529 West 74th Street
529 West 74th Street
$775,000
7
4
3,461
3,461
$224
Sold 4/21/23
Description
529 W 74th Street is a 4-unit value add apartment building located in South Los Angeles, CA. The building is fully occupied and has an excellent unit mix of (3) 2 Bed, 1 Bath units and (1) 1 Bed, 1 Bath unit. The property is comprised of two detached duplexes on one lot, with surface parking access in the rear. The property is currently operating with approximately 76% in potential rental upside, allowing for significant value to be added for the next owner. 529 W 74th Street presents an excellent...529 W 74th Street is a 4-unit value add apartment building located in South Los Angeles, CA. The building is fully occupied and has an excellent unit mix of (3) 2 Bed, 1 Bath units and (1) 1 Bed, 1 Bath unit. The property is comprised of two detached duplexes on one lot, with surface parking access in the rear. The property is currently operating with approximately 76% in potential rental upside, allowing for significant value to be added for the next owner. 529 W 74th Street presents an excellent opportunity for an owner-user or value add investor looking to capitalize on the rapidly growing South LA rental market with the ability to obtain favorable residential financing. South Los Angeles has seen steady growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past two years with average 2-bedroom market rents reaching$2,250-$2,350, a nearly 20% increase from2020. With low vacancy rates, landlord favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
- Listed by Sagiv Rosano • DRE #01380809 • Brokerage DRE #01380809 • Rosano Partners
Property Details for 529 West 74th Street
Zoning
LAR3
Cross StreetsFlorence Ave and Figueroa St
Parcel Number6020025020
Total Units4.0
Living Area3461
Source Living AreaAssessor
AreaMetropolitan Southwest (C36)
Vacancy Rate0
Location
LISTING UPDATED: 04/24/2023 02:12 PM
Property Details for 529 West 74th Street
Status | Sold |
---|---|
MLS # | 22-204633 |
Days on Market | 165 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1908 |
Lot Size | 0.16 AC / 7,005 SF |
County | Los Angeles County |
Location
Building Information for 529 West 74th Street
Stories1Residences-Year Built1908Building Size-Lot Size0.16 AC / 7,005 SF
Payment Calculator
$4,858 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 529 West 74th Street
Property History for 529 West 74th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 529 West 74th Street
Taxable ValueLand$353,825Additions$225,161Total$578,986
Tax Record2023$7,550 ($629 / month)
Home Facts
Total Finished SqFt3,461 SqFtAbove Grade Finished SqFt3,461 SqFtLot Size7,005 SqFtStyleQuadraplexYear Built1908ZoningLAR3CountyLOS ANGELESAPN6020-025-020
Schools near 529 West 74th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 4 |
Rating | School | Distance |
---|---|---|
Mary Mcleod Bethune Middle School Public7 to 8 | ||
KIPP Empower Academy CharterK to 4 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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