Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

992 sqft

Lot size

4,984 sqft

Year built

1924

Stories

0

Heating

Wall Furnace

Cooling

None

Status

Active

Days on market

8

MLS #

246144721

About this property

Prime Florence-Graham Investment Duplex! This 2-unit property sits on a spacious 4,982 sq. ft. lot, 40 feet wide, offering both immediate rental income and long-term upside. Each unit features its own separate front yard and private entrance, divided by a gate giving tenants a true sense of privacy and their own dedicated space. With great bones and excellent remodel potential, this is a fantastic value-add opportunity to update and modernize both units, unlocking significant upside in rent and resale value. The generous lot size also presents strong ADU potential a rare opportunity to add a third and even a fourth income-producing unit, maximizing the property's long-term value. Buyer to verify all ADU/development potential, permits, unit count, lot size, and zoning with the City of LA prior to close of escrow. Located in a convenient South LA location with easy freeway access. A great opportunity for investors looking for an income-producing property with room to grow!

Location

1208 E 74th Street

Los Angeles, Los Angeles, CA, 90001