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132 W 74Th St, Los Angeles, CA 90003
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132 W 74Th St Los Angeles, CA 90003

$1,108,000 Sold Price as of 07/28/2023
  • 8 Beds
  • 5 Baths
  • 2,290 Sq.Ft.
Sold
$1,108,000 Sold Price as of 07/28/2023 Refinance Your Mortgage
Map preview of 132 W 74Th St, Los Angeles, CA 90003

Property Overview: 132 W 74Th St Los Angeles, CA has 8 bedrooms, 5 bathrooms, 2,290 living square feet and 7,936 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price Reduction! Incredible 4-unit Investment or Owner-User opportunity cash flowing at an amazing 6.9% Cap Rate and 10.7 GRM from Day 1! 4 fully renovated units including a large 5-Bed 2-Bath detached house in the front plus 3 non-rent controlled (1 Bed/1 Bath) units in the rear built-in 1983. The front house was entirely stripped to the studs and thoroughly renovated with permits featuring a new roof, electrical system, plumbing, windows, updated kitchen, renovated bathrooms, and more. Additional upside to 8.2% Cap Rate and 9.3 GRM on proforma. All utilities are individually metered for gas & electricity and preliminary plans for two detached ADUs have been made for the center of the lot. The 7,840 SF lot provides ample parking onsite and the 3 back units, being exempt from LA City Rent Control, can be increased by 10% annually (5% + CPI). Over the past few years, South Los Angeles has experienced consistent expansion due to its reasonable housing prices and convenient location near Downtown LA, Sofi Stadium, USC, Culver City, and South Bay. Rental rates in South LA have surged by almost 25% since 2020. The area's low vacancy rates combined with a landlord-dominant real estate environment and abundant job opportunities nearby indicate that significant long-term growth is on the horizon for South LA.

Listed by Julio Ruiz | BRE #01911261 | Global Platinum Properties, Inc.
Co-listed by Armin Soleimani | BRE #01846872 | Global Platinum Properties, Inc.
Last checked: 11 minutes ago | Last updated: July 28th, 2023 | Source CRMLS | DOM: 93

Home details

Lot Sq. Ft
7,936
HOA Dues
$0/mo
Year built
1983
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23253491
City
Los Angeles
County
Los Angeles
Time on Site
471 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,096
  • Total Rent: $1,751
  • Pro Forma/Market Rent: $2,096
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,096
  • Total Rent: $1,840
  • Pro Forma/Market Rent: $2,096
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,374
  • Total Rent: $3,560
  • Pro Forma/Market Rent: $4,374
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,096
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,096
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.9%
  • Gross Rent Multiplier: 10.7
  • Gross Scheduled Income: --
  • Net Operating Income: $82,445
  • Gross Operating Income: $107,635
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 132 W 74Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Uncovered, Tandem Garage
Property Information
  • Total # of Units: 4
  • Parcel Number: 6031007033
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Between Main and Broadway Blvd, Located mid-block on the South Side of 74th St.
View more facts & features

Local Los Angeles Agent

Sale History for 132 W 74Th St

Last sold for $1,108,000 on July 28th, 2023

  • July, 2023

  • Jul 28, 2023

    Date

    Sold

    CRMLS: 23253491

    $1,108,000

    Price

  • Mar 22, 2023

    Date

    Active

    CRMLS: 23253491

    $1,250,000

    Price

  • August, 2018

  • Aug 21, 2018

    Date

    Sold

    CRMLS: 18326118

    $500,000

    Price

  • Jun 14, 2018

    Date

    Active Under Contract

    CRMLS: 18326118

    $550,000

    Price

  • May 1, 2018

    Date

    Price Change

    CRMLS: 18326118

    $550,000

    Price

  • Mar 23, 2018

    Date

    Active

    CRMLS: 18326118

    $585,000

    Price

  • Listing provided courtesy of CRMLS

    Probate investment opportunity. Requires court confirmation. Located in the heart of South of Central Los Angeles with lots to offer. Units are located in rent control. Front house was built in 1913 and the three studios were built in 1983.Please read private remarks for offer and showing instructions. Buyer to verify all information herein. Sold as is with no repair or warranty.

  • August, 2018

  • Aug 20, 2018

    Date

    Sold (Public Records)

    Public Records

    $500,000

    Price

Show More

Tax History for 132 W 74Th St

Assessed Value (2020): $510,000
Year Land Value Improved Value Assessed Value
2020 $306,000 $204,000 $510,000

Home Value Compared to the Market

This property vs the competition

132 W 74Th St sold on July 28, 2023 for 6.2% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $521.83 per/sqft which puts the price per square foot 34.03% lower than the current median sale per square foot for the city of Los Angeles.

About 132 W 74Th St

Detailed summary of property

132 W 74Th St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 8 bedrooms, 5 bathrooms, roughly 2,290 living square feet, and sits on an approximately 7,936 square foot lot. 132 W 74Th St was first listed on ArdentRealEstateGroup.com on March 23, 2023. The homeowner sold the property for $1,108,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 6.2% lower than the current median priced home. Local homes that are currently for sale include 6275 Menlo Ave, 8715 Regina Court and 126 E 89th St. While the average home in Los Angeles, CA is selling in 100 days, 132 W 74Th St has a days on market of 93 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 132 W 74Th St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 132 W 74Th St

Public county record property details
Beds
6
Baths
6
Year built
1983
Sq. Ft.
2,764
Lot Size
7,936
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6,33
APN
6031-007-033

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$583
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$479
Total Inventory
44
Median Sale to List Price %
94.02%
Avg Days on Market
140
Loan Type
Conventional (50%), FHA (16.67%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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