Los Angeles, CA 90003 124 E 74th Street

124 E 74th Street Los Angeles, CA - Image 1124 E 74th Street Los Angeles, CA - Image 2
Presented By: Jeff Cossio with Grand Avenue Realty & Lending; 714-392-5803
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PW25124135
  • 06/03/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 10
  • Baths • 6
  • SQFT • 3,377
  • Garage • 5

Home Details

Turnkey 6-Unit Multi-Family Investment – Cash Flow from Day One in High-Demand Location. Investor Special! This is the classic, no-frills deal you've been waiting for—a 6-unit multi-family property offering immediate cash flow, strong tenant demand, and steady performance in a dense, sought-after rental market. The property features a unique layout with four charming cottage-style units, offering added privacy and curb appeal. Tenants appreciate the on-site parking, a major perk in this high-density area. All units are occupied, generating solid monthly income, with capital improvements already in place to reduce your future maintenance costs. Recent upgrades include new countertops and kitchen sinks, updated flooring throughout units, newer windows for better energy efficiency, replaced water heaters, new wall heaters, reglazed bathtubs, modernized lighting fixtures, and an exterior fire extinguisher for added safety. With strong in-place rents and stable tenancy, this is a hassle-free investment perfect for the buy-and-hold investor looking to grow their portfolio with a dependable asset in a proven rental market. This is a clean, cash-flowing property in one of the area's most resilient rental corridors. Schedule a tour today and start collecting returns on Day One.
Presented By: Jeff Cossio with Grand Avenue Realty & Lending; 714-392-5803

Interior Features for 124 E 74th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level2

General for 124 E 74th Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.4
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs
Construction MaterialsCopperPlumbing
CountyLos Angeles
Current FinancingConventional
DirectionsE on Main St, W on San Pedro, S on Florence, N on Manchester
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1 & 2 floor
Fuel Expense0.0
Garage Spaces5.0
Garage Y/NYes
Gross Income0.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, MultiSplit
Listing TermsCash, Conventional, Exchange1031
Lot Size Square Feet7704.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income72952.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased5
Operating Expense36044.0
Pool FeaturesNone
PossessionClosePlus3Days
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofRolledHotMop, SpanishTile
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot54
Trash Expense0.0
ViewNone
Water Sewer Expense0.0
Year Built1927
Year Built SourceAssessor
ZoningLAR1

Exterior for 124 E 74th Street

Building Area Total3377.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, FlagLot, Paved
Lot Size Acres0.1769
Lot Size Area7704.0
Lot Size SourceAssessor
Number of Buildings5
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,350,000
MLS#PW25124135
List Date 06/03/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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