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601 W 74th St
Los Angeles, CA 90044
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Strong road frontage to W 74th St
- Close proximity to Interstate 110
Executive Summary
Exceptional investment opportunity in a thriving Los Angeles neighborhood! Located on 74th Street, this residentially zoned property currently features 6 units and offers substantial development potential under the city's new CHIP ordinance. The site can accommodate up to 19 units, benefiting from significant parking reductions and streamlined ministerial approval. This is an ideal project for experienced developers looking to leverage density bonuses and expand their housing portfolio. Don’t miss out on this valuable opportunity—contact us today for more details!
Great investment opportunity. ED1 Eligible. Also eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). This Triplex is being run as a 30+ day rental on Airbnb. Front house is a 3 bedroom. Converted into two separate units without permit. Back building is made of side by side adjoining 1/1 units. There is a Shed at the end of the driveway the houses the laundry machines. Long driveway which accommodates several car parking. A large back yard which is adjacent to alley can potentially be used as parking. large front yard.
Showings by appointment and scheduled between Airbnb bookings. Call listing agent for details 310-658-6426. Please Do Not Disturb Guests. Drive by only.
Great investment opportunity. ED1 Eligible. Also eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). This Triplex is being run as a 30+ day rental on Airbnb. Front house is a 3 bedroom. Converted into two separate units without permit. Back building is made of side by side adjoining 1/1 units. There is a Shed at the end of the driveway the houses the laundry machines. Long driveway which accommodates several car parking. A large back yard which is adjacent to alley can potentially be used as parking. large front yard.
Showings by appointment and scheduled between Airbnb bookings. Call listing agent for details 310-658-6426. Please Do Not Disturb Guests. Drive by only.
Property Facts
| Price Per Unit | $283,333 | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.08% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 11.43 | Building Size | 1,983 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1920 |
| Zoning | [Q]R3-1 - Multiple Dwelling Zone | ||
| Price Per Unit | $283,333 |
| Sale Type | Investment |
| Cap Rate | 5.08% |
| Gross Rent Multiplier | 11.43 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 1,983 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Zoning | [Q]R3-1 - Multiple Dwelling Zone |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 3+1 | 1 | - | - |
Property Taxes
| Parcel Number | 6020-025-022 | Improvements Assessment | $149,629 |
| Land Assessment | $636,724 | Total Assessment | $786,353 |
Property Taxes
Parcel Number
6020-025-022
Land Assessment
$636,724
Improvements Assessment
$149,629
Total Assessment
$786,353
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