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333 W 74th St, Los Angeles, CA 90003
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333 W 74th St Los Angeles, CA 90003

$874,800
  • 4 Beds
  • 4 Baths
  • 2,116 Sq.Ft.
For Sale
$874,800 Get Pre-Qualified
Map preview of 333 W 74th St, Los Angeles, CA 90003

Property Overview: 333 W 74th St Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,116 living square feet and 5,987 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Here's your opportunity to own an investment with phenomenal cash flow!!! These four bungalow style units offer added privacy and a feeling of independence for your tenants makes them incredibly easy to lease. These units are professionally managed and nicely maintained. This makes a great investment for a newer investor looking to get into owning units as well as for a seasoned investor expanding the portfolio. Let's get this done!

Listed by Gene Smith | BRE #01965474 | RE/MAX TerraSol
Last checked: 8 minutes ago | Last updated: May 2nd, 2024 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
5,987
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
OC24075663
City
Los Angeles
County
Los Angeles
Time on Site
16 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,544
  • Total Rent: $1,544
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,486
  • Total Rent: $1,486
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,360
  • Total Rent: $1,360
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.75%
  • Gross Rent Multiplier: 11.4
  • Gross Scheduled Income: $76,680
  • Net Operating Income: $67,799
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $8,881
  • Trash: $0
  • Insurance: $2,200
  • Water/Sewer: $1,800

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Property Details for 333 W 74th St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 6031004008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Offered With Property: Negotiable
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Florence Avenue and West of S Broadway
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 333 W 74th St

Last sold for $720,000 on July 31st, 2019

  • April, 2024

  • Apr 16, 2024

    Date

    Active

    CRMLS: OC24075663

    $874,800

    Price

  • April, 2024

  • Apr 14, 2024

    Date

    Expired

    CRMLS: OC23193830

    $874,800

    Price

  • Oct 18, 2023

    Date

    Active

    CRMLS: OC23193830

    $849,800

    Price

  • Listing provided courtesy of CRMLS

    BOM...Let's get this done! Here's your opportunity to own an investment with phenomenal cash flow!!! These four bungalow style units offer added privacy and a feeling of independence for your tenants makes them incredibly easy to lease. These units are professionally managed and nicely maintained. This makes a great investment for a newer investor looking to get into owning units as well as for a seasoned investor expanding the portfolio.

  • July, 2019

  • Jul 31, 2019

    Date

    Sold

    CRMLS: SR19156049

    $720,000

    Price

  • Jul 24, 2019

    Date

    Pending

    CRMLS: SR19156049

    $689,900

    Price

  • Jul 15, 2019

    Date

    Active Under Contract

    CRMLS: SR19156049

    $689,900

    Price

  • Jul 3, 2019

    Date

    Active

    CRMLS: SR19156049

    $689,900

    Price

  • Listing provided courtesy of CRMLS

    12.9% cap rate on proforma with 20% down payment!!! Fantastic investment opportunity to own FOUR SEPARATE bungalow style homes in a high demand area of Los Angeles with 4 parking spaces! Spacious 1+1 units Centrally located and minutes away from Downtown LA, Staples Center, newly built USC soccer stadium! Great low maintenance building perfect for an owner user or investor who is looking to add to their portfolio. Property can be delivered with ONE vacant unit or fully rented with $5,561 total monthly income with 7% Cap Rate with current rents and GRM of 10. Proforma rents have a potential of a 7.7% cap rate. Great upside potential and If you finance with 20% down those cap rates will increase to almost 13+% Cap Rate on Proforma to maximize your investment! Each unit has their own individual gas and electric meters. Great location and close to freeways, Downtown LA, USC and more!

  • July, 2019

  • Jul 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $720,000

    Price

  • June, 2019

  • Jun 11, 2019

    Date

    Expired

    CRMLS: 18396540

    $675,000

    Price

  • Jun 6, 2019

    Date

    Canceled

    CRMLS: 18396540

    $675,000

    Price

  • Mar 11, 2019

    Date

    Withdrawn

    CRMLS: 18396540

    $675,000

    Price

  • Oct 13, 2018

    Date

    Active

    CRMLS: 18396540

    $675,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present an opportunity to invest in high cash flowing 4-unit property located in the Florence neighborhood of south Los Angeles. The subject property consists of all one-bed two-bath units with 2,116 of rentable square feet on a 5,985 square foot lot. This property provides tenants with gated on-site parking, entry and is individually metered for gas and electricity.

  • March, 2016

  • Mar 4, 2016

    Date

    Sold (Public Records)

    Public Records

    $475,000

    Price

Show More

Tax History for 333 W 74th St

Assessed Value (2020): $720,000
Year Land Value Improved Value Assessed Value
2020 $360,000 $360,000 $720,000

Home Value Compared to the Market

This property vs the competition

333 W 74th St is listed 28.59% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $413.42 per/sqft which puts the price per square foot 46.59% lower than the median price per square foot for the city of Los Angeles.

About 333 W 74th St

Detailed summary of property

333 W 74th St is a fourplex located in Los Angeles, CA 90003 and is currently for sale. This fourplex offers 4 bedrooms, 4 bathrooms, roughly 2,116 living square feet, and sits on an approximately 5,987 square foot lot. 333 W 74th St was first listed on ArdentRealEstateGroup.com on April 16, 2024. The homeowner is currently asking $874,800. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 28.59% lower than the median priced home. Local competing homes currently for sale include 622 W 76th St, 6903 Estrella Ave and 717 W 77th St. While the average home in Los Angeles, CA is selling in 96 days, 333 W 74th St has a days on market of 17 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 333 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 333 W 74th St

Public county record property details
Beds
4
Baths
4
Year built
1922
Sq. Ft.
2,116
Lot Size
5,985
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15,16
APN
6031-004-008

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.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
37
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

Tour This Home

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(714) 706-1823

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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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