223 E 74th St, Los Angeles, CA 90003
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223 E 74th St, Los Angeles, CA 90003
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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Sharon Baluku

Sharon Baluku

+1(323) 381-0266
$ 775,000
Est. payment /mo
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223 E 74th St Los Angeles, CA 90003

5 Beds

4 Baths

2,050 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,050 sqft

Price per Sqft $378

MLS Listing ID 26858537

Bedrooms 5

Year Built 1926

Lot Size 5,513 Sqft

Acres 0.1266

Property Sub-Type Multi-Family

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% Cap Rate. What sets this asset apart is its stacked development profile: TOC Tier 2 status, an AB 2097 zone (eliminating minimum parking requirements), a Transit Priority Area, and an 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 Metropolitan South

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment None

Exterior

Parking Features Gated

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Global Platinum Properties, Inc.
Sharon Baluku
Sharon Baluku

Agent | License ID: 02203810

+1(323) 381-0266 | sharon@omwoyo.com

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223 E 74th St