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1008 E 74th Street, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

1008 E 74th Street, Los Angeles, California 90001 home-pic-0
ACTIVE$799,000
1008 E 74th Street, Los Angeles, California 90001
0Bed
0Bath
1,873Sqft
5,745Lot
Year Built
1928
Close
-
List price
$799K
Original List price
$849K
Price/Sqft
$427
HOA
-
Days on market
-
Sold On
-
MLS number
DW25203484
Home ConditionPoor
Features
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $799.0K(71th), sqft - 1873(86th), beds - undefined(50th), baths - undefined(50th).

Incredible Investment Opportunity in the Heart of Los Angeles! Welcome to this rare Triplex in Los Angeles that offers the perfect blend of income potential, location, and future growth possibilities! With a total of 5 bedrooms, 3 bathrooms, and 1,873 sqft of living space situated on a generous 5,745 sqft lot, this property is a true gem for both investors and homeowners looking to generate rental income. The property includes 4 over-sided garages with HUGE potential to be converted into an ADU (Accessory Dwelling Unit), unlocking even more rental opportunities and maximizing your return on investment. Combined with plenty of driveway parking and two charming wrought iron fences enclosing the front and rear yards, this home delivers both convenience and security. Each unit has the ability to provide consistent rental income, making this triplex a smart investment for those looking to expand their portfolio or for a buyer who wants to live in one unit while renting out the others. With its spacious lot, future ADU potential, and desirable location, the possibilities here are endless! This triplex is more than just a property, it’s a once-in-a-lifetime opportunity to secure a long-term investment in one of the most sought-after markets in the country. Situated just minutes from the energy of Downtown Los Angeles, residents will enjoy easy access to public transportation, shopping centers, grocery stores, parks, and major freeways, making it an incredibly attractive option for tenants and homeowners. Don’t miss out on this great investment opportunity! Properties like this rarely hit the market. Schedule your private showing today and discover the endless potential this Los Angeles triplex has to offer!

Nearby schools

5/10
Wisdom Elementary School
Public,•K-6•0.1mi
3/10
Mckinley Avenue Elementary School
Public,•K-6•0.4mi
4/10
Sixty-Sixth Street Elementary School
Public,•K-6•0.8mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•0.9mi
5/10
Russell Elementary School
Public,•K-6•0.9mi
3/10
South Park Elementary School
Public,•K-6•1.0mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.6mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•1.6mi
3/10
Sixty-First Street Elementary School
Public,•K-6•1.7mi
3/10
Thomas A. Edison Middle School
Public,•6-8•0.7mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•0.9mi
1/10
Charles Drew Middle School
Public,•6-8•1.0mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.3mi
3/10
John C. Fremont Senior High School
Public,•9-12•0.7mi

Price History

Date
Event
Price
11/07/25
Price Change
$799,000-5.9%
09/08/25
Listing
$849,000
10/29/01
Sold
$218,000
08/12/93
Sold
$186,000
Condition Rating
Poor
Built in 1928, this triplex shows significant signs of age and deferred maintenance. The kitchen features extremely dated cabinets, minimal counter space, older appliances, and a severely peeling ceiling, indicating major issues. The bathroom is also very outdated with old-style tiling and basic fixtures. Visible exposed wiring in the kitchen is a safety concern. While the property offers investment potential and ADU conversion opportunities, its current living spaces require substantial repairs and rehabilitation, including likely upgrades to major systems (electrical, plumbing, HVAC) due to its age and lack of apparent recent renovations.
Pros & Cons

Pros

Strong Income Generation: As a triplex with 5 bedrooms and 3 bathrooms, the property is explicitly marketed for its 'consistent rental income' and 'income potential,' making it an attractive asset for investors.
Significant ADU Potential: The presence of '4 over-sided garages with HUGE potential to be converted into an ADU' offers a clear and substantial opportunity to maximize future rental income and property value.
Strategic Urban Location: Situated 'minutes from the energy of Downtown Los Angeles' with 'easy access to public transportation, shopping centers, grocery stores, parks, and major freeways,' enhancing its appeal to tenants.
Generous Lot Size: A 'generous 5,745 sqft lot' provides ample space, supporting the ADU conversion potential and offering room for outdoor amenities or future development.
Long-Term Investment Value: Described as a 'once-in-a-lifetime opportunity to secure a long-term investment in one of the most sought-after markets in the country,' highlighting its potential for appreciation.

Cons

Property Age: Built in 1928, the property's age suggests potential for outdated systems (plumbing, electrical, HVAC) and the need for significant capital investment for modernization and ongoing maintenance.
Recent Price Reduction: A recent price drop from $849,000 to $799,000 could indicate initial overpricing or market resistance, potentially suggesting a slower sale or further negotiation may be required.
Mixed School Ratings: While some schools are well-rated, several nearby middle schools have lower ratings (e.g., Charles Drew Middle School rating 1, Mary Mcleod Bethune Middle School rating 2), which could be a consideration for family-oriented tenants.

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