223 E 74th Street, Los Angeles, CA 90003
List Price: $695K
Listing Status: Active
0Days on Market: 0
5 Bedrooms · 4 Bathrooms · 2,050 sq ft
Property Type: ResidentialIncome
Year Built: 1926
Lot Size: 5,513 sq ft
MLS Number: 26856919
About This Property
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 6.3% Cap Rate.What sets this asset apart is its stacked development profile: TOC Tier 2 status, located within an AB 2097 zone (completely eliminating minimum parking requirements), Transit Priority Area, and 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.
Listing provided by: Armin Soleimani DRE #01846872 424-394-1030 arminsoleimani@gmail.com, Global Platinum Properties, Inc.
Source: CRMLS, MLS #: 26856919
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.