529 W 74th St, Los Angeles, CA 90044

  • $595,500
529, West 74th Street, Vermont Knolls, Los Angeles, Los Angeles County, CAL Fire Southern Region, California, 90044, United States
529, West 74th Street, Vermont Knolls, Los Angeles, Los Angeles County, CAL Fire Southern Region, California, 90044, United States
  • $595,500


Property ID: TheMls 18-344034
  • Multi Family
  • Property Type
  • 7
  • Bedrooms
  • 4
  • Bathrooms
  • 3,461
  • Sq Ft
  • 1908
  • Year Built


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 from 2020. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

  • Address 529 W 74th St,
  • City Los Angeles
  • State/county California
  • Zip/Postal Code 90044
  • Country United States


Updated on July 20, 2023 at 3:51 am
  • Property ID: TheMls 18-344034
  • Price: $595,500
  • Property Size: 3,461 Sq Ft
  • Land Area: 7,005 Sq Ft
  • Bedrooms: 7
  • Bathrooms: 4
  • Year Built: 1908
  • Property Type: Multi Family
  • Property Status: Sold

Additional details

  • Garage: Driveway
  • Parking: # of Parking Spaces (Total): 4
  • Parking: # of Open Other Spaces: 4
  • Equipment: Built-Ins
  • Heating & Cooling: Wall/Window Unit Cooling
  • Heating & Cooling: Wall Heat
  • Multi-Unit Information: Unit Type Type: 1, 2, 3, 4
  • Multi-Unit Information: Type Of Units: Apartment
  • Multi-Unit Information: # of Buildings: 2
  • Unit 1 Information: # of Beds: 2
  • Unit 1 Information: # of Baths: 1.00
  • Unit 1 Information: Projected Rent: $2,300
  • Unit 2 Information: # of Beds: 2
  • Unit 2 Information: # of Baths: 1.00
  • Unit 2 Information: Projected Rent: $2,300
  • Unit 3 Information: # of Beds: 2
  • Unit 3 Information: # of Baths: 1.00
  • Unit 3 Information: Projected Rent: $2,300
  • Unit 5 Information: # of Beds: 1
  • Unit 5 Information: # of Baths: 1.00
  • Unit 5 Information: Projected Rent: $1,700
  • Building Information: Total Floors: 1
  • Property Information: Property Type: Residential Income
  • Community Information: # of Units in Complex (Total): 4
  • Location Information: Directions: W 74th St, just west of Figueroa St. East of Vermont Ave
  • Location Information: Cross Streets: Florence Ave and Figueroa St

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