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529 74th Street
Los Angeles, CA 90044
Sold
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.
PROPERTY INFORMATION
| MLS # | 22204633 | Lot Size | 7,005 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 799,000
Price Per SqFt: $ 231 |
DOM | 999 Days |
| Address | 529 74th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,461 Sq. Ft. |
| Postal Code | 90044 | Garage | N/A |
| County | Los Angeles | Year Built | 1908 |
| Bed / Bath | 7 / 0 | Parking | 4 |
| Built In | 1908 | Status | Closed |
| Sold Date | 2023-04-21 |
INTERIOR FEATURES
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 74 (Very Walkable)
Transit Score: 61 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $852
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/21/2023 | Sold | $775,000 |
| 03/27/2023 | Active Under Contract | $799,000 |
| 03/23/2023 | Pending | $799,000 |
| 03/09/2023 | Active | $799,000 |
| 09/30/2022 | Listed | $995,000 |
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(844)-333-8033
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Listing provided courtesy of Sagiv Rosano, Rosano Partners. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
