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529 W 74Th St Los Angeles, CA 90044

$775,000 Sold Price as of 04/21/2023

7 Beds
4 Baths
3,461 Sq.Ft.

Sold

$775,000 Sold Price as of 04/21/2023 Refinance Your Mortgage

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Map preview of 529 W 74Th St, Los Angeles, CA 90044

Property Overview: 529 W 74Th St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 3,461 living square feet and 7,005 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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 | BRE #01380809 | Rosano Partners

Last checked: 4 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 165

Home details

Lot Sq. Ft: 7,005
HOA Dues: $0/mo
Year built: 1908
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22204633
City: Los Angeles
County: Los Angeles
Time on Site: 596 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,852
Total Rent: $1,852
Pro Forma/Market Rent: $2,300

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $706
Total Rent: $706
Pro Forma/Market Rent: $2,300

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $727
Total Rent: $727
Pro Forma/Market Rent: $2,300

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,607
Total Rent: $1,607
Pro Forma/Market Rent: $1,700

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.69%
Gross Rent Multiplier: 13.54
Gross Scheduled Income: --
Net Operating Income: $37,461
Gross Operating Income: $58,993

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 529 W 74Th St

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s)

Heating Information

Has Heating
Wall Furnace

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 4
Has Parking
Parking Features: Driveway

Lot Information

Lot Features: Front Yard
Lot Size Source: Assessor

Property Information

Total # of Units: 4
Parcel Number: 6020025020
Year Built Source: Assessor

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: W 74th St, just west of Figueroa St. East of Vermont Ave

View more facts & features

Local Los Angeles Agent

Sale History for 529 W 74Th St

Last sold for $775,000 on April 21st, 2023

April, 2023
Apr 21, 2023

Date

Sold

CRMLS: 22204633

$775,000

Price
Sep 29, 2022

Date

Active

CRMLS: 22204633

$995,000

Price
September, 2018
Sep 5, 2018

Date

Sold

CRMLS: 18344034

$540,000

Price
Jul 15, 2018

Date

Price Change

CRMLS: 18344034

$595,500

Price
May 15, 2018

Date

Active

CRMLS: 18344034

$595,000

Price
Listing provided courtesy of CRMLS

** Property was just appraised at $665,000 ** LAR3 ZONED lot over 7000 sq Ft . PLENTY OF UPSIDE potential in rent Excellent owner user or Investor opportunity - LIVE in One and collect rent from Three other units .One of the 2 BEDROOM units is COMPLETELY REMODELED AND currently VACANT. ALL UNITS ARE WELL TAKEN CARE OF. NICE FRONT YARD AND LARGE BACK YARD. UPGRADED PLUMBING AND ELECTRICAL, CLOSE TO SCHOOLS, WALKING DISTANCE TO SHOPPING AND PUBLIC TRANSPORTATION . Please write offers subject to interior inspection. VACANT UNIT ON SUPRA Lock box INSPECTION IS CONTINGENT ON ACCEPTED OFFER. DRIVE BY ONLY

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August, 2018
Aug 31, 2018

Date

Sold (Public Records)

Public Records

$540,000

Price
June, 2018
Jun 16, 2018

Date

Expired

CRMLS: 18303612

$609,000

Price
May 1, 2018

Date

Withdrawn

CRMLS: 18303612

$609,000

Price
Apr 12, 2018

Date

Price Change

CRMLS: 18303612

$609,000

Price
Apr 6, 2018

Date

Price Change

CRMLS: 18303612

$639,000

Price
Jan 17, 2018

Date

Active

CRMLS: 18303612

$659,000

Price
Listing provided courtesy of CRMLS

Price reduced to sell. Seller is highly motivated . REALLY. The seller will look at all offers .ONE TWO BEDROOM UNIT IS COMPLETELY REMODELED AND VACANT. ALL UNITS ARE WELL TAKEN CARE OF. NICE FRONT AND LARGE BACK YARD. BIG SIZE R3 LOT. PLEASE DO NOT GO TO THE PROPERTY. SHOWING WITH ACCEPTED OFFER: PURCHASE AGREEMENT, PRE APPROVAL, POF AND A DESIRE TO CLOSE ON TIME. SELLER CHOOSES SERVICES. LOCK BOX. CALL FOR INFO

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October, 2017
Oct 26, 2017

Date

Expired

CRMLS: 17224398

$539,000

Price
Jul 21, 2017

Date

Withdrawn

CRMLS: 17224398

$539,000

Price
May 9, 2017

Date

Active

CRMLS: 17224398

$539,000

Price
May 8, 2017

Date

Active Under Contract

CRMLS: 17224398

$539,000

Price
Apr 25, 2017

Date

Active

CRMLS: 17224398

$539,000

Price
Listing provided courtesy of CRMLS

LOWEST PRICE PER S.F. IN THE AREA BY FAR . PRIDE OF OWNERSHIP. WELL KEPT PROPERTY . PLENTY OF UPSIDE. PAINTED EXTERIOR AND INTERIOR, UPGRADED PLUMBING AND ELECTRICAL, CLOSE TO SCHOOLS, SHOPPING AND PUBLIC TRANSPORTATION SELLER HIGHLY MOTIVATED. BRING ALL OFFERS . INTERIOR INSPECTION IS CONTINGENT ON ACCEPTED OFFER. DRIVE BY ONLY

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August, 2016
Aug 30, 2016

Date

Sold (Public Records)

Public Records

$430,000

Price

Tax History for 529 W 74Th St

Assessed Value (2020): $550,800

Year	Land Value	Improved Value	Assessed Value
2020	$336,600	$214,200	$550,800

Home Value Compared to the Market

This property vs the competition

529 W 74Th St sold on April 21, 2023 for 32.86% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $230.86 per/sqft which puts the price per square foot 69.42% lower than the current median sale per square foot for the city of Los Angeles.

About 529 W 74Th St

Detailed summary of property

529 W 74Th St is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 3,461 living square feet, and sits on an approximately 7,005 square foot lot. 529 W 74Th St was first listed on ArdentRealEstateGroup.com on September 30, 2022. The homeowner sold the property for $775,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 32.86% lower than the current median priced home. Local homes that are currently for sale include 6903 Estrella Ave, 940 W 76th St and 217 W 70th St. While the average home in Los Angeles, CA is selling in 92 days, 529 W 74Th St has a days on market of 165 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 529 W 74Th St Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 529 W 74Th St

Public county record property details

Beds: 7
Baths: 4
Year built: 1908
Sq. Ft.: 3,461
Lot Size: 7,004
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 81
APN: 6020-025-020

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$669,000

Median List Price/Sq.Ft.

$516

Median Sold Price

$739,000

Median Sold Price/Sq.Ft.

$461

Total Inventory

Median Sale to List Price %

105.57%

Avg Days on Market

Loan Type

Conventional (35.71%), FHA (35.71%), VA (0%), Cash (7.14%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

Homes for Sale Near 529 W 74Th St

Nearby Homes for Sale

7407 S Figueroa St, Los Angeles, CA 90003

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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.