units built in 1998. Interior images show significant updates, including modern laminate flooring, updated shaker-style kitchen cabinets with a stainless steel range hood, and contemporary tile work in the bathrooms (marble and wood-look patterns). While the main units are over 20 years old, the recent renovations and the addition of the new ADU elevate the overall condition above the 'Fair' category.
High School: Middle College High School (9/10).
The property is exempt from rent control, a rare and highly valuable feature in the Los Angeles market that allows for market-rate rent adjustments and increased long-term ROI.
Unlike older area stock, these units were built in 1998 with a brand-new 2023-permitted ADU, offering modern infrastructure, separate utility meters, and lower immediate maintenance needs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2825, other record living area = 2024.
The majority of assigned public schools in the immediate area have low ratings (mostly 2/10), which may limit the appeal for long-term family tenants prioritizing education.
Unit 944 is identified as needing cosmetic upgrades and value enhancement, indicating that the buyer will need to budget for immediate capital improvements to maximize the property's potential.
AGENTS: PLEASE SEE PRIVATE REMARKS. NO RENT CONTROL! Exceptional investment opportunity offering one of the best current rates of return in the area! This rare, legally configured duplex with a fully permitted ADU presents strong income potential for investors, or an ideal setup for an owner-occupant to live in one unit while generating income from the others. The property includes two detached duplex units (944 & 946), built in 1998, along with a newer ADU constructed in 2023. All three units are currently tenant-occupied, providing immediate cash flow. Each duplex unit features 3 bedrooms and 2 bathrooms. The ADU offers 3 bedrooms and 1 bathroom and is currently leased at $3,000 per month. The ADU is in good condition, has its own postal address, and benefits from newer construction. Unit 946 is also well maintained, while Unit 944 offers an opportunity for cosmetic upgrades and value enhancement. Additional features include covered parking beneath the ADU, in-unit laundry hookups for each unit, and separate gas and electric meters for all units. Ideally located near Downtown Los Angeles, USC, L.A. Live, museums, Crypto.com Arena, the Convention Center, LAX, SoFi Stadium, and the YouTube Theater—this property combines strong income potential with a highly desirable central location.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-6 • 0.6 mi
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 | 2,825 | 2,143 | 77% |
| Lot Size | 5,600 | 5,897 | 42% |
| Price | $1.12M | $850.0K | 84% |
| Price per sq ft | $396 | $411 | 39% |
| Built year | 1998 | 1924 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 154 | 3% |
Mar 23, 2026
$1,120,000
Initial Listing
Feb 28, 2014
$408,000
Public Record
Mar 12, 2012
$226,000
Public Record