5-Bedroom Residential Income - 223 E 74th Street, Los Angeles, CA
$775,000
223 E 74th Street, Los Angeles, CA
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.
Property details
Location
223 E 74th Street • Los Angeles, CA 90003
Listed by
Armin Soleimani · Global Platinum Properties, Inc.
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Recent sales near 223 E 74th Street
229 E 75th Street: Sold $750,000 · 5 bd · 2 ba · 1,350 sqft · Jul 2026 · 0.1 mi
Real Broker | DRE #01900591
Buyer's agent: Jonathan Calderon, Real Broker | DRE #01982607219 E 76th: Sold $800,000 · Jul 2026 · 0.2 mi
Coldwell Banker Realty | DRE #01376549
Buyer's agent: Treniesha Sherman, Pacific Playa Realty | DRE #02134813156 E 70th: Sold $615,000 · 2 bd · 1 ba · 1,006 sqft · Aug 2026 · 0.2 mi
CENTURY 21 REALTY MASTERS | DRE #01384277
Buyer's agent: Werner Rosales, Coldwell Banker Envision | DRE #02222667243 E 79: Sold $500,000 · 3 bd · 2 ba · 1,266 sqft · Sep 2026 · 0.4 mi
New Beginning Realty Center | DRE #01041373
Buyer's agent: General NONMEMBER, NONMEMBER MRML | DRE #020214257500 Avalon: Sold $925,000 · Aug 2026 · 0.4 mi
Keller Williams Coastal Prop. | DRE #01927702
Buyer's agent: Alexandro Colombo, Keller Williams Coastal Prop. | DRE #019277027516 Avalon: Sold $920,000 · Jul 2026 · 0.4 mi
eXp Realty of Greater L.A | DRE #01967645
Buyer's agent: Jose Blandon, eXp Realty of Greater L.A | DRE #01967645225 E 67th: Sold $557,777 · 3 bd · 1 ba · 1,032 sqft · Jun 2026 · 0.4 mi
Lovett & Associates, REALTORS | DRE #01856387
Buyer's agent: Jasmin Lovett, Lovett & Associates, REALTORS | DRE #01856387210 W 77th Street: Sold $860,000 · 6 bd · 4 ba · 2,544 sqft · Aug 2026 · 0.4 mi
Dream Realty & Investments Inc | DRE #02126533
Buyer's agent: Koeun Hwang, Urban Real Estate, Inc. | DRE #01718399
Closed sales reported in 90003, nearest first, last 12 months. All recent sales in Los Angeles →