Millman Team Real Estate

$1,275,000
0.18 Acre Lot

124 E 74th Street, Los Angeles, California 90003

  • Residential Income Property Type
  • 1927 Year Built
Property Description

Exceptional opportunity to acquire a six-unit multifamily property located in a high-demand Los Angeles submarket. The asset consists of six separate structures situated on a 7,702 sq. ft. lot, including four stand-alone 2-bedroom/1-bath units with no shared walls, and a rear building containing two 1-bedroom/1-bath units positioned above five covered garages. An additional detached garage provides a total of six covered parking spaces with potential for ADU conversion (buyer to verify). Built in 1927, the property retains its architectural charm while benefiting from over $20,000 in recent capital improvements, including new dual-pane windows, fresh exterior paint, partial copper plumbing, and interior renovations in half of the units. The layout offers privacy and appeal for long-term occupancy, with a unit mix that supports strong rental demand. This is a well-located multifamily asset with upside potential through further unit repositioning and possible ADU development.

Basic Details
Residential Income
For Sale
PW25124135
$1,275,000
None
1927
0.18 Acre
Active
Mixed Use
: Spanish Tile, Rolled/Hot Mop
Features
: None
: Wall Furnace
: Laminate
: None
: Public Sewer
$0
Address Map
CA
Los Angeles
Los Angeles
90003
74th
124
Street
E on Main St, W on San Pedro, S on Florence, N on Manchester
C37 - Metropolitan South
E
LAR1
Additional Information
$0
$0
$0
$0
$0
3377
: Curbs
: Copper Plumbing
2
5.0
: One, Multi/Split
: 0-1 Unit/Acre, Paved, Flag Lot
6
2025-06-03
1350000
1
2
: Public
Broker/Agent Information
Grand Avenue Realty & Lending
Jeff Cossio
Listing Information
PCOSSJEF
PB15862
Cash,Conventional,1031 Exchange
Active
2025-08-23T20:36:43Z
CRMLS
: Standard
2025-06-03T16:51:20Z
Agent info
Ray Millman
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