642 W 74th Street, Los Angeles, CA 90044

About this property

642 West 74th Street is a seven unit apartment complex in the up and coming South Los Angeles market. The subject property currently has rents well below the market average, and features a potential upside in rents of about 57%. The property consists of one 5,375 sf building, situated on a 7,000 sf lot. The rear of the property also has covered garage parking available. The building is comprised of five 2 bedroom units and two 1 bedroom units, which all feature full size bathrooms. Units are individually metered for both gas and electricity.
 The subject property is in an incredibly convenient location. It is located in the heart of South Los Angeles, and is close to several surrounding municipalities such as Inglewood, Huntington Park, and South Gate. There are several elementary schools nearby, and the property is just 5 miles away from both USC and the ongoing NFL Stadium development!

Listing description from the May 2018 sale, as reported to CRMLS.

Sale history

$1,012,500

Sold May 2018 · listed $1,125,000, orig. $1,225,000, on market October 2017 · MLS #SB17238641 · Source: CRMLS

Listing Agent: Josh Cohen · Listing Office: Keller Williams Beach Cities · Contact: 310-939-9300 · Bought with: Josh Cohen · Keller Williams Beach Cities

$800,000

Sold July 2015 · orig. $725,000, on market May 2015 · MLS #PW15133755 · Source: CRMLS

Listing Agent: Tony Lam · Listing Office: Coldwell Banker Alliance · Contact: 562-945-2221 · Bought with: Josh Cohen · Keller Williams Beach Cities

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