$775,000

223 E 74th Street, Los Angeles, CA 90003

  • 4 beds
  • 2,050 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1926
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $378/sqft
  • Property List Date Icon Listed 19 days ago

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.

Listing Status:
Active
Date Added:
July 10, 2026
Data Last Updated:
July 29, 2026 at 6:06AM
Listing Office:
Global Platinum Properties, Inc. : 424-394-1030
Listing Agent:
Armin Soleimani : 310-666-2246
MLS ID:
CL26858537
  • Heating: Wall Furnace
  • Parking: OtherParking spaces: 0
  • County: Los Angeles
  • Zoning: LAR26022010023

This listing courtesy of Armin Soleimani , Global Platinum Properties, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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